Electronic Trading Platforms Clause Samples

The 'Electronic Trading Platforms' clause defines the rules and requirements for parties using digital systems to execute trades or transactions. It typically outlines the permitted platforms, user responsibilities, and technical standards for accessing and operating on these systems, such as authentication procedures or acceptable use policies. By establishing clear guidelines for electronic trading, this clause helps ensure secure, efficient, and reliable transactions while minimizing the risk of disputes or unauthorized activity.
Electronic Trading Platforms. Transactions may be executed through electronic trading platforms that provide for prime brokerage transactions upon the agreement of Prime Broker, Designated Party and Dealer. Any notices required by this Agreement may be made in accordance with the rules and agreements of such electronic platform(s) and such rules and agreements are hereby incorporated into the Agreement. [DEALER] Ladies and Gentlemen: [PRIME BROKER] and [DEALER] are parties to a Master FX Give-Up Agreement dated as of ___________ (the “Agreement”). All capitalized terms used in this Notice without definition shall have the meanings given to such terms in the Agreement.
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Electronic Trading Platforms. Transactions may be executed through electronic trading platforms that provide for prime brokerage transactions upon the agreement of Prime Broker, Designated Party, and Dealer. Notice
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Electronic Trading Platforms. Participants in the prime brokerage market increasingly use electronic platforms for execution and give-up of foreign exchange transactions upon agreement of the Prime Broker, Dealer and the Designated Party. The Agreement may be used for the give-up of those transactions. If parties should decide to do so, they should consider whether any modifications are necessary to accommodate the means by which transactions are executed and given up, including the types of trading limits applicable to the platform. In addition, these platforms often have detailed rules and procedures for notices. Accordingly, Part 9 specifies that in that situation, notices required under the Agreement may be made in accordance with those rules in lieu of the provisions set forth in the Agreement. As a result, notices that otherwise may have to be in writing or directed to a particular notice address may be accomplished through the electronic functions contained in that platform and described in its rules. As the interaction of the electronic trading platform rules and the provisions of the Agreement may be complex, parties should evaluate whether they want to add any specific provisions to the Schedule addressing the applicability of those rules to specific notification procedures provided under the Agreement.
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Related to Electronic Trading Platforms

  • Electronic Trading Trading on an electronic trading system may differ from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.

  • Electronic Transmissions (a) Each of the Agent, the Company and its Subsidiaries, the Banks, and each of their Affiliates is authorized (but not required) to transmit, post or otherwise make or communicate, in its sole discretion, Electronic Transmissions in connection with any Loan Document and the transactions contemplated therein. The Company and its Subsidiaries hereby acknowledges and agrees that the use of Electronic Transmissions is not necessarily secure and that there are risks associated with such use, including risks of interception, disclosure and abuse and each indicates it assumes and accepts such risks by hereby authorizing the transmission of Electronic Transmissions. (b) All uses of an E-System shall be governed by and subject to, in addition to Section 13.6 and this Section 13.24, any separate terms and conditions posted or referenced in such E-System and any related contractual obligations executed by the Agent, the Company and its Subsidiaries and the Banks in connection with the use of such E-System. (c) All E-Systems and Electronic Transmissions shall be provided “as is” and “as available”. None of the Agent or any of its Affiliates warrants the accuracy, adequacy or completeness of any E-Systems or Electronic Transmission, and each disclaims all liability for errors or omissions therein. No warranty of any kind is made by the Agent or any of its Affiliates in connection with any E Systems or Electronic Transmission, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects. The Agent, the Company and its Subsidiaries, and the Banks agree that the Agent has no responsibility for maintaining or providing any equipment, software, services or any testing required in connection with any Electronic Transmission or otherwise required for any E-System. The Agent and the Banks agree that the Company shall have no responsibility for maintaining or providing any equipment software, services or any testing required in connection with any Electronic Transmission or otherwise required for any E-System.

  • Electronic Transfer Electronic transfer of the Offered Securities shall be made at the time of purchase in such names and in such denominations as the Representative shall specify.

  • Electronic Transactions The parties hereto agree that the transactions described herein may be conducted and related documents may be stored by electronic means. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed documents shall be deemed to be authentic and valid counterparts of such original documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law.

  • ELECTRONIC WORKFLOW SYSTEM OGS reserves the right to incorporate an electronic workflow system that may include elements of the Authorized User RFQ process. OGS reserves the right to post Authorized User Contract usage of Centralized Contracts. For Lot 4 only, when provided for in the RFQ and resultant Authorized User Agreement, the Authorized Users may reimburse travel expenses. All rules and regulations associated with this travel can be found at ▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇.▇▇/agencies/travel/travel.htm. In no case will any travel reimbursement be charged that exceeds these rates. All travel will be paid only as specified within the Authorized User Agreement and must be billed with the associated services on the same Invoice with receipts attached. The Contractor shall receive prior approval from the Authorized User for any travel that occurs during the term of an Authorized User Agreement. Parking fees and/or parking tickets shall not be paid by an Authorized User. Unless otherwise specified in writing by the Authorized User, a vehicle will not be provided by Authorized User to the Contractor for travel. Therefore, the Contractor will be responsible for ensuring that the Contractor has access to an appropriate vehicle (e.g., personal vehicle or rental vehicle) or common carrier with which to carry out any necessary travel. For the Contractor to obtain reimbursement for the use of a rental vehicle, such use must be justified as the most cost- effective mode of transportation under the circumstances (including consideration of the most effective use of time). The Contractor is responsible for keeping adequate records to substantiate any claims for travel reimbursement. All services provided under the resultant Authorized User Agreement must be performed within CONUS. There are no BONDS for this Contract. However, an Authorized User may require in an RFQ a performance, payment or Bid bond, or negotiable irrevocable letter of credit or other form of security for the faithful performance for the resultant Authorized User Agreement. Pursuant to New York State Executive Law Article 15-A and Parts 140-145 of Title 5 of the New York Codes, Rules and Regulations (“NYCRR”), the New York State Office of General Services (“OGS”) is required to promote opportunities for the maximum feasible participation of New York State-certified Minority- and Women-owned Business Enterprises (“MWBEs”) and the employment of minority group members and women in the performance of OGS contracts.