IFHK definition
Examples of IFHK in a sentence
The Customer's obligation to indemnify IFHK shall survive the termination of the Account, this Agreement or the Electronic Services.
The Customer and IFHK submit to the non-exclusive jurisdiction of the courts of Hong Kong.
Any sum that may be payable by IFHK to the Customer shall be subject to all applicable laws and regulations, including Compliance Requirements and rules prescribed by the relevant settlement and clearing agencies, any withholding tax requirements, foreign exchange restrictions or control.
The Upfront Fee accrues to IFHK and is deducted upfront from the total subscription monies received and the net sum remaining shall be used to subscribe for Units in the relevant Security.
Where such combination, set-off or transfer requires the conversion of one currency into another, such conversion shall be calculated at the spot rate of exchange (as conclusively determined by IFHK) prevailing in such foreign exchange market as IFHK shall determine to be relevant on the date of the combination, set-off or transfer.
Accordingly, any price or value quoted by IFHK to the Customer in respect of any Unit in any Security is not conclusive and is indicative only.
IFHK reserves the right to set off the said Loss against the available balance in the Customer's Cash Account.
Orders (and monies) received after the specified cut-off time shall be deemed to be an Order received by IFHK on the next Dealing Day and shall only be placed with the relevant Manager or Product Issuer on the next Dealing Day.
If payment is not received within the time period specified by IFHK or where there is confirmation of insufficient funds in the Customer's bank account, the subscription may be cancelled forthwith or resold to the Manager or Product Issuer without any liability or responsibility on the part of IFHK, in which event the Customer shall be responsible for any Loss suffered by IFHK resulting from the failure by the Customer to make such payment.
The Order becomes irrevocable immediately after IFHK has executed the Transaction by placing an order with the relevant Manager or Product Issuer.