Compensation of DWR. The Customer will pay brokerage commissions to DWR at a roundturn rate (but charged on a half-turn basis) of 80% of DWR's published non-member rates for speculative accounts (which covers both the taking and liquidation of a position), and substantially equivalent rates for currency forward contract transactions in the forward contract and interbank markets. The Customer will pay DWR brokerage commissions for currency forward contract transactions at rates established with reference to the brokerage commission rate charged on exchange-traded currency futures contracts. DWR may from time to time adjust the United States dollar size of currency forward contracts so that the brokerage commission rate charged on such contracts will approximate the rate charged on exchange-traded currency futures contracts of similar United States dollar value. DWR shall also charge the Partnership brokerage commissions for rollovers of forward contract positions.
Appears in 19 contracts
Samples: Customer Agreement (Witter Dean Cornerstone Fund Iv), Customer Agreement (Dean Witter Global Perspective Portfolio L P), Customer Agreement (Witter Dean Cornerstone Fund Iii)
Compensation of DWR. The Customer will pay brokerage commissions to DWR at a roundturn rate (but charged on a half-turn basis) of 80% of DWR's published non-member rates for speculative accounts (which covers both the taking and liquidation of a position), and substantially equivalent rates for currency forward contract transactions in the forward contract and interbank markets. The Customer will pay DWR brokerage commissions for currency forward contract transactions at rates established with reference to the brokerage commission rate charged on exchange-exchange- traded currency futures contracts. DWR may from time to time adjust the United States dollar size of currency forward contracts so that the brokerage commission rate charged on such contracts will approximate the rate charged on exchange-traded currency futures contracts of similar United States dollar value. DWR shall also charge the Partnership brokerage commissions for rollovers of forward contract positions.
Appears in 5 contracts
Samples: And (Columbia Futures Fund), And (Witter Dean Diversified Futures Fund Ii L P), And (Witter Dean Multi Market Portfolio L P)
Compensation of DWR. (a) The Customer will pay brokerage commissions to DWR at a roundturn rate (but charged on a half-turn basis) of 80% of DWR's published non-member rates for speculative accounts (which covers both the taking and liquidation of a position), and substantially equivalent rates for currency forward contract transactions in the forward contract and interbank markets. The Customer will pay DWR brokerage commissions for currency forward contract transactions at rates established with reference to the brokerage commission rate charged on exchange-traded currency futures contracts. DWR may from time to time adjust the United States dollar size of currency forward contracts so that the brokerage commission rate charged on such contracts will approximate the rate charged on exchange-traded currency futures contracts of similar United States dollar value. DWR shall also charge the Partnership brokerage commissions for rollovers of forward contract positions.
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