Common use of Client’s Instructions Clause in Contracts

Client’s Instructions. 23.1. Unless expressly provided otherwise herein, Client places his instructions electronically or in writing by using proper identification. 23.2. The Company may regard as proper identification the correct password on the Company trading platform for electronic, Client’s signature for written, and the phone pin code for oral instructions. The Company is not required to make a more extensive examination of the identification offered by the Client. 23.3. Where the Client communicates with the Company via email or places orders electronically, he acknowledges, accepts and understands that the transmission of data via the Internet, which is an unencrypted and unprotected open network, is accessible by the public, bears various risks including but not limited to the risk of unauthorized access to data or Accounts by third parties, or risk of time delays in transmission, delivery or execution of the Client’s orders due to malfunctions of communications facilities or systems or other causes beyond the Company reasonable control. 23.4. All risks involved in electronic communication and/or trade will be born solely by the Client. The Company assumes no responsibility or liability for losses or damages of any kind resulting from or in connection with the transmission of data via the Internet. 23.5. the Company is not responsible or liable for not noticing falsifications or lack of legitimating.