Common use of Validity of orders Clause in Contracts

Validity of orders. If the Account Holder does not indicate a final validity date, the orders are valid up to and including the last trading day of the month following the month in which the order was transmitted. If the Account Holder indicates a final validity date, the validity of the order expires at the end of the trading day corresponding to the indicated date (or at the end of the trading day preceding that date, if the indicated date is not a trading day). In general, in accordance with the market rules: • For “limit price” orders that are valid but not yet executed at the time of a dividend payment: on the day before the ex-dividend date, after market close, the limit price will be automatically reduced by the amount of the dividend in order to reproduce the equivalent decrease in the share’s market price, • An order expires automatically when any specific benefit on the security in question is awarded (detachment of a subscription or allotment right, for example). After the order has been transmitted, SGSS agrees to forward, without guaranteeing that they will be taken into consideration, any requests received by the NOMILIA voice server for outstanding valid orders not yet executed. No order cancellation request is possible through the SHARINBOX website.

Appears in 1 contract

Sources: Registered Securities Account Agreement

Validity of orders. If the Account Holder does not indicate a final validity date, the orders are valid up to and including the last trading day of the month following the month in which the order was transmitted. If the Account Holder indicates a final validity date, the validity of the order expires at the end of the trading day corresponding to the indicated date (or at the end of the trading day preceding that date, if the indicated date is not a trading day). In general, in accordance with the market rules: • For for “limit price” orders that are valid but not yet executed at the time of a dividend payment: on the day before the ex-dividend date, after market close, the limit price will be automatically reduced by the amount of the dividend in order to reproduce the equivalent decrease in the share’s market price, • An an order expires automatically when any specific benefit on the security in question is awarded (detachment of a subscription or allotment right, for example). After the order has been transmitted, SGSS agrees to forward, without guaranteeing that they will be taken into consideration, any requests received by the NOMILIA voice server for outstanding valid orders not yet executed. No order cancellation request is possible through the SHARINBOX website.

Appears in 1 contract

Sources: Securities Account Agreement

Validity of orders. If the Account Holder does not indicate a final validity end date, the orders are valid up to and including the last trading day of the month following the month in which the order was transmitted. If the Account Holder indicates a final validity end date, the validity of the order expires at the end of the trading day corresponding to the indicated date (or at the end of the trading day preceding that date, if the indicated date is not a trading day). In general, in accordance with the market rules: • For “limit price” orders that are valid but not yet executed at the time of a dividend payment: on the day before the ex-dividend date, after market close, the limit price will be automatically reduced by the amount of the dividend in order to reproduce the equivalent decrease in the share’s 's market price, • An order expires automatically when any specific benefit on the security in question is awarded (e.g. detachment of a subscription or allotment right, for example). After the order has been transmitted, SGSS agrees to forward, without guaranteeing that they will be taken into consideration, any requests received by the NOMILIA voice server for outstanding to cancel valid orders not yet executed. No order cancellation request is possible through the SHARINBOX website.

Appears in 1 contract

Sources: Registered Securities Account Agreement