Standard Chartered Bank has a worldwide network of over 41 dealing centres and can accept your target or stop loss orders to be monitored around the clock, according to your instructions, thus giving you complete 24-hour coverage of the world's foreign exchange markets. Market conditions are often volatile and it is essential therefore to define the basic terminology.

• Target Orders
  A Target Order is one requiring execution at a rate which is better than the market rate ruling at the time the order is given. At the outset it must be specified whether part execution is acceptable since it may not always be possible to execute sizeable transactions in thin or excessively volatile markets.
  
  
• Stop Loss Orders
  A Stop Loss Order is one requiring execution if the rate weakens to a predetermined level. Because rates often move erratically and excessively, there is no guarantee that a Stop Loss Order will be executed at the stated level. It must be understood, therefore, that execution of the order will then be effected by us at the first rate or rates available thereafter once the determined level has been reached -- provided, of course, that these rates are worse than the stop loss level.
  
  
• Dealing With Another Center
  Arrangements can be made for customers to deal direct with another dealing center outside their local time zone subject to certain criteria being fulfilled. For example, we would require the customer to provide written confirmation that dealings outside normal office hours are permissible together with the names of the persons empowered to commit the company. Orders are accepted by us on a "best endeavors" basis without legal obligation. At all times care is taken to preserve confidentiality. For further information, contact one of our Global Dealing Centres.