Common use of Closing a CFD Contract Clause in Contracts

Closing a CFD Contract. To close a CFD Contract in whole or in part You must enter into a second CFD Contract in relation to the same Reference Asset as the first CFD Contract but You must sell if the first CFD Contract was a purchase and you must purchase if the first CFD Contract was a sell. XXXXX.xxx Canada will treat your order to open a new position as an instruction to close the existing position to the extent of the size of the new position. If the new position is greater in size than the first position then the first position will be closed in full and a CFD Contract opened in relation to the excess size of the new position.