Common use of Dealing as Principal Clause in Contracts

Dealing as Principal. The Client acknowledges that the Market Participant or Clearing Participant may, in certain circumstances permitted under the Corporations Act, the ASX Operating Rules or the ASX Clear Operating Rules, take the opposite position in a transaction in the Derivative Market Contract, either acting for another client or on its own account.

Appears in 2 contracts

Sources: Wholesale Client Agreement, Wholesale Client Agreement