Common use of Closure: Long and Short Contract Clause in Contracts

Closure: Long and Short Contract. If you are long and short on a FX Contract, with effect immediately after Close of Business on the Closing Date, we will close the relevant long and short Positions and record in your account the balance, if any, of your then outstanding long or short Position, as appropriate. If there is more than one Position in relation to the particular Underlying Instrument, we may close out whatever Position we consider appropriate.

Closure: Long and Short Contract. If you are long and short on a Margin FX Contract, with effect immediately after Close of Business on the Closing Date, we will close the relevant long and short Positions and record in your account the balance, if any, of your then outstanding long or short PositionPosition in the Contract, as appropriate. If there is more than one Position in relation to the particular Underlying Instrument, we may close out whatever Position we consider appropriate.