The examples provided in the Global Code are intended to illustrate the principles and situations in which the principles could apply. [As the GFXC continues its work to maintain the Code in the context of an evolving foreign exchange market, additional illustrative examples may be shared on the GFXC website in advance of being incorporated into the next version of the FX Global Code.] The examples are highly stylised and are not intended as, nor should be understood or interpreted as, precise rules or prescriptive or comprehensive guidance. Moreover, the examples are not intended to provide safe harbour nor are they an exhaustive list of situations that can arise; in fact, it is expressly understood that facts and circumstances can and will vary. In some examples, specific market roles are used to make the example more realistic but the illustrated behavior applies to all Market Participants.
The examples are grouped under leading principles based on the key principle that is being i
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