Extraordinary price movements Sample Clauses
The 'Extraordinary price movements' clause defines how parties will address situations where the price of a relevant asset or commodity experiences significant, unexpected fluctuations. Typically, this clause sets thresholds or criteria for what constitutes an extraordinary movement and outlines the steps to be taken if such an event occurs, such as renegotiation of terms, suspension of obligations, or price adjustments. Its core function is to protect both parties from unforeseen market volatility, ensuring fairness and stability in contractual relationships when prices deviate dramatically from normal ranges.
Extraordinary price movements. The price of a DW may not match its theoretical price due to outside influences such as market supply and demand factors. As a result, actual traded prices can be higher or lower than the theoretical price.
Extraordinary price movements. The price of a CBBC may not match its theoretical price due to outside influences such as market supply and demand factors. As a result, actual traded prices can be higher or lower than the theoretical price.
Extraordinary price movements. The price of a derivative product may not match its theoretical price due to outside influences such as market supply and demand factors. As a result, actual traded prices can be higher or lower than the theoretical price.
Extraordinary price movements. The price of a structured product may not match its theoretical price due to outside influences such as market supply and demand factors. As a result, actual traded prices can be higher or lower than the theoretical price.
Extraordinary price movements. The price of a Structured Product may not match its theoretical price due to outside influences such as market supply and demand factors. As a Foreign exchange risk Investors trading Structured Products with underlying assets not denominated in Hong Kong dollars are also exposed to exchange rate risk. Currency rate fluctuations can adversely affect the underlying asset value, also affecting the Structured Product price.
Extraordinary price movements. The price of an exchange-traded derivative product may not match its theoretical price due to outside influences such as market supply and demand factors. As a result, actual traded prices can be higher or lower than the theoretical price. Virtual assets or virtual assets related products (“VA”) pose significant risks to investors. Some of these risks are inherent in the nature and characteristics of the virtual assets themselves and others stem from the operations of platforms or portfolio managers.
(i) Liquidity, volatility and valuation Virtual assets are generally not backed by any physical assets or guaranteed by the government. They have no intrinsic value. Some of the virtual assets may not circulate freely or widely, and may not be listed on any secondary markets. There may be lack of secondary markets for investors to trade virtual assets or VA. There may not have any generally accepted valuation principles governing certain types of virtual assets. The value of the virtual assets or VA may fluctuate significantly over a short period of time. This means there is a high risk that the price of virtual assets or VA may move up or down, and may become valueless. Investor will lose some or all of your money. Any virtual asset may decrease in value or lose all of its value due to various factors including discovery of wrongful conduct, market manipulation, change to the nature or properties of the virtual asset, governmental or regulatory activity, legislative amendment, suspension or cessation of support for a virtual assets/VA or other exchanges or service providers, public opinions, or other factors outside of our control. Prices on the secondary market are driven by supply and demand and are short-term and volatile by nature. The volatility faced by investors may be further magnified where liquidity pools for virtual assets are small and fragmented.
(ii) Cybersecurity and safe custody of assets Trading platform operators and portfolio managers may store clients' assets in hot wallets (ie, online environments which provide an interface with the internet). These can be prone to hacking. Cyber- attacks resulting in the hacking of virtual asset trading platforms and thefts of virtual assets are common. Victims may have difficulty recovering losses from hackers or trading platforms, which can run to hundreds of millions of Hong Kong dollars. Virtual asset funds face a unique challenge due to the limited availability of qualified custodian. Available solu...
Extraordinary price movements. Price of structured investment product may be different (i.e. higher or lower) from its theoretical price due to outside factors such as market supply and demand.
Extraordinary price movements. The price of a DW / CBBC /IW may not match its theoretical price due to outside influences such as market supply and demand factors. As a result, actual traded price can be higher or lower than the theoretical price.