Common use of Expiry Transactions and Rollover Clause in Contracts

Expiry Transactions and Rollover. We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. • In the event we set an Expiry Date for a specific Underlying Asset, it will be displayed on the Trading Platform in the details link for each Underlying Asset. It is your responsibility to make yourself aware of the Expiry Date and time. • If you do not close an open Transaction with respect to an Underlying Asset which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time. • For Futures Contracts on out Trading Platform we may, at our absolute discretion, set an automatic Rollover to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Website. Where an automatic Rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish to have their positions rolled over onto the next contract should close their positions before the schedule Rollover We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 6 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Expiry Transactions and Rollover. 1. We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. 2. In the event we set an Expiry Date for a specific Underlying Asset, it will be displayed on the Trading Platform in the details link for each Underlying Asset. It is your responsibility to make yourself aware of the Expiry Date and time. 3. • If you do not close an open Transaction with respect to an Underlying Asset which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time. • For Futures Contracts on out our Trading Platform we may, at our absolute discretion, set an automatic Rollover to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websiteclients. Where an automatic Rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish to have their positions rolled over onto the next contract should close their positions before the schedule Rollover scheduled Rollover. We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect affect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 6 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Expiry Transactions and Rollover. 5.1. We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. 5.2. In the event we set an Expiry Date for a specific Underlying Asset, it will be displayed on the Trading Platform in the details link for each Underlying Asset. It is your responsibility to make yourself aware of the Expiry Date and time. 5.3. • If you do not close an open Transaction with respect to an Underlying Asset which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time. • For Futures Contracts on out Trading Platform we may, at our absolute discretion, set an automatic Rollover to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websiteclients. Where an automatic Rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish to have their positions rolled over onto the next contract should close their positions before the schedule Rollover We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect affect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 6 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Expiry Transactions and Rollover. 13.1. We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. 13.2. In the event we set an Expiry Date for a specific Underlying AssetInstrument, it will be displayed on the Trading Platform in the details link for each Underlying Assetspecific Instrument. It You acknowledge that it is your responsibility to make yourself aware of the Expiry Date and time. 13.3. If you do not close an open Transaction with respect to an Underlying Asset Instrument which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time. 13.4. For Futures Contracts certain Instruments on out our Trading Platform that are based on Futures Contracts, we may, at in our sole and absolute discretion, and acting reasonably, decide to set an automatic Rollover to the next tradable contractcontract so that they do not automatically expire, unless you or we close the Position before the Expiry Date, in accordance with the User Agreement. Rollover dates are unique We may, at our sole and absolute discretion, with respect to each type an instrument which has an automatic rollover, amend the date of contract being traded and vary in duration and are notified the automatic rollover. In such circumstances, we will notify you by email, prior to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websitesuch change. Where an automatic Rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity Equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish We may also make a spread adjustment at the time of Rollover. 13.5. When an automatic Rollover occurs, all associated Orders will be rolled over, and their requested levels will be adjusted according to have their positions rolled over onto the next contract should close their positions before difference between the schedule Rollover old and new contracts on a proportionality, as opposed to absolute basis. 13.6. We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available in the instrument tab on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. 13.7. You acknowledge that the trading of certain instruments on the Trading Platform may become volatile or illiquid without warning. In such circumstances, it may not be possible to execute orders on your behalf, particularly in the period shortly before an expiry, usually for instruments based on Futures Contracts and Options. If we determine that it would be in our customers’ best interests, we may switch to a new contract under a different exchange. Such action would normally require an early rollover of the existing contract; but, in some circumstances, we may need to execute an early expiry, in which case you will receive prior notification by email. 13.8. In some circumstances, such as but not limited to, in the event of extremely low liquidity due to pending expiry of an Instrument or where the “Strike Price” of an Option CFD becomes no longer relevant or we stop receiving Bid/Ask prices on a chosen Strike price of an Option, we may, in our sole and absolute discretion, roll your open positions and/or pending orders in some instruments to the next, more liquid contract, or set an earlier expiry date for those Instruments, and settle all open positions at the current rate on the market at the moment of the expiry. 13.9. We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 3 contracts

