Common use of Contingent Liability Transactions Clause in Contracts

Contingent Liability Transactions. The Client may enter into transactions with or through Xxxxxx Xxxxxxx that may commit the Client to further payment or liability (“contingent liability transactions”). These may include written options where the Client will be obliged to make payment or delivery if the option is exercised against it, or contracts for differences such as swaps where the Client will be required to make variable payments depending on the performance of an index or other factor specified in the contract.