Common use of INSTRUCTIONS AND BASIS OF DEALING Clause in Contracts

INSTRUCTIONS AND BASIS OF DEALING. 33.1 Placing of instructions: Unless expressly agreed otherwise, all trading instructions must be provided to us electronically through our online trading facility, even though we may accept instructions from you in writing (including fax), by e-mail or by other electronic means, or orally (including by telephone through our trading department at the specified telephone number) at our sole discretion. Your conversation may be recorded if you give instructions by telephone. Notwithstanding your failure to confirm them in writing, we are authorized to follow the instructions. Instructions for the simultaneous conclusion, on behalf of the same beneficial owner, of a contract for the purchase and the contract for the sale on behalf of the same beneficial owner of a certain financial instrument may NOT be provided under this Agreement. A trading instruction or order provided to us by you shall not take effect until we have actually received it. Unless the context requires otherwise, the instructions and orders in this Agreement have the same meaning.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement