Common use of Execution Policy Clause in Contracts

Execution Policy. In accordance with the MiFID II Rules, the Bank has defined and established an order execution policy (hereinafter the “Execution Policy”) aiming to obtain the best result for the Client by taking into account the price, the costs, the speed, the likelihood of execution and settlement, the size, the nature of the order and any other consideration relating to the execution of the order. The execution policy forms an integral part of these General Terms and Conditions (annex 3) and is subject to change in accordance with Article 23 of the General Terms and Conditions.