CFD Expiration Rollover Sample Clauses

CFD Expiration Rollover. (a) Unless otherwise specified, the underlying instrument of a CFD has an expiration date. However, you should be aware that CFDs are not traded up until the exact expiration date of the underlying instrument. Instead, CFDs are rolled over to the next underlying future price on the last Friday before the official expiration day (except in cases of when it falls on a Friday when the markets are closed). This is known as the “Expiration Rollover”. If there would be any substantial price difference between the two futures, an adjustment will be credited or debited from the balance of your Account (subject to the open position amount of the expiring CFD) (“Adjustment”). (b) This Adjustment will show up in your Account under “Rollover Charge”. You should be aware that the switch between the two future prices of the underlying CFD could involve a substantial price difference. Any existing pending order(s) (stop, limit, entry stop and entry limit) placed on these instruments will be adjusted to symmetrically (point-for-point) reflect the price differences between the expiring contract and the new contract CFD rollover date at 21:00 GMT. To calculate the rollover the Company takes the settlement prices of the two contracts from the relevant official exchange. To reflect the new Future contracts, the automatic rollover will include a charge equivalent to the spread of the CFD. This effectively aligns to the cost that you would have incurred if your CFD position would have been closed on the expiration date and you would open a new CFD position based on the new Futures contract. The spread charge will form part of the adjustment already being performed to reflect the price difference between the expiring Future contract and the new Future contract. (c) JME Financial Services (Pty) Ltd will endeavor to inform customers about any projected expiration of instruments by Popup, email or through the Company’s website. However, JME Financial Services (Pty) Ltd cannot provide adjustment information about an Expiration Rollover before the adjustment occurs. Therefore, Customers with open positions who do not wish to have their positions rolled over into the new tradable contract should close their position(s) and/or cancel orders before the rollover date and open a new position afterwards. (d) The formula used by JME Financial Services (Pty) Ltd for calculating the Adjustment: (i) Platform: [(Lots x Contract Size) x (New Contract – Old Contract Price)] + Overnight Rollover C...
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Related to CFD Expiration Rollover

  • Termination/Expiration Upon termination or expiration of this Lease, Tenant shall, at Tenant's cost, remove any equipment, improvements or storage facilities utilized in connection with any Hazardous Materials and shall clean up, detoxify, repair and otherwise restore the Premises to a condition free of Hazardous Materials, to the extent such condition is caused by Tenant or any assignee or subtenant of Tenant or their respective agents, contractors, employees, licensees or invitees.

  • Data Transfer Upon Termination or Expiration Provider will notify the Division of impending cessation of its business and any contingency plans. Provider shall implement its exit plan and take all necessary actions to ensure a smooth transition of service with minimal disruption to the Division. As mutually agreed upon and as applicable, Provider will work closely with its successor to ensure asuccessful transition to the new equipment, with minimal downtime and effect on the Division, all such work to be coordinated and performed in advance of the formal, transition date.

  • Termination Upon Expiration Date The Trust shall automatically terminate on December 31, 20__ (the "Expiration Date") or earlier pursuant to Section 9.02.

  • Contract Expiration The contract shall expire 120 days after the final services have been rendered.

  • Delivery upon Termination or Expiration No later than the first calendar day after the termination or expiration of the Contract or upon System Agency’s request, Grantee shall deliver to System Agency all completed, or partially completed, Work Product, including any Incorporated Pre-existing Works, and any and all versions thereof. Xxxxxxx’s failure to timely deliver such Work Product is a material breach of the Contract. Grantee will not retain any copies of the Work Product or any documentation or other products or results of Grantee’s activities under the Contract without the prior written consent of System Agency.

  • OFFER EXPIRATION This offer to purchase the Property as outlined in this Agreement shall be deemed revoked, and the Xxxxxxx Money shall be returned, unless this Agreement is signed by Seller and a copy of this Agreement is personally given to the Buyer by , 20 , at : ☐ AM ☐ PM.

  • COMMENCEMENT/EXPIRATION DATE This agreement is executed as of the date of the last signature and is effective through at which time it will expire. The expiration date is the final date for completion of all work activities under this agreement.

  • Lease Expiration Date The last day of the month in which the sixty-sixth (66th) month anniversary of the Lease Commencement Date occurs. 7.4

  • Term; Exercise Upon Expiration This warrant is exercisable in whole or in part, at any time and from time to time on or before the Expiration Date set forth above; provided, however, that if the Company completes its initial public offering within the three-year period immediately prior to the Expiration Date, the Expiration Date shall automatically be extended until the third anniversary of the effective date of the Company’s initial public offering. If this warrant has not been exercised prior to the Expiration Date, this warrant shall be deemed to have been automatically exercised on the Expiration Date by “cashless” conversion pursuant to Section 1.2.

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