Samples: User Agreement, User Agreement, User Agreement

Expiry Transactions and Rollover. 13.1 We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. • . 13.2 In the event we set an Expiry Date for a specific Underlying AssetInstrument, it will be displayed on the Trading Platform in the details link for each Underlying Assetspecific Instrument. It You acknowledge that it is your responsibility to make yourself aware of the Expiry Date and time. • Date. 13.3 If you do not close an open Transaction with respect to an Underlying Asset Instrument which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date Date. 13.4 For certain instruments on our platform that are based on Futures Contracts, we may, in our sole and timeabsolute discretion, decide to set an automatic rollover to the next contract period so that they do not automatically expire, unless you or we close the Position before the Expiry Date, in accordance with this Agreement. • For Futures Contracts on out Trading Platform we We may, at our sole and absolute discretion, set with respect to an instrument which has an automatic Rollover rollover, amend the date of the automatic rollover. In such circumstances, we will notify you by email prior to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websitesuch change. Where an automatic Rollover rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity Client Equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish to have their positions rolled over onto We may also make a spread adjustment at the next contract should close their positions before the schedule Rollover time of rollover. 13.5 We may, at in our sole and absolute discretion, with respect to an Instrument which has an automatic Rolloverrollover, remove the automatic Rollover rollover and set back impose an Expiry Date. Such a change will effect affect both new positions and existing open positions. In such circumstances, we We will try to notify you by email prior to such change to any existing trade, howeverchange. However, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available in the instrument tab on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account Trading Account has sufficient cleared funds to meet the margin Margin required on any relevant new trade to be entered into as part of a Rollover. 13.6 When an automatic rollover occurs, all Orders will be rolled over, and their requested levels will be adjusted according to the differences between the old and new contracts, on a proportionality as opposed to absolute basis. 13.7 You acknowledge that the trading of certain instruments on the Trading Platform may become volatile or illiquid without warning. We reserve the right acting reasonably and in accordance with our regulatory obligations In such circumstances, it may not be possible to require you to close out Transactions in a timely manner execute orders on your behalf, particularly in the event period shortly before an expiry, usually for Futures contracts and Options. If we determine that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them outit would be in your interest, we reserve may switch to a new contract under a different Exchange. Such action would normally require an early rollover of the right existing contract; however in some circumstances, we may need to close execute an early expiry, in which case you will receive prior notification by email. 13.8 In some circumstances, such Transactions on your behalf at as but not limited to, pending expiry of an Instrument or where the last available price“Strike Price” of an Option CFD becomes no longer relevant, we may, in our sole and absolute discretion, set an earlier expiry date for those Instruments.

Appears in 2 contracts

Samples: User Agreement, User Agreement

Expiry Transactions and Rollover. 7.1 We may, may in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. In the event event, we set an Expiry Date for a specific Underlying AssetInstrument, it that date will be displayed on the Trading Platform in the details link for each Underlying Assetspecific Instrument. It You agree that it is your responsibility to make yourself aware of the Expiry Date and time. • . 7.2 If you do not close an open Transaction with respect to an Underlying Asset Instrument which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time. • For Futures Contracts . 7.3 Any Orders that are not attached to an open position (Close at Profit, Close at loss, Trailing Stop and Guaranteed stop) will not rollover but rather will expire at the end of the contract period of the proposed Instrument to which it relates. 7.4 You acknowledge that the trading of certain instruments on out the Trading Platform may become volatile or illiquid without warning. In such circumstances, it may not be possible to execute orders on your behalf, particularly in the period shortly before an expiry. 7.5 For certain Future Contracts, we may, at in our sole and absolute discretion, decide to set an automatic Rollover roll over to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websiteso that they do not automatically expire. Where an automatic Rollover rollover occurs, the original open position will remain be closed at or just prior to the Last Dealing Time and become due for settlement and a new position will be opened; such closing and opening trades will be on our normal terms. 7.6 All Orders attached to an open position (Close at Profit, Close at loss, Trailing Stop and continue trading Guaranteed stop) with automatic rollover will also be adjusted on the next contractsame terms unless you cancel such Order prior to the rollover of the Instrument. In these cases, an adjustment Please note that when the Order is rolled over it will also be made to your equity in order adjusted to reflect the difference between the rate current price level of the expired contract Instrument that is the subject to the old Order and the rate corresponding level of the Instrument that is the subject to the new contract. Clients with open positions who do not wish to have their positions rolled over onto the next contract should close their positions before the schedule Rollover We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. Order. 7.7 We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out expire Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 1 contract

