Common use of Execution of the Orders Clause in Contracts

Execution of the Orders. 7.1. The Bank shall execute the Orders for the best interest of the Client and according to the terms indicated in the Order. If no specific terms are indicated in the Order, the terms established under the present Agreement and in the Best Execution Policy shall be applied. Client is duly informed that any specific Order given by the Client may prevent the Bank from taking actions to achieve the best possible result that is established and applied by the Bank in the Best Execution Policy. 7.2. The Bank shall execute the Orders at the Trading venue or outside the Trading venues as laid down in the Best Execution Policy. 7.3. The Bank shall be entitled not to observe the terms indicated in the Order, if in case of occurrence of circumstances that are beyond the control of the Bank, it is necessary for the Client’s interests, and the Bank has been unable to obtain the Client’s prior advice or the Client has not responded to the Bank’s enquiry within a reasonable period of time. In such event, the Bank shall immediately notify the Client of the fact that the Order has been executed under the terms other than those set in the Order.