“Accepted Order” has the meaning given to it in clause 4.2.
“Agreed Communication Channel” means such methods of communication as approved by Binance and agreed between you and Binance from time to time, which may include (without limitation) telephone, email, Whatsapp, Telegram, online chat functionality and, if available, the Platform. Binance may withdraw the use of an Agreed Communication Channel at any time for any reason.
“Algo Execution Service” has the meaning given to it in clause 6.7.
“Algo Order” has the meaning given to it in clause 6.1.
“Expiry Time” has the meaning given to it in clause 4.3.
“Futures” means COIN-M Futures, USDS-M Futures (as each term is defined in the FSA) or any other futures contracts that Binance may allow at its sole discretion to be traded on through an Agreed Communication Channel.
“FSA” has the meaning given to it in clause 5.3.
“Manifest Error” means any error, omission or misquote (whether an error of Binance or any third party) which is manifest or palpable, including a misquote by any representative of Binance taking into account the current market and currently advertised quotes, or any error or lack of clarity of any information, source, commentator, official, official result or pronunciation. The fact that you may have entered into, or refrained from entering into, a corresponding financial commitment, contract or trade in reliance on a Transaction entered into with Binance (or that you have suffered or may suffer any loss whether direct, indirect, consequential or otherwise) is deemed irrelevant as a factor and shall not be taken into account in determining whether a situation amounts to a Manifest Error.
“Order” means an instruction issued by you to Binance through an Agreed Communication Channel in such form as specified by Binance from time to time, which shall constitute a request to enter into an OTC Transaction on the basis of the parameters as set out in the Order, and shall include (without limitation) an Algo Order.
“OTC Services” means the provision of Prices by Binance to you, your submission of Trade Instructions and/or Orders, and the entry into OTC Transactions, and any related services provided by Binance or any Binance Affiliate or third party in connection therewith.
“OTC Transaction” means any bilateral over the counter transaction in Digital Assets entered into between Binance and you pursuant to a Trade Instruction or an Order submitted by you (or on your behalf) to Binance through an Agreed Communication Channel.
“Platform” means means the digital platform made accessible via any website, page, feature, or content owned or operated by Binance, any mobile application developed or provided by Binance or any application programme interface (“API”) made available to you or third-party applications relying on such an API or by such other means as Binance may prescribe from time to time for the use of Binance Services.
“Price” has the meaning given to it in clause 2.1.
“Price Request” means a request made by you through an Agreed Communication Channel for a Price.
“Products” means such products as Binance enables you to trade in from time to time for the purposes of the OTC services, which may include (without limitation), spot transactions in certain Digital Assets as permitted from time to time by Binance, Futures and such other products as permitted in Binance’s sole discretion.
“Related Persons” has the meaning given to it in clause 8.2(a).
“Trade Confirmation” has the meaning given to it in clause 3.7.
“Trade Instruction” means a trade request or instruction issued by you to Binance through an Agreed Communication Channel in such form as specified by Binance from time to time, which shall constitute an offer made by you to enter into an OTC Transaction on the basis of a Price provided by Binance
“Trading Limits” has the meaning given to it in clause 5.8.
“Trading Rules” means any trading rules, contract specifications and other terms applicable to the Products as made available on the Platform from time to time, which, in respect of OTC Transactions in Futures, shall include the Futures Trading Rules (as defined in the FSA).