Samples: User Agreement

Expiry Transactions and Rollover. 1. We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. 2. In the event we set an Expiry Date for a specific Underlying Asset, it will be displayed on the Trading Platform in the details link for each Underlying Asset. It is your responsibility to make yourself aware of the Expiry Date and time. 3. • If you do not close an open Transaction with respect to an Underlying Asset which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time. • For Futures Contracts on out our Trading Platform we may, at our absolute discretion, set an automatic Rollover to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websiteclients. Where an automatic Rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish to have their positions rolled over onto the next contract should close their positions before the schedule Rollover scheduled Rollover. We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect affect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it thatit is your responsibility to make yourself aware of the specific Instrument details available on the onthe Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 1 contract

Samples: Client Agreement

Expiry Transactions and Rollover. 13.1. We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. 13.2. In the event we set an Expiry Date for a specific Underlying AssetInstrument, it will be displayed on the Trading Platform in the details link for each Underlying Assetspecific Instrument. It You acknowledge that it is your responsibility to make yourself aware of the Expiry Date and time. 13.3. If you do not close an open Transaction with respect to before an Underlying Asset which has an Expiry Date, prior to such Instrument’s Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time, or at a rate that would reflect the underlying market price, as applicable on the Expiry Date and time. 13.4. For Futures Contracts certain Instruments on out our Trading Platform that are based on Futures Contracts, we may, at in our sole and absolute discretion, and acting reasonably, decide to set an automatic Rollover to the next tradable contractcontract so that they do not automatically expire, unless you or we close the Position before the Expiry Date, in accordance with the User Agreement. Rollover dates are unique We may, at our sole and absolute discretion, with respect to each type an instrument which has an automatic rollover, amend the date of contract being traded and vary in duration and are notified the automatic rollover. In such circumstances, we will notify you by email, prior to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websitesuch change. Where an automatic Rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity Equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish We may also make a Spread adjustment at the time of Rollover. 13.5. When an automatic Rollover occurs, all associated Orders will be rolled over, and their requested levels will be adjusted according to have their positions rolled over onto the next contract should close their positions before difference between the schedule Rollover old and new contracts on a proportionality, as opposed to absolute basis. 13.6. We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available in the instrument tab on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account Trading Account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. 13.7. We You acknowledge that the trading of certain instruments on the Trading Platform may be affected or interrupted by conditions in the underlying market, for example when trading in underlying instruments become volatile or illiquid without warning. In such circumstances, it may not be possible to execute orders on your behalf, particularly in the period shortly before an expiry, usually for instruments based on Futures Contracts and Options. In cases where price feeds are not received from our feed providers, we may not be able to quote rates on the Trading Platform and as a result the affected Instruments will appear as temporarily unavailable (i.e. greyed-out) until price feeds will be restored. In certain cases, you may be able to close any open positions (i.e. force close) on such instruments (earlier than the expiry date as applicable) based on the last available rate. If we determine that it would be in our customers’ best interests, we may switch to a new contract under a different exchange. Such action would normally require an early rollover of the existing contract; but, in some circumstances, we may need to execute an early expiry, in which case you will receive prior notification by email. 13.8. In some circumstances, such as but not limited to, in the event of extremely low liquidity due to pending expiry of an Instrument or where the “Strike Price” of an Option CFD becomes no longer relevant or we stop receiving Bid/Ask prices on a chosen Strike price of an Option, we may, in our sole and absolute discretion, roll your open positions and/or pending orders in some instruments to the next, more liquid contract, or set an earlier Expiry Date for those Instruments, and settle all open positions at the current rate on the market at the moment of the expiry, in which case you will receive prior notification by email. 13.9. Notwithstanding the provisions in Sections 10.1 and 10.2 above, we reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 1 contract

