ENTERING INTO TRANSACTIONS. 3.1 On any Business Day you may request Admiral to quote the rate at which you may enter into a Transaction.
3.2 Immediately upon receiving the quote, you may by the Trading Platform give Admiral your Order for Transaction equivalent to that for which the quote was sought. Receipt by Admiral of your instruction will constitute an offer by you to Admiral to enter into such a Transaction.
3.3 Admiral is under no obligation to accept your offer to enter into a Transaction , and without limitation, is not obliged to accept your offer to enter into a Transaction: (a) if you have exceeded or would exceed a limit applying to you as notified by Admiral; or (b) until Admiral has received the Initial Margin required in respect of that Transaction, in cleared funds.
3.4 The Initial Margin required in respect of a Transaction will be payable immediately when Admiral accepts your offer to enter into a Transaction.
3.5 Admiral may, in its absolute discretion, limit the value of Transactions you may have outstanding under these Terms: beyond which if you decide to enter into any further Transactions , you must seek and obtain credit approval from Admiral; and beyond which you may not enter into any further Transactions.
3.6 Admiral may vary this limit at any time by notice to you.
ENTERING INTO TRANSACTIONS. You may enter into Transactions directly with us, or directly with other users, which may or may not be facilitated by us. We do not represent or warrant that any Transaction will be completed successfully or within a specific time period.
ENTERING INTO TRANSACTIONS. Placing an order
18.1 When you use our Trading Services or Copy Trading Services, you will place an order. An order is any request placed by you with us to purchase or to sell or otherwise deal in financial products, which may include a limit order, stop loss order and/or take profit order or such other order as may be available on the trading platform from time to time. We will then need to accept your order for it to take effect. Please read clause 19 – "Entering into transactions – Modifying your order, cancelling your order, or us not accepting your order" which explains when you might be able to change or cancel your order, as well as when we might not accept your order or cancel your order.
18.2 You can place an order by using our platform. We generally do not accept orders over the phone, but may do so at our discretion.
18.3 We will execute orders that are received from your Global Exchange fx account, and which we reasonably believe are from you, or authorised by you. Please be careful when making an order. If you place orders by accident or in error, for example if you place multiple orders which are the same, we will assume that you did this on purpose and we will execute them without checking this with you.
18.4 Once we accept your order, we will execute it in accordance with any specific instructions that you give. This is called a trade. The instructions which are available on our platform may change from time to time, but may include market orders, limit orders, take profits and stop losses. For more information on how you can place an order, the instructions that you can give, and how we may execute your order, please read our Best Execution and Order Handling Policy.
18.5 We cannot guarantee that your execution price will match your order price, including where you've placed a limit order, take profit and/or stop loss order. This is because the market may be volatile and/or the price may have moved up or down between the time that you place your order (or the time your limit order, take profit and/or stop loss order has been activated) and the time that we execute your order. This is known as slippage. When this happens, we will execute your order at the next best price and in accordance with our Best Execution and Order Handling Policy.
18.6 If you have placed an order during:
(a) times in which the market of the underlying is suspended (for example, during the weekend or at off-market hours, suspension due to market conditions or due to ...
ENTERING INTO TRANSACTIONS. 4.1 As long as your credit limit is not exceeded, you or your nominated cardholder may use their Credit Cards in the following ways, each of which is a ‘transaction’ for the purposes of this agreement:
(a) to pay for goods and services in person by presenting the card to a merchant who has agreed to accept the card and following their instructions to sign or enter a PIN;
(b) to make payments by telephone, internet or post; and
(c) to make cash withdrawals or balance transfers.
4.2 An account operator will need to authorise any transactions. This may include the use of a PIN, card reader, card verification, signature or contactless technology. Once we have authorised a transaction, the transaction cannot be cancelled or stopped. You agree that the amount of any transactions made using the Credit Cards issued to your nominated cardholders may be debited to your account, subject to the provisions of this agreement relating to fraud, loss or misuse of the card.
