To comply with the resolutions reached in the arbitration proceedings of the Exchange, and with any resolutions to impose trading restrictions under the terms of the Exchange Regulations.
To refrain from directly or indirectly performing transactions for third parties, except in the case of foreign financial institutions that maintain accounts with characteristics that are equal, analogous or similar to Global Accounts, and which have been authorized by the Exchange.
To refrain from trading in violation of the laws and, in general, of the applicable rules and provisions.
THIRTEEN. CONVENTIONAL PENALTIES.
The Client acknowledges and accepts that the Trader may demand payment of conventional penalties if the former engages in any of
the actions enumerated in the preceding clause, without prejudice to any other measures that may be adopted by the Exchange or the Clearinghouse under the terms of their respective regulations.
These conventional penalties shall be determined by choosing the highest amount from the range established in the Exchange
Regulations, as a multiple of the daily minimum wage for Mexi co City, and the Client may submit to the arbitration proceedings established in the Exchange Regulations.
The Client acknowledges that the resources obtained by the Clearinghouse through the application of economic penalties to Clearing Members shall be recorded under the terms of the Regulations.
FOURTEEN. CLEARING OF TRANSACTIONS.
The Client acknowledges and accepts that the obligations derived from the performance of Futures and Options Contracts, shall be carried out in accordance with Clause Nine of the Adhesion Agreement.
The parties recognize and accept that the Exchange and the Clearinghouse may order the Clearing Member to reduce or cancel Open Contracts in a given Series before their expiration date, to adjust the number of Open Contracts o the position limits
established Agreement. Trader must
in the General Contract conditions, by This instruction may be executed directly execute it immediately.
performing a losing trade by the Clearing Member or
as established in through the Trader,
lause on the
Nine of the Adhesion understanding that the
FIFTEEN. REASONS FOR REJECTION OF TRADES.
The Client acknowledges and accepts that the transaction registry process and the procedures and reasons for rejecting transactions are established in the learinghouse Operating Manual, and that these shall therefore be accepted as if they were reproduced herein.
The Client agrees that even after a trade is performed, if it is not confirmed by the Clearinghouse for reasons attributable to the Trader, the T rader shall not be liable for any damages and losses that may arise.
SIXTEEN. EXECUTION ERRORS.
The Trader acknowledges and accepts that it will assume total liability for any errors committed in trading, and will pay any amount applicable under the terms of the Exchange Regulations from its own accounts.
If a Trader makes an error in executing an order by a Client, it must correct according the Regulations of the Exchange.
Under any of the circumstances described in the Regulations Exchange, the Trader must compensate the Client for the difference between the price at which the trade was assigned and the price at which it was assigned, through the Clearing Member. In such cases, the Clearing Member shall indicate the corresponding payment in the account statement as a payment of differences resulting from error.
SEVENTEEN. ERRORS ATTRIBUTABLE TO THE TRADER.
The Client acknowledges and accepts that the Clearing Member shall be responsible for making the necessary changes with the Clearinghouse and when necessary, with the Exchange, provide that the Trader notifies the Clearing Member promptly of any errors in the entry of trades resulting from either of the circumstances described in the Clearinghouse Operating Manual.
In the event that the Trader does not promptly notify the Clearing Member, the former acknowledges and accepts that it shall assume full liability for errors made in the performance, confirmation and assignment of trades, and shall cover out of its own accounts any amounts due in the form of Margins, fees, expenses, rates, commissions, disciplinary measures and any other amount arising from that error.
EIGHTEEN. AUTHORIZATION TO SUPPLY INFORMATION.
The Client hereby expressly authorizes the Trader to supply information on the transactions it performs for them, and on the positions they maintain in the market, to the Clearinghouse, the Exchange, the supervisory and financial regulatory authorities of other