Common use of Client Error Clause in Contracts

Client Error. You understand that the Bank will not be liable for any loss, damage or expense or consequential loss, damage or expense suffered by you as a result of any trading based on your instructions. The Bank will not be able to unwind any trade, and you should also take note of the settlement arrangements in respect of China Connect Securities under China Connect, including but not limited to quota restrictions which may affect your ability to mitigate the consequences of any error trades. The Bank shall have no liability for any losses which may result directly or indirectly from such error trades. The Bank shall have absolute discretion to determine whether to conduct any transfer to rectify any error trade and shall have no obligation to do so. The Bank shall have no liability for any losses which may result directly or indirectly from such error trades or any refusal to conduct a transfer to correct an error trade.

Client Error. You understand that the Bank will not be liable for any loss, damage or expense or consequential loss, damage or expense suffered by you as a result of any trading based on your my instructions. The Bank will not be able to unwind any trade, and you should also take note of the settlement arrangements in respect of China Connect Securities under China Connect, including but not limited to quota restrictions which may affect your my ability to mitigate the consequences of any error trades. The Bank shall have no liability for any losses which may result directly or indirectly from such error trades. The Bank shall have absolute discretion to determine whether to conduct any transfer to rectify any error trade and shall have no obligation to do so. The Bank shall have no liability for any losses which may result directly or indirectly from such error trades or any refusal to conduct a transfer to correct an error trade.