4.3 The total amount owing under this agreement (including all sums owing in respect of transactions carried out by your nominated cardholders) must not at any time exceed your credit limit. You must also ensure that none of your nominated cardholders exceeds the separate credit limit for the time being notified to you in respect of that cardholder’s card. You must not and must not permit nominated cardholders to use a card after its expiry date or after you receive notice that we have suspended the use of the card(s) or ended this agreement. You must not use, and you must not permit nominated cardholders to use a card to carry out transactions for illegal purposes.
ENTERING INTO TRANSACTIONS. Quotes
17.1 The Global Exchange fx platform will display the indicative price to buy, and the price to sell for each product. This is called a "quote". A quote is not an offer by us to buy or sell any products. We generally do not provide quotes over the phone, but may do so at our discretion.
17.2 We are responsible for setting the price of instruments and products which can be traded on the Global Exchange fx platform. This means that our quotes will be different from the prices provided by other brokers, the market price, as well as the current prices on any exchanges or trading platforms.
17.3 Although, when we provide a quote, we may take into account the price that we receive from a broker, the market, or any exchanges or trading platforms, we are under no obligation to do this, and we are under no obligation to ensure that the quotes which we provide are within any specific percentage of such price.
17.4 If the prices on a market, exchange or trading platform are distorted, for example during a short term price spike, or during pre-market, post-market, or intra-day auction periods, we may reflect similar prices in our quotes, but we are under no obligation to do this.
17.5 When the underlying market or exchange is closed, our quotes may reflect what we believe to be the current bid and ask price of the relevant product or, if you are trading a CFD, the underlying product, at that time, but we are under no obligation to do this.
17.6 Quotes are updated constantly which means that the price to buy or sell may change between the time that you place your order, and the time that we execute your order. We will tell you the price that your order was executed at.
ENTERING INTO TRANSACTIONS. 4.1 As long as your credit limit is not exceeded, you or your nominated cardholder may use their Credit Cards in the following ways, each of which is a ‘transaction’ for the purposes of this agreement:
(a) to pay for goods and services in person by presenting the card to a merchant who has agreed to accept the card and following their instructions to sign or enter a PIN;
(b) to make payments by telephone, internet or post; and
(c) to make cash withdrawals or balance transfers.
ENTERING INTO TRANSACTIONS. Transaction shall be executed upon making concordant declarations of intent by the Parties with regard to the Transaction Terms. Transaction may be executed by telephone or in an electronic form, in particular through the Transaction Platform. Should the Bank wish to amend these Terms and Conditions by introducing an additional form of agreeing on the Transaction terms, the Bank needs only to inform the Customer thereof for such additional form to be effective. The Bank may agree to executing the Transactions by way of offer and acceptance which shall consist in submitting by one of the Parties an offer for entering into a Transaction on specific Transaction Terms. The Party submitting the offer shall specify the type of the offer and its validity date, including in particular the date and exact time of expiry of the offer. Upon submission of the offer, the Parties may reserve that the other Party’s acceptance of the offer shall depend on occurrence of a specific event, in particular occurrence of a specific asset price, currency exchange rate or interest rate on the market. The Customer may withdraw his/her offer, provided that the Bank confirms that the offer has been withdrawn. If the Bank accepts an offer just before its expiry date, information that the offer has been accepted may be made available and sent to the Customer after the expiry of the offer’s deadline. When entering into Transactions, the Parties may agree on the Transaction Terms other than those specified in the Transaction Descriptions, provided that this is expressly specified in the course of agreeing on such Transaction Terms. The Parties may specify the Transaction Terms with regard to the mandatory conditions specified in the given Transaction Description using wording different than that provided in such Transaction Description, including wording used in the trading practice, provided that the respective Transaction Terms defined in such Transaction Description may be attributed to such differently phrased definitions. The persons authorized to enter into the Transactions on behalf of the Customer shall be individuals named by the Customer in the power of attorney contained in the Information Sheet or in a different power of attorney, provided that such power of attorney has been previously delivered to and approved by the Bank. Those authorised to agree on the Transaction Terms on behalf of the Parties shall be identified: with regard to the Customer, if the Transaction Terms are...
