Common use of Commissions and Fees, Interest Charges, Funds Clause in Contracts

Commissions and Fees, Interest Charges, Funds. (i) Information about fees, charges, commissions and minimum applicable to IBIE brokerage and related services (“Costs and Charges”) are delivered to the Client through the IBIE website. Additional information on the estimated effect of Costs and Charges on hypothetical returns is also made available through the IBIE website under ‘Forms and Disclosures’, MiFID II Disclosures. Details of the fees and charges regarding Products issued or originated by third party product manufacturers are disclosed in the documentation of such Products. (ii) The information on Costs and Charges provided to you sets out: (a) the basis of the calculation of our fees; (b) how frequently they are to be paid; and (c) where relevant, whether any other payment is to be received by IBIE in connection with Transactions IBIE carries out for Client in addition to, or instead of, our charges. (iii) Clients of Financial Advisors or Introducing Brokers might have agreed with their Financial Advisor or Introducing Broker a fee schedule applicable to the services provided by that Advisor or Broker in relation to Client’s account (“FA and Broker Costs and Charges”). The FA and Broker Costs and Charges are in addition to the Costs and Charges applied by IBIE for its Services. It is your Financial Advisor or Introducing Broker’s responsibility to notify you of their fee schedule and provide, upon the Client’s request, the annual statement with the aggregated amount of costs and charges applied by the Financial Advisor or the Introducing Broker to the Client’s account. If instructed by your Financial Advisor or Introducing Broker, IBIE will collect from your account and pay to your Financial Advisor or Introducing Broker the corresponding amount of FA and Broker Costs and Charges. IBIE shall not be held liable for any payment made to the Financial Advisor or the Introducing Broker whether consented by you or not. (iv) Costs and Charges are as specified on the Pricing section of the IBIE website unless otherwise agreed in writing by an officer of IBIE. The Client acknowledges that IBIE deducts commissions/fees from the Client’s accounts, which will reduce account equity. Positions will be liquidated if commissions or other charges cause a margin deficiency. Costs and Charges are charged either as a fixed amount or as a percentage depending on the basis for calculation specified on the IBIE website. Changes to Costs and Charges are effective immediately upon any of: posting on the IBIE website or email or other written notice to the Client. IBIE shall pay credit interest to and charge debit interest from the Client at interest rates and terms specified on the IBIE website (see “Interests and Financing” under “Pricing”). Client funds may not be disbursed until after Transactions are settled. Terms and conditions for deposit and withdrawal of funds (including holding periods) are as specified on the IBIE website. (v) IBIE shall pay interest to the Client and shall charge interest to the Client at such interest rates and on credit or debit balances as are then set forth on the IBIE website. IBIE reserves the right, in its sole discretion, to amend its credit and debit interest policies, interest rates and the frequency with which interest is charged, at any time, upon notice made by posting the amended policies or rates on the IBIE website. IBIE reserves the right to charge interest on credit balances on particular currencies if set forth on the IBIE’s website. (vi) IBIE may share commissions, fees or minor non-monetary benefits with associates, introducing agents or other third parties. IBIE is entitled, under the MiFID II Rules, to pay or be paid commissions, fees or minor non-monetary benefits where the relevant commission, fee or minor non-monetary benefit is: (a) designed to enhance the quality of the service that IBIE provides to Clients; and (b) does not impair IBIE’s duty to act honestly, fairly and professionally in accordance with the best interests of our Clients and our obligations under the MiFID II Rules. IBIE shall disclose to the Clients the existence, nature and amount of any relevant commission, fee or minor non-monetary benefit. Where the amount cannot be ascertained, IBIE shall disclose to the Clients the method of calculation of the commission, fee or minor non-monetary benefit. If IBIE receives an inducement which is not permitted under the MiFID II Rules, IBIE will inform the Client of the mechanism(s) for transferring the commission(s), fee(s) or minor non-monetary benefit(s) to the Client.