Samples: User Agreement

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Expiry Transactions and Rollover. We may, in our sole and absolute discretion, set an Expiry Date and time for a specific InstrumentspecificInstrument. • In the event we set an Expiry Date for a specific Underlying Asset, it will be displayed on the Trading Platform in the details link for each Underlying Asset. It is your responsibility to make yourself aware of the Expiry Date and time. • If you do not close an open Transaction with respect to an Underlying Asset which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time. • For Futures Contracts on out Trading Platform we may, at our absolute discretion, set an automatic Rollover to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Website. Where an automatic Rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish to have their positions rolled over onto the next contract should close their positions before the schedule Rollover We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 1 contract

Samples: Client Agreement

Expiry Transactions and Rollover. 13.1 We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. • . 13.2 In the event we set an Expiry Date for a specific Underlying AssetInstrument, it will be displayed on the Trading Platform in the details link for each Underlying Assetspecific Instrument. It You acknowledge that it is your responsibility to make yourself aware of the Expiry Date and time. • Date. 13.3 If you do not close an open Transaction with respect to an Underlying Asset Instrument which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time. • Date. 13.4 For Futures Contracts certain instruments on out our Trading Platform that are based on Futures Contracts, we may, in our sole and absolute discretion, decide to set an automatic rollover to the next contract period so that they do not automatically expire, unless you or we close the Position before the Expiry Date, in accordance with this User Agreement. We may, at our sole and absolute discretion, set with respect to an Instrument which has an automatic Rollover rollover, amend the date of the automatic rollover. In such circumstances, we will notify you by email prior to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websitesuch change. Where an automatic Rollover rollover occurs, the original position Position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity Client Equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish to have their positions rolled over onto We may also make a spread adjustment at the next contract should close their positions before the schedule Rollover time of rollover. 13.5 We may, at in our sole and absolute discretion, with respect to an Instrument which has an automatic Rolloverrollover, remove the automatic Rollover rollover and set back impose an Expiry Date. Such a change will effect affect both new positions Positions and existing open positionsPositions. In such circumstances, we We will try to notify you by email prior to such change to any existing trade, howeverchange. However, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available in the Instrument tab on the Trading Platform. In respect of a Rollover of an open positionPosition, it is your responsibility to ensure that your trading account Trading Account has sufficient cleared funds to meet the margin Margin required on any relevant new trade to be entered into as part of a Rollover. 13.6 When an automatic rollover occurs, all Orders will be rolled over, and their requested levels will be adjusted according to the differences between the old and new contracts, on a proportional as opposed to absolute basis. 13.7 You acknowledge that the trading of certain Instruments on the Trading Platform may become volatile or illiquid without warning. We reserve the right acting reasonably and in accordance with our regulatory obligations In such circumstances, it may not be possible to require you to close out Transactions in a timely manner execute Orders on your behalf, particularly in the event period shortly before an Expiry Date, usually for Futures Contracts and Options. If we determine that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them outit would be in your interest, we reserve may switch to a new contract under a different Exchange. Such action would normally require an early rollover of the right existing contract; however in some circumstances, we may need to close execute an early expiry, in which case you will receive prior notification by email. 13.8 In some circumstances, such Transactions on your behalf at as but not limited to, pending expiry of an Instrument or where the last available price“Strike Price” of an Option CFD becomes no longer relevant, we may, in our sole and absolute discretion, set an earlier Expiry Date for those Instruments.

