Common use of CLOSE OF BUSINESS ACCOUNTING Clause in Contracts

CLOSE OF BUSINESS ACCOUNTING. 13.1 Daily Swaps of Contracts (other than Excepted Contracts) When you hold a Position or Positions overnight (other than an Excepted Contract) they will be rolled to the next Business Day which will result in you paying a Swap Charge or receiving a Swap Benefit. The amount is determined by us and depends on our Swap Rate, being the rates at which you receive or pay interest on Positions that remain open overnight. This is a varying rate dependent upon the applicable rate in the Interbank Rates for the currencies or Bullion, the duration of the rollover period and the size of the Position.

CLOSE OF BUSINESS ACCOUNTING. 13.1 8.6.1 Daily Swaps of Contracts (other than Excepted ContractsFutures CFDs) When you hold a Position or Positions overnight (other than an Excepted ContractFutures CFDs) they will be rolled to the next Business Day which will result in you paying a Swap Charge or receiving a Swap Benefit. The amount is determined by us and depends on our Swap Rate, being the rates at which you receive or pay interest on Positions that remain open overnight. This is a varying rate dependent upon the applicable rate in the Interbank Rates for the currencies or Bullion, the duration of the rollover period and the size of the Position.