Commissions and Fees, Interest Charges, Funds. ‌ (i) Information about fees, charges, commissions and minimum applicable to IBIE brokerage and related services (“Costs and Charges”) are delivered to the Client through the IBIE website. Additional information on the estimated effect of Costs and Charges on hypothetical returns is also made available through the IBIE website under ‘Forms and Disclosures’, MiFID II Disclosures. Details of the fees and charges regarding Products issued or originated by third party product manufacturers are disclosed in the documentation of such Products. (ii) The information on Costs and Charges provided to you sets out: (a) the basis of the calculation of our fees; (b) how frequently they are to be paid; and (c) where relevant, whether any other payment is to be received by IBIE in connection with Transactions IBIE carries out for Client in addition to, or instead of, our charges. (iii) Clients of Financial Advisors or Introducing Brokers might have agreed with their Financial Advisor or Introducing Broker a fee schedule applicable to the services provided by that Advisor or Broker in relation to Client’s account (“FA and Broker Costs and Charges”). The FA and Broker Costs and Charges are in addition to the Costs and Charges applied by IBIE for its Services. It is your Financial Advisor or Introducing Broker’s responsibility to notify you of their fee schedule and provide, upon the Client’s request, the annual statement with the aggregated amount of costs and charges applied by the Financial Advisor or the Introducing Broker to the Client’s account. If instructed by your Financial Advisor or Introducing Broker, IBIE will collect from your account and pay to your Financial Advisor or Introducing Broker the corresponding amount of FA and Broker Costs and Charges. IBIE shall not be held liable for any payment made to the Financial Advisor or the Introducing Broker whether consented by you or not. (iv) Costs and Charges are as specified on the Pricing section of the IBIE website unless otherwise agreed in writing by an officer of IBIE. The Client acknowledges that IBIE deducts commissions/fees from the Client’s accounts, which will reduce account equity. Positions will be liquidated if commissions or other charges cause a margin deficiency. Costs and Charges are charged either as a fixed amount or as a percentage depending on the basis for calculation specified on the IBIE website. Changes to Costs and Charges are effective immediately upon any of: posting on the IBIE website or email or other written notice to the Client. IBIE shall pay credit interest to and charge debit interest from the Client at interest rates and terms specified on the IBIE website (see “Interests and Financing” under “Pricing”). Client funds may not be disbursed until after Transactions are settled. Terms and conditions for deposit and withdrawal of funds (including holding periods) are as specified on the IBIE website. (v) IBIE shall pay interest to the Client and shall charge interest to the Client at such interest rates and on credit or debit balances as are then set forth on the IBIE website. IBIE reserves the right, in its sole discretion, to amend its credit and debit interest policies, interest rates and the frequency with which interest is charged, at any time, upon notice made by posting the amended policies or rates on the IBIE website. IBIE reserves the right to charge interest on credit balances on particular currencies if set forth on the IBIE’s website. (vi) IBIE may share commissions, fees or minor non-monetary benefits with associates, introducing agents or other third parties. IBIE is entitled, under the MiFID II Rules, to pay or be paid commissions, fees or minor non-monetary benefits where the relevant commission, fee or minor non-monetary benefit is: (a) designed to enhance the quality of the service that IBIE provides to Clients; and (b) does not impair IBIE’s duty to act honestly, fairly and professionally in accordance with the best interests of our Clients and our obligations under the MiFID II Rules. IBIE shall disclose to the Clients the existence, nature and amount of any relevant commission, fee or minor non-monetary benefit. Where the amount cannot be ascertained, IBIE shall disclose to the Clients the method of calculation of the commission, fee or minor non-monetary benefit. If IBIE receives an inducement which is not permitted under the MiFID II Rules, IBIE will inform the Client of the mechanism(s) for transferring the commission(s), fee(s) or minor non-monetary benefit(s) to the Client.