Appears in 1 contract

Samples: User Agreement

Expiry Transactions and Rollover. 13.1 We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. • . 13.2 In the event we set an Expiry Date for a specific Underlying AssetInstrument, it will be displayed on the Trading Platform in the details link for each Underlying Assetspecific Instrument. It You acknowledge that it is your responsibility to make yourself aware of the Expiry Date and time. • Date. 13.3 If you do not close an open Transaction with respect to an Underlying Asset Instrument which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date Date. 13.4 For certain instruments on our platform that are based on Futures Contracts, we may, in our sole and timeabsolute discretion, decide to set an automatic rollover to the next contract period so that they do not automatically expire, unless you or we close the Position before the Expiry Date, in accordance with this User Agreement. • For Futures Contracts on out Trading Platform we We may, at our sole and absolute discretion, set with respect to an instrument which has an automatic Rollover rollover, amend the date of the automatic rollover. In such circumstances, we will notify you by email prior to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websitesuch change. Where an automatic Rollover rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish to have their positions rolled over onto We may also make a spread adjustment at the next contract should close their positions before the schedule Rollover time of rollover. 13.5 We may, at in our sole and absolute discretion, with respect to an Instrument which has an automatic Rolloverrollover, remove the automatic Rollover rollover and set back impose an Expiry Date. Such a change will effect affect both new positions Positions and existing open positionsPositions. In such circumstances, we We will try to notify you by email prior to such change to any existing trade, howeverchange. However, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available in the instrument tab on the Trading Platform. In respect of a Rollover rollover of an open positionPosition, it is your responsibility to ensure that your trading account has you have provided us with sufficient cleared funds to meet the margin Margin required on any relevant new trade Transaction to be entered into as part of a Rolloverrollover. 13.6 When an automatic rollover occurs, all Orders will be rolled over, and their requested levels will be adjusted according to the differences between the old and new contracts, on a proportionality as opposed to absolute basis. 13.7 You acknowledge that the market for certain Instruments may become volatile or illiquid without warning. In such circumstances, it may not be possible to open or close Transactions over those Instruments on the Trading Platform at the price or time you specify, particularly in the period shortly before an expiry, in the case of CFDs over Future Contracts and Options. 13.8 In some circumstances, such as but not limited to pending expiry of an Instrument or where the “Strike Price” of an Option CFD becomes no longer relevant, we may, in our sole and absolute discretion, set an earlier expiry date for CFDs over those Instruments. 13.9 We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out terminate Transactions in over a timely manner particular instrument in the event that, that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 1 contract

Samples: User Agreement

Expiry Transactions and Rollover. 13.1. We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. 13.2. In the event we set an Expiry Date for a specific Underlying AssetInstrument, it will be displayed on the Trading Platform in the details link for each Underlying Assetspecific Instrument. It You acknowledge that it is your responsibility to make yourself aware of the Expiry Date and time. 13.3. If you do not close an open Transaction with respect to an Underlying Asset Instrument which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date and time. 13.4. For Futures Contracts certain Instruments on out our Trading Platform that are based on Futures Contracts, we may, at in our sole and absolute discretion, and acting reasonably, decide to set an automatic Rollover to the next tradable contractcontract so that they do not automatically expire, unless you or we close the Position before the Expiry Date, in accordance with the User Agreement. Rollover dates are unique We may, at our sole and absolute discretion, with respect to each type an instrument which has an automatic rollover, amend the date of contract being traded and vary in duration and are notified the automatic rollover. In such circumstances, we will notify you by email, prior to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websitesuch change. Where an automatic Rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity Equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish We may also make a Spread adjustment at the time of Rollover. 13.5. When an automatic Rollover occurs, all associated Orders will be rolled over, and their requested levels will be adjusted according to have their positions rolled over onto the next contract should close their positions before difference between the schedule Rollover old and new contracts on a proportionality, as opposed to absolute basis. 13.6. We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available in the instrument tab on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account Trading Account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. 13.7. You acknowledge that the trading of certain instruments on the Trading Platform may become volatile or illiquid without warning. In such circumstances, it may not be possible to execute orders on your behalf, particularly in the period shortly before an expiry, usually for instruments based on Futures Contracts and Options. If we determine that it would be in our customers’ best interests, we may switch to a new contract under a different exchange. Such action would normally require an early rollover of the existing contract; but, in some circumstances, we may need to execute an early expiry, in which case you will receive prior notification by email. 13.8. In some circumstances, such as but not limited to, in the event of extremely low liquidity due to pending expiry of an Instrument or where the “Strike Price” of an Option CFD becomes no longer relevant or we stop receiving Bid/Ask prices on a chosen Strike price of an Option, we may, in our sole and absolute discretion, roll your open positions and/or pending orders in some instruments to the next, more liquid contract, or set an earlier Expiry Date for those Instruments, and settle all open positions at the current rate on the market at the moment of the expiry. 13.9. We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.

