SFP definition
Examples of SFP in a sentence
In the event that SFP does not, or is unable to, communicate any or all such Limits to the Exchange Member Customer for any reason, the most recently communicated Limits then prevailing shall continue in force until new Limits have been communicated to the Exchange Member Customer.
Pursuant to Clause 1.12 of the Customer Agreement, SFP has, at its discretion, the right to impose and to vary limits, including but not limited to trading, exposure and position limits, (the “Limits”) on the Exchange Member Customer’s Accounts and/or Exchange Transactions, and the Exchange Member Customer shall strictly comply with all such Limits.
Without prejudice to SFP’s foregoing rights to vary any Limits, the Exchange Member Customer confirms that, SFP may at SFP’s discretion, increase or decrease the Exchange Member Customer’s Limits on a case-by-case basis for any reason, including but not limited to the occurrence of any event or circumstances as SFP may communicate to the Exchange Member Customer.
The Customer should understand that in relation to securities and assets held in other jurisdictions, SFP may appoint foreign custodians to safe-keep its foreign securities and assets.
In the event that SFP and the Customer are unable to agree on how to address this Extraordinary Event, the Customer may within twenty-four (24) hours of being notified of such Extraordinary Event (but shall not be obliged to) instruct SFP to take whatever action that the Customer deems necessary to remedy this Extraordinary Event.