Common use of Benefits – Dividends Clause in Contracts

Benefits – Dividends. An adjustment to your Trading Account may be made in respect of a dividend or distribution attributable to any specific Underlying Asset and shall be calculated by us. Where you hold a Long Position, we adjust your Trading Account in your favor by the dividend multiplied by the long quantity as adjusted, if necessary, for taxation. Where you hold a short position, we adjust your Trading Account in our favor by the dividend multiplied by the sort quantity as adjusted, if necessary, for taxation.

Appears in 5 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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