Common use of DEALING INSTRUCTIONS Clause in Contracts

DEALING INSTRUCTIONS. 1.1. You may communicate your dealing instructions/orders to us in writing (including, but not limited to, electronic messaging via Bloomberg, or submission of electronic orders via FIX protocol) or verbally. If you give us instructions in writing, such instructions must be received by us during normal business hours allowing sufficient time for us to act upon them. You agree that acceptance of an instruction to withdraw or amend an existing instruction is always subject to our receiving the instruction in time for the appropriate action to be taken. You agree that we may in our absolute discretion and without liability, refuse to accept an order or any other instruction for your account or execute it in part only. 1.2. We shall be entitled to rely on and treat as binding any instructions which we believe to be from you or from your agent(s) (whether received by telephone or electronically in writing) which we have accepted in good faith. 1.3. We shall have no liability in respect of any and all consequences which may result from the use of telephone or electronic communications, in particular where arising from a technical default, error, deficiency or lack of precision of the instructions, as well as from any abusive or fraudulent use which may be made of the said instructions. 1.4. You agree that all communications (including without limitation telephone conversations) which we may have with you (or any third party) may be recorded and such recordings may be used as evidence in the event of a dispute. Such recordings will be accepted by you as conclusive evidence of instructions received from you.