Common use of COST AND PAYMENTS Clause in Contracts

COST AND PAYMENTS. 10.1 All payments to us under this Agreement shall be made in such currency as we may from time to time specify to the bank account designated by us for such purposes. All such payments shall be made by you without any deduction or withholding. 10.2 We may share charges with partners, affiliates, business introducers and agents in connection with Transactions carried out on your behalf. If you require more information on the fees and commissions that we pay to business introducers and other affiliates, inform us and we will provide you with further information. 10.3 A daily financing charge may apply to each FX/CFD open position at the closing of Tradefin's trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to Demetereror it will be paid by Demetererto Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client's Account on the next trading day following the day to which it relates. 10.4 Demetererreserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client's account at the same time as Demetereropens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion. 10.5 Additional Conversion fees apply for Demeterer Online Trading system . Conversion fees will apply only when your account currency is different than the quoted currency of the underlying asset being traded. The fee will be reflected as a percentage of the conversion rate used. This will affect any conversions made on the Used Margin, Profit and Loss, Overnight Rollovers (Financing), CFD Rollovers and adjustments for Corporate Actions. As an example, if the account currency is US Dollars and you open a position on a Euro quoted asset (i.e. Germany30) your Used Margin is converted in US Dollars. The conversion will include a fixed percentage on the conversion rate applicable at the time as a mark-up. 10.6 For Demeterer Online Trading system CFD rollover applies. The future contract on which a CFD is based has an expiration date, and clients will be able to close their CFD positions until this date. In order to ensure continuous trading conditions for the client, when a future contract that a CFD is based on reaches its maturity, the underlying asset of that CFD will be switched to the next maturity of the same futures contract. A calendar of such rollovers is mentioned on our website in section "CFD Expiration Dates". A premium will be either added or subtracted from the client's account, based on the difference in prices between the two futures contracts. Example: If you sell 1 lot EURUSD, you will pay rollover costs on 100.000 Euro, which at the current rate would be $0.017. This rate may vary over time, for actual rates please check the "CFD Expiration Dates" on our website.

COST AND PAYMENTS. 10.1 11.1 All payments to us under this Agreement shall be made in such currency as we may from time to time specify to the bank account designated by us for such purposes. All such payments shall be made by you without any deduction or withholding. 10.2 11.2 We may share charges with partners, affiliates, business introducers and agents in connection with Transactions carried out on your behalf. If you require more information on the fees and commissions that we pay to business introducers and other affiliates, inform us and we will provide you with further information. 10.3 11.3 A daily financing charge may apply to each FX/CFD open position at the closing of Tradefin's trading day as regard to that FX/CFD. If such financing charge is applicable, it will either be requested to be paid by Client directly to Demetereror Demeterer or it will be paid by Demetererto Demeterer to Client, depending on the type of FX/CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of FX/CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client's Account on the next trading day following the day to which it relates. 10.4 Demetererreserves 11.4 Demeter Reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of FX/CFDs to which the financing charge applies. For certain types of FX/CFDs, a commission is payable by Client to open and close FX/CFD positions. Such commission payable will be debited from Client's account at the same time as Demetereropens or closes the relevant FX/CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm's sole discretion. 10.5 11.5 Additional Conversion fees apply for Demeterer Online Trading system . Conversion fees will apply only when your account currency is different than from the quoted currency of the underlying asset being traded. The fee will be reflected as a percentage of the conversion rate used. This will affect any conversions made on the Used Margin, Profit and Loss, Overnight Rollovers (Financing), CFD Rollovers and adjustments for Corporate Actions. As an example, if the account currency is US Dollars and you open a position on a Euro quoted asset (i.e. Germany30) your Used Margin is converted in to US Dollars. The conversion will include a fixed percentage on the conversion rate applicable at the time as a mark-up. 10.6 11.6 For Demeterer Online Trading system CFD rollover applies. The future contract on which a CFD is based has an expiration date, and clients will be able to close their CFD positions until this date. In order to ensure continuous trading conditions for the client, when a future contract that a CFD is based on reaches its maturity, the underlying asset of that CFD will be switched to the next maturity of the same futures contract. A calendar of such rollovers is mentioned on our website in section "CFD Expiration Dates". A premium will be either added or subtracted from the client's account, based on the difference in prices between the two futures contracts. Example: If you sell 1 lot EURUSD, you will pay rollover costs on of 100.000 Euro, which at the current rate would be $0.017. This rate may vary over time, for actual rates please check the "CFD Expiration Dates" on our website.