Rejected Transactions. If an Agreed CCP or Clearing Member does not accept a transaction for clearing, the Firm will notify the Client promptly and the Firm will have no obligation under this Agreement or otherwise (and, in particular, no obligation in respect of any Loss which may arise as a result of any interval before notification of non-acceptance is made) to the Client in respect of the transaction. The Firm may take any step to terminate such a transaction which is still subsisting after the moment of non-acceptance.
Appears in 2 contracts
Sources: Professional Client Agreement, Retail Client Agreement