Common use of Close-Out Deadline Clause in Contracts

Close-Out Deadline. The Client agrees to close out any open position in OTC Metal Futures by offset three (3) business days prior to the prompt/expiry date of the corresponding exchange registered contract. It is the Client’s responsibility to make themselves aware of the last trading date for such contracts and the prompt/expiry date. If the Client has not closed out any position, IBIE shall have the right to liquidate the Client’s position in the expiring contract, at any time and in any such manner as XXXX xxxxx necessary, without prior notice to the Client.

Close-Out Deadline. The Client agrees to close out any open position in OTC Metal Futures by offset three (3) business days prior to the prompt/expiry date of the corresponding exchange registered contract. It is the Client’s responsibility to make themselves aware of the last trading date for such contracts and the prompt/expiry date. If the Client has not closed out any position, IBIE IBUK shall have the right to liquidate the Client’s position in the expiring contract, at any time and in any such manner as XXXX xxxxx IBUK deems necessary, without prior notice to the Client.

Close-Out Deadline. The Client agrees to close out any open position in OTC Metal Futures by offset three (3) business days prior to the prompt/expiry date of the corresponding exchange registered contract. It is the Client’s responsibility to make themselves aware of the last trading date for such contracts and the prompt/expiry date. If the Client has not closed out any position, IBIE IBLUX shall have the right to liquidate the Client’s position in the expiring contract, at any time and in any such manner as XXXX xxxxx IBLUX deems necessary, without prior notice to the Client.