Common use of Validity of orders Clause in Contracts

Validity of orders. The rules for order validity are specified, where applicable, in the Appendix. On expiry, orders are automatically eliminated from the trading system. The Bank may, at its sole and absolute discretion, refuse any orders that it considers incompatible with market conditions, in accordance with its legal obligation to act in respect of the integrity of the markets. The Client may cancel the order or change its characteristics before its execution, subject to the market rules. These new instructions will be taken into account: - if they are received by the Bank within a time frame that is compatible with the execution of the orders; - and if the order has not already been executed. If the order has only been partially executed, the new instructions shall be valid for the non-executed part of the order.

Validity of orders. The rules for order validity are specified, where applicable, in the AppendixAppendices. On expiryUpon expiration of its validity, orders are the order will automatically eliminated be deleted from the trading system. The Without possibility of dispute, the Bank may, at its sole and absolute discretion, may refuse any orders that seem to it considers to be incompatible with the market conditions, in accordance with its legal obligation to act in respect of the integrity of the marketsmarket integrity. The Client may cancel the order or change its characteristics before its execution, subject to the market rules. These new instructions will be taken into account: - if they are received by the Bank within a time frame that is compatible with the conditions for execution of the orders, and; - and if the order has not already been executed. If the order has only been partially executed, the new instructions shall will be valid for the non-executed unexecuted part of the order.