Common use of Expiry Transactions and Rollover Clause in Contracts

Expiry Transactions and Rollover. 34.1. Expiry dates in CFDs trades linked to the market price of a certain base asset, including the market price of future contracts shall be handled as follows: A few days prior to the expiration date of the base asset to which the CFD is linked, the base asset shall be replaced with another asset, and the quotation of the CFD shall change accordingly. 34.2. For certain Financial Instruments on our Trading Platform that are based on CFDs, we may, in our sole and absolute discretion, set an expiry date and time for a specific Financial Instrument. Information concerning the expiration date for each Financial Instrument is displayed on the Trading Platform. 34.3. In the event we set an expiry date for a specific Financial Instrument, it will be displayed on the Trading Platform in the details link for each specific Financial Instrument. You acknowledge that it is your responsibility to make yourself aware of the expiry date and time for each of your Financial Instruments. 34.4. If you do not close an open Transaction with respect to a Financial 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 each such Financial Instrument.

Appears in 3 contracts

Samples: Terms and Conditions, Terms & Conditions, Terms & Conditions

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Expiry Transactions and Rollover. 34.131.1. Expiry dates in CFDs trades linked to the market price of a certain base asset, including the market price of future contracts shall be handled as follows: A few days prior to the expiration date of the base asset to which the CFD is linked, the base asset shall be replaced with another asset, and the quotation of the CFD shall change accordingly. 34.231.2. For certain Financial Instruments on our Trading Platform that are based on CFDs, we may, in our sole and absolute discretion, set an expiry date and time for a specific Financial Instrument. Information concerning the expiration date for each Financial Instrument is displayed on the Trading Platform. 34.331.3. In the event we set an expiry date for a specific Financial Instrument, it will be displayed on the Trading Platform in the details link for each specific Financial Instrument. You acknowledge that it is your responsibility to make yourself aware of the expiry date and time for each of your Financial Instruments. 34.431.4. If you do not close an open Transaction with respect to a Financial 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 each such Financial Instrument.

Appears in 1 contract

Samples: Terms and Conditions

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