ENTERING INTO TRANSACTIONS incurs the risk of loss as well as the prospect of profit; and
ENTERING INTO TRANSACTIONS. (a) Unless otherwise agreed, Seller shall provide the Agent with written notice of any proposed Purchase Date prior to 11:00 a.m. (New York time) one (1) Business Day preceding such Purchase Date (the date on which such notice is given, the "Notice Date"). On the Notice Date, Seller shall request that Buyers enter into a Transaction by furnishing a Transaction Notice to the Agent, which Transaction Notice shall specify the specific terms for such Transaction, including the Purchase Price, the Pricing Rate and the Repurchase Date in respect of such Transaction; provided that in no event shall the Repurchase Date be more than thirty (30) days following the proposed Purchase Date.
(b) Unless otherwise agreed, upon receipt of the Transaction Notice, the Buyers may, from time to time in their sole discretion, cause the Agent to accept the Seller's offer to Seller on behalf of the Buyers by countersigning the Transaction Notice and delivering the same to Seller by no later than 5:30 p.m. (New York time) on the Business Day prior to the requested Purchased Date (a "Confirmed Transaction Notice"); provided, however, if Buyers decline to accept the Seller's offer within such time, such Transaction Notice shall be deemed to be rejected by Buyers and no transaction shall result therefrom unless the Agent on behalf of the Buyers and Seller mutually agree otherwise. Each Confirmed Transaction Notice shall be binding on the parties hereto unless written notice of objection is given by the objecting party to the other party by 12:00 p.m. on the related Purchase Date.
(c) Each Confirmed Transaction Notice, together with this Agreement, shall constitute conclusive evidence of the terms agreed between Buyers and Seller with respect to the Transaction to which the Confirmed Transaction Notice relates, and Seller's acceptance of the related proceeds shall constitute Seller's agreement to the terms of such Confirmed Transaction Notice. It is the intention of the parties that each Confirmed Transaction Notice shall not be separate from this Agreement but shall be made a part of this Agreement. In the event of any conflict between this Agreement and a Confirmed Transaction Notice or between an initial Transaction Notice and a subsequent Confirmed Transaction Notice, the terms of the Confirmed Transaction Notice shall control with respect to the related Transaction.
ENTERING INTO TRANSACTIONS. 8.1 As long as your credit limit is not exceeded, you may use your credit card in the following ways, each of which is a ‘transaction’ for the purposes of this agreement: • to pay for goods and services in person by presenting your card to a merchant who has agreed to accept the card and following their instructions to sign or enter a PIN; • to make payments by telephone, internet or post; and • to make cash withdrawals or balance transfers. Once we have authorised a transaction, the transaction cannot be cancelled or stopped. You agree that the amount of any transactions made using your credit card may be debited to your account, subject to the provisions of this agreement relating to fraud, loss or misuse of the card.
8.2 You must not go over your credit limit, use the card after its expiry date or after you receive notice that we have suspended the use of the card or ended this agreement. You must not use the card to carry out transactions for illegal purposes.
8.3 When you place an order over the internet with organisations that participate in the SecureCode (or any replacement) fraud prevention service, you may be invited to register for the service. If you do not do so, we may not authorise the payment for your order.
8.4 If you carry out any transaction on your account in a currency other than Pounds Sterling, we will convert that transaction into Pounds Sterling using the prevailing rate for the transaction which is set and provided to us by MasterCard. MasterCard’s rates generally reflect either wholesale market rates or rates set by government bodies which are collected by MasterCard as part of its daily rate setting process. Please call us if you would like to find out the rate set and provided to us by MasterCard for any particular day.
8.5 Your monthly statement will include the relevant information about each transaction on your account. We will send your statement electronically to your online banking account, but you can ask us to send you paper statements at any time. We will send an email to your nominated email address to tell you when your statement is ready. If you ask us, we will send you an email to another email address chosen by you. Please see Term 6 for how to contact us.
8.6 You should check your statements when you get or access them and let us know as soon as you can if you think they include anything that appears wrong to you.