Commissions and Fees, Interest Charges, Funds. A. Client shall pay to IBKR commissions, fees and interest at the rates and terms specified on the IBKR website unless: (i) Information about fees, charges, commissions and minimum applicable to IBIE brokerage and related services (“Costs and Charges”) are delivered to the Client through the IBIE website. Additional information on the estimated effect of Costs and Charges on hypothetical returns is also made available through the IBIE website under ‘Forms and Disclosures’, MiFID II Disclosures. Details of the fees and charges regarding Products issued or originated by third party product manufacturers are disclosed in the documentation of such Products. (ii) The information on Costs and Charges provided to you sets out: (a) the basis of the calculation of our fees; (b) how frequently they are to be paid; and (c) where relevant, whether any other payment is to be received by IBIE in connection with Transactions IBIE carries out for Client in addition to, or instead of, our charges. (iii) Clients of Financial Advisors or Introducing Brokers might have agreed with their Financial Advisor or Introducing Broker a fee schedule applicable to the services provided by that Advisor or Broker in relation to Client’s account (“FA and Broker Costs and Charges”). The FA and Broker Costs and Charges are in addition to the Costs and Charges applied by IBIE for its Services. It is your Financial Advisor or Introducing Broker’s responsibility to notify you of their fee schedule and provide, upon the Client’s request, the annual statement with the aggregated amount of costs and charges applied by the Financial Advisor or the Introducing Broker to the Client’s account. If instructed by your Financial Advisor or Introducing Broker, IBIE will collect from your account and pay to your Financial Advisor or Introducing Broker the corresponding amount of FA and Broker Costs and Charges. IBIE shall not be held liable for any payment made to the Financial Advisor or the Introducing Broker whether consented by you or not. (iv) Costs and Charges are as specified on the Pricing section of the IBIE website unless otherwise agreed in writing by IBKR (through its Chief Executive Officer or General Counsel); or (ii) a separate commission, fee or interest schedule applies based on Client's relationship to a third party, such as an officer of IBIE. The Client acknowledges that IBIE introducing broker or financial advisor for Client's IBKR account. B. IBKR deducts commissions/commissions and fees from the Client’s Client accounts, which will reduce account equity. Commissions will generally be deducted on the same day as they are earned, which is generally the trade date. Positions will be liquidated (as set forth in Paragraph 16) if commissions or other charges cause a margin deficiency. Costs and Charges are charged either as a fixed amount or as a percentage depending on the basis for calculation specified on the IBIE website. Changes to Costs commissions and Charges fees are effective immediately either upon any of: posting on the IBIE IBKR website or email or other written notice to the Client. IBIE IBKR shall pay credit interest to to, and charge debit interest from the from, Client at interest rates and terms specified published on the IBIE website (see “Interests and Financing” under “Pricing”)IBKR website. Client funds may will not be disbursed until after Transactions transactions are settled. Terms The terms and conditions for that govern the deposit and withdrawal of funds (including holding periods) are as specified on the IBIE IBKR website. C. For certain products, IBKR may offer "tiered" or "unbundled" or "component" commissions where the total commission is based on various component factors (v) IBIE shall pay interest e.g., exchange fees, IBKR fees, etc.). These commission models are not intended to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in these commission schedules may be greater than the costs paid by IBKR to the relevant exchange, regulator, clearinghouse or third party. For example, IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. D. IBKR is not required to compensate Client for any differential tax treatment, and shall charge interest if Client is allocated a substitute payment in lieu of interest, dividends, or other payments, Client understands that such a payment may not be entitled to the Client at such interest rates and on credit same tax treatment. IBKR may allocate payments in lieu of interest, dividends, or debit balances as are then set forth other payments by any mechanism permitted by law. E. Notwithstanding any language to the contrary in this Agreement or on the IBIE website. IBIE reserves the right, in its sole discretion, to amend its IBKR website regarding credit and debit interest policiesinterest, interest rates for a particular currency may be "negative." If the interest rate on funds held in a particular currency is negative, this means Client will be charged a fee at the negative interest rate for positive balances in such currency, and earn interest for negative balances in the frequency with which interest is charged, at any time, upon notice made by posting the amended policies or currency. Client should refer to rates specified on the IBIE website. IBIE reserves the right to charge interest on credit balances on particular currencies if set forth on the IBIE’s IBKR website. (vi) IBIE may share commissions, fees or minor non-monetary benefits with associates, introducing agents or other third parties. IBIE is entitled, under the MiFID II Rules, to pay or be paid commissions, fees or minor non-monetary benefits where the relevant commission, fee or minor non-monetary benefit is: (a) designed to enhance the quality of the service that IBIE provides to Clients; and (b) does not impair IBIE’s duty to act honestly, fairly and professionally in accordance with the best interests of our Clients and our obligations under the MiFID II Rules. IBIE shall disclose to the Clients the existence, nature and amount of any relevant commission, fee or minor non-monetary benefit. Where the amount cannot be ascertained, IBIE shall disclose to the Clients the method of calculation of the commission, fee or minor non-monetary benefit. If IBIE receives an inducement which is not permitted under the MiFID II Rules, IBIE will inform the Client of the mechanism(s) for transferring the commission(s), fee(s) or minor non-monetary benefit(s) to the Client.