Common use of Order Processing Procedures Clause in Contracts

Order Processing Procedures. If the Account Holder carries out transactions on products that are not particularly complex as defined by the applicable regulations (shares traded on a regulated market, bonds and other forms of securitised debt without embedded derivatives, etc.), SGSS transmits orders to the traders for simple execution without any checks as to the appropriateness of the product, • On the other hand, with complex or high-risk products, upon the first transaction, SGSS must assess the Account Holder’s degree of understanding of the risks inherent in the product in question. To this end, SGSS is obliged to ask the Account Holder for information concerning their knowledge and experience, it being understood that Account Holders who have carried out transactions on a type of financial instrument prior to 1 November 2007 are presumed to have the required level of experience and knowledge to understand the risks and will therefore not be assessed for transactions that they carry out on these products after this date. SGSS acts honestly, loyally and professionally, serving the best interests of the Account Holder and fostering market integrity. In particular, it respects all rules established to organise the workings of the regulated markets and the multilateral trading facilities on which it operates.

Order Processing Procedures. If When the Account Holder carries out transactions on products that are not particularly complex as defined by the applicable regulations (shares traded on a regulated market, bonds and other forms of securitised debt without embedded derivatives, etc.), the orders are sent to traders by SGSS transmits orders to the traders for simple execution without any checks as to checking the appropriateness of the product, . • On the other handHowever, with complex or high-risk products, upon the first transaction, products SGSS must assess the Account Holder’s 's degree of understanding of the risks inherent in the product in questionquestion prior to the first transaction. To this end, SGSS is obliged to ask the Account Holder for information concerning their his/her knowledge and experience, it being understood that an Account Holders Holder who have has carried out transactions on a one type of financial instrument prior to 1 November 2007 are presumed to have the required level of experience and knowledge to understand the risks and will therefore not be assessed for transactions that they carry out on these products after this that date. SGSS acts honestly, loyally and professionally, serving the best interests of the Account Holder and fostering market integrity. In particular, it respects all rules established to organise the workings of the regulated markets and the multilateral trading facilities on which it operates.