Examples of UBS in a sentence
This Singapore Order Handling and Execution Policy (this "Policy") applies where Clients legitimately rely on UBS and/or its Singapore staff licensed by or registered with the MAS and/or the SGX and accredited to UBS Securities Pte Ltd and/or UBS AG Singapore Branch, to protect their interests in order execution, whether UBS enters into agency or Back-to-Back Transactions with Clients, or UBS enters into other types of principal transactions with Clients.
UBS may aggregate a Client’s order with order(s) from other clients and/or with transaction(s) for UBS’ own account.
Please note that: (1) this Policy does not apply to business conducted with clients whom UBS have classified as Institutional Investors; accordingly, UBS will not owe best execution obligations for orders placed by and/or executed on behalf of or executed with clients who are Institutional Investors; and (2) nothing in this Policy shall result in UBS owing the Client any fiduciary responsibilities.
Subject to any specific instructions that may be given by a Client (see Section 8 below), when executing Client Orders, UBS will take all sufficient steps to obtain the best available terms taking into account the Execution Factors detailed in Section 5 below ("Execution Factors").
However, UBS will determine whether there are situations where Clients may nevertheless be entitled to legitimately place reliance on UBS by considering relevant factors (including to what extent the Legitimate Reliance Criteria has been satisfied).