Common use of Commissions and Other Charges Clause in Contracts

Commissions and Other Charges. 9.1 The following charges may be applicable in respect of Transactions executed on your Account 9.1.1 spread(s); 9.1.2 swap(s); and 9.1.3 commission 9.2 The Company may charge for incidental banking related fees such as wire charges for deposits/withdrawals and may charge monthly fees as notified and posted on the Website. If you direct the Company to fund Margin from funds denominated in a currency other than the Base Currency, the Company will be authorised to convert those funds for Margin and a rate of exchange reasonably determined by the Company and the Company will not be liable to you for any exchange rate loss suffered by you as a result of any such conversion. 9.3 The Company may also charge a dormancy fee for accounts who are inactive for 1 month. Inactivity means no new positions have been opened in this time. The dormancy fee shall be USD10 or 150 Rand depending on the base currency of the Account. The decision whether to charge the client the dormancy fee is the Company’s alone. 9.4 The Company may also charge an administration fee. After 12 consecutive months of non-use (“Annual Inactivity Period”), an administration fee will be deducted from the value of the Customer’s trading account of up to either $100 or 1500Rand. This is to offset the cost incurred in making the service available, even though it may not be used. 9.5 The Company will charge a non-trading fee for those who deposit and withdraw without trading. This non-trading fee will be to cover administrative costs. For the updated “Non trading fee” schedule, you should send an email to xxxxxxx@xxxxxxxxxxxx.xxx

Appears in 5 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Commissions and Other Charges. 9.1 The following charges may be applicable in respect of Transactions executed on your Account 9.1.1 spread(s); 9.1.2 swap(s); and 9.1.3 commission 9.2 The Company may charge for incidental banking related fees such as wire charges for deposits/withdrawals and may charge monthly fees as notified and posted on the Website. If you direct the Company to fund Margin from funds denominated in a currency other than the Base Currency, the Company will be authorised to convert those funds for Margin and a rate of exchange reasonably determined by the Company and the Company will not be liable to you for any exchange rate loss suffered by you as a result of any such conversion. 9.3 The Company may also charge a dormancy fee for accounts who are inactive for 1 month. Inactivity means no new positions have been opened in this time. The dormancy fee shall be USD10 or 150 Rand depending on the base currency of the Account. The decision whether to charge the client the dormancy fee is the Company’s alone. 9.4 The Company may also charge an administration fee. After 12 consecutive months of non-use (“Annual Inactivity Period”), an administration fee will be deducted from the value of the Customer’s trading account of up to either $100 or 1500Rand. This is to offset the cost incurred in making the service available, even though it may not be used. 9.5 The Company will charge a non-trading fee for those who deposit and withdraw without trading. This non-trading fee will be to cover administrative costs. For the updated “Non trading fee” schedule, you should send an email to xxxxxxx@xxxxxxxxxxxx.xxx

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

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Commissions and Other Charges. 9.1 The following charges may be applicable in respect of Transactions executed on your Account 9.1.1 spread(s); 9.1.2 swap(s); and 9.1.3 commission 9.2 The Company may charge for incidental banking related fees such as wire charges for deposits/withdrawals and may charge monthly fees as notified and posted on the Website. If you direct the Company to fund Margin from funds denominated in a currency other than the Base Currency, the Company will be authorised to convert those funds for Margin and a rate of exchange reasonably determined by the Company and the Company will not be liable to you for any exchange rate loss suffered by you as a result of any such conversion. 9.3 The Company may also charge a dormancy fee for accounts who are inactive for 1 month. Inactivity means no new positions have been opened in this time. The dormancy fee shall be USD10 or 150 Rand depending on the base currency of the Account. The decision whether to charge the client the dormancy fee is the Company’s alone. 9.4 The Company may also charge an administration fee. After 12 consecutive months of non-use (“Annual Inactivity Period”), an administration fee will be deducted from the value of the Customer’s trading account of up to either $100 or 1500Rand. This is to offset the cost incurred in making the service available, even though it may not be used. 9.5 The Company will charge a non-trading fee for those who deposit and withdraw without trading. This non-trading fee will be to cover administrative costs. For the updated “Non trading fee” schedule, you should send an email to xxxxxxx@xxxxxxxxxxxx.xxxxxxxxxx@xxxxxxxxxxxxx.xxx

Appears in 1 contract

Samples: Client Agreement

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