Common use of Commissions, Spreads Clause in Contracts

Commissions, Spreads. IBIE will charge a commission for OTC Precious Metals transactions, in the amount specified on the IBIE website, and will deduct commissions as described in this Agreement. IBIE, and/or its affiliates or third parties with or through whom IBIE may hedge or effect its Precious Metals trade with you, may also earn a "bid- ask spread" on the Precious Metals transaction (meaning that you may pay a higher price to buy the Precious Metal or receive a lower price to sell the Precious Metal compared to the market prices for the Precious Metal or compared to prices offered for the Precious Metal by other dealers). Margin for OTC Precious Metals: a. OTC Precious Metals transactions are subject to the IBIE Margin Policies described in this Agreement. Margin Requirements for Precious Metals will be calculated based on risk models utilised in IBIE's sole discretion. IBIE may modify Margin Requirements for any Precious Metal or all Precious Metals for any open or new positions at any time, in IBIE's sole discretion. b. The Client shall monitor their account so that at all times (including intra-day) the account contains sufficient equity to meet Margin Requirements. IBIE generally will not issue margin calls and generally will not allow any grace period in the Client's account for the Client to meet intraday or other margin deficiencies. IBIE is authorised to liquidate Precious Metals and other account positions immediately in order to satisfy Margin Requirements without prior notice.

Commissions, Spreads. IBIE IBLUX will charge a commission for OTC Precious Metals transactions, in the amount specified on the IBIE IBLUX website, and will deduct commissions as described in this Agreement. IBIEIBLUX, and/or its affiliates or third parties with or through whom IBIE IBLUX may hedge or effect its Precious Metals trade with you, may also earn a "bid- “bid-ask spread" ” on the Precious Metals transaction (meaning that you may pay a higher price to buy the Precious Metal or receive a lower price to sell the Precious Metal compared to the market prices for the Precious Metal or compared to prices offered for the Precious Metal by other dealers). Margin for OTC Precious Metals: a. (a) OTC Precious Metals transactions are subject to the IBIE IBLUX Margin Policies described in this Agreement. Margin Requirements for Precious Metals will be calculated based on risk models utilised in IBIE's IBLUX’s sole discretion. IBIE IBLUX may modify Margin Requirements for any Precious Metal or all Precious Metals for any open or new positions at any time, in IBIE's IBLUX’s sole discretion. b. (b) The Client shall monitor their account so that at all times (including intra-day) the account contains sufficient equity to meet Margin Requirements. IBIE IBLUX generally will not issue margin calls and generally will not allow any grace period in the Client's ’s account for the Client to meet intraday or other margin deficiencies. IBIE IBLUX is authorised to liquidate Precious Metals and other account positions immediately in order to satisfy Margin Requirements without prior notice.

Commissions, Spreads. IBIE IB UK will charge a commission for OTC Precious Metals transactions, in the amount specified on the IBIE IB UK website, and will deduct commissions as described in this Agreement. IBIEIB UK, and/or its affiliates or third parties with or through whom IBIE IB UK may hedge or effect its Precious Metals trade with you, may also earn a "bid- bid-ask spread" on the Precious Metals transaction (meaning that you may pay a higher price to buy the Precious Metal or receive a lower price to sell the Precious Metal compared to the market prices for the Precious Metal or compared to prices offered for the Precious Metal by other dealers). Margin for OTC Precious Metals: a. 12.2.8.1 OTC Precious Metals transactions are subject to the IBIE IB UK Margin Policies described in this Agreement. Margin Requirements for Precious Metals will be calculated based on risk models utilised in IBIEIB UK's sole discretion. IBIE IB UK may modify Margin Requirements for any Precious Metal or all Precious Metals for any open or new positions at any time, in IBIEIB UK's sole discretion. b. The 12.2.8.2 Client shall monitor their account so that at all times (including intra-day) the account contains sufficient equity to meet Margin Requirements. IBIE IB UK generally will not issue margin calls and generally will not allow any grace period in the Client's account for the Client to meet intraday or other margin deficiencies. IBIE IB UK is authorised to liquidate Precious Metals and other account positions immediately in order to satisfy Margin Requirements without prior notice.

Commissions, Spreads. IBIE XXXX will charge a commission for OTC Precious Metals transactions, in the amount specified on the IBIE IBUK website, and will deduct commissions as described in this Agreement. IBIEIBUK, and/or its affiliates or third parties with or through whom IBIE IBUK may hedge or effect its Precious Metals trade with you, may also earn a "bid- bid-ask spread" on the Precious Metals transaction (meaning that you may pay a higher price to buy the Precious Metal or receive a lower price to sell the Precious Metal compared to the market prices for the Precious Metal or compared to prices offered for the Precious Metal by other dealers). Margin for OTC Precious Metals: a. 12.2.7.1 OTC Precious Metals transactions are subject to the IBIE IBUK Margin Policies described in this Agreement. Margin Requirements for Precious Metals will be calculated based on risk models utilised in IBIEIBUK's sole discretion. IBIE IBUK may modify Margin Requirements for any Precious Metal or all Precious Metals for any open or new positions at any time, in IBIEIBUK's sole discretion. b. 12.2.7.2 The Client shall monitor their account so that at all times (including intra-day) the account contains sufficient equity to meet Margin Requirements. IBIE IBUK generally will not issue margin calls and generally will not allow any grace period in the Client's account for the Client to meet intraday or other margin deficiencies. IBIE XXXX is authorised to liquidate Precious Metals and other account positions immediately in order to satisfy Margin Requirements without prior notice.