Common use of Receipt of Orders Clause in Contracts

Receipt of Orders. instructions and Telephone Recordings and Communications Xxxxxx will accept orders/instructions in meetings, by telephone or letter or facsimile transmission. We reserve the right to request confirmation of an instruction in writing and we may refuse to act on unclear or incomplete instructions. Xxxxxx does not accept from, or send instructions to, third parties, unless a valid original power of attorney has been provided by you and accepted by Xxxxxx for this purpose. It is your obligation to notify Xxxxxx in writing if a power of attorney has been rescinded and the notification will only take effect when Xxxxxx acknowledge in writing the receipt of the notification. In respect of orders relating to bonds, you must indicate the total amount of the investment to be made in the bond when confirming your purchase order. Xxxxxx will rely on this information when making the purchase and shall not be liable for any over investment or error made by you if you miscalculate the consideration due or you request that an order be made in nominal units rather than on a required total investment amount. In exceptional circumstances, and where you have a relationship with an individual Cantor Broker and this method of communication has been agreed to in writing by Xxxxxx, Xxxxxx will receive orders from you in the form of text (SMS) and or e-mail messages to Brokers but only where the order has been received by the Broker and you are sent an acknowledgement text and or e-mail from the Broker accepting the order. Should you wish to avail of this service you should contact your Broker to initiate the service. Please note that Xxxxxx will not be held responsible for non receipt or misunderstandings of messages received in this manner as this is not our preferred method of receiving orders and we will not be liable or responsible for problems with mobile phone coverage, email servers or other communication devices or systems. You must check your contract notes diligently (and in particular trade confirms for CFD trades) and report any issues immediately to your Broker. All telephone conversations are recorded to ensure accuracy of instructions, for the purposes of recording instructions received and to assist with any disputes as well as for legal and regulatory purposes and for training and quality control purposes. Xxxxxx may ask you security questions to verify your identity and if you are not in a position to answer the questions Xxxxxx may not be able to act on your instructions. Xxxxxx shall be entitled to rely on instructions, which we reasonably believe to be from you, your agent or any lawfully appointed attorney on your account (whether verbal or written) and which we have accepted in good faith without further enquiry.