Appears in 1 contract

Samples: User Agreement

Expiry Transactions and Rollover. 13.1 We may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. • . 13.2 In the event we set an Expiry Date for a specific Underlying AssetInstrument, it will be displayed on the Trading Platform in the details link for each Underlying Assetspecific Instrument. It You acknowledge that it is your responsibility to make yourself aware of the Expiry Date and time. • Date. 13.3 If you do not close an open Transaction with respect to an Underlying Asset Instrument which has an Expiry Date, prior to such Expiry Date, the Transaction shall automatically close upon the Expiry Date. The Transaction shall close at a price which will be the last price quoted on the Trading Platform immediately prior to the applicable Expiry Date Date. 13.4 For certain instruments on our platform that are based on Futures Contracts, we may, in our sole and timeabsolute discretion, decide to set an automatic rollover to the next contract period so that they do not automatically expire, unless you or we close the Position before the Expiry Date, in accordance with this Agreement. • For Futures Contracts on out Trading Platform we We may, at our sole and absolute discretion, set with respect to an instrument which has an automatic Rollover rollover, amend the date of the automatic rollover. In such circumstances, we will notify you by email prior to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are notified to clients (for more information please refer to the “Commodity and index rollover information & calculation” available on our Websitesuch change. Where an automatic Rollover rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your equity in order to reflect the difference between the rate of the expired contract and the rate of the new contract. Clients with open positions who do not wish to have their positions rolled over onto We may also make a spread adjustment at the next contract should close their positions before the schedule Rollover time of rollover. 13.5 We may, at in our sole and absolute discretion, with respect to an Instrument which has an automatic Rolloverrollover, remove the automatic Rollover rollover and set back an Expiry Date. Such a change will effect affect both new positions and existing open positions. In such circumstances, we We will try to notify you by email prior to such change to any existing trade, howeverchange. However, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available in the instrument tab on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account Trading Account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. 13.6 When an automatic rollover occurs, all Orders will be rolled over, and their requested levels will be adjusted according to the differences between the old and new contracts, on a proportionality as opposed to absolute basis. 13.7 You acknowledge that the trading of certain instruments on the Trading Platform may become volatile or illiquid without warning. We reserve the right acting reasonably and in accordance with our regulatory obligations In such circumstances, it may not be possible to require you to close out Transactions in a timely manner execute orders on your behalf, particularly in the event that a trading instrument is removed from period shortly before an expiry, usually for Futures contracts and Options. 13.8 In some circumstances, such as but not limited to, pending expiry of an Instrument or where the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out“Strike Price” of an Option CFD becomes no longer relevant, we reserve the right to close such Transactions on your behalf at the last available pricemay, in our sole and absolute discretion, set an earlier expiry date for those Instruments.

Appears in 1 contract

Samples: User Agreement

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