Common use of Financing Charge Clause in Contracts

Financing Charge. Share CFDs for account types with Swap or Rollover options (a) Where you are the Long Party in a Share CFD on an Interest-Bearing account and interest is payable by you (Financing Charge) we will debit from the Account an amount equivalent to the overnight interest to the next Business Day equal to the Relevant Interest Rate plus the relevant Interest Percentage on the Contract Value. Such debit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practice) up to and including the settlement date. (b) Where you are the Short Party in a Share CFD on an Interest-Bearing account and interest is payable to you (Financing Benefit) we will credit to the Account an amount equivalent to overnight interest to the next Business Day equal to the Relevant Interest Rate minus the relevant Interest Percentage on the Contract Value. Such credit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practice) up to and including the settlement date.

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Financing Charge. Share CFDs for account types with Swap SWAP or Rollover optionsop�ons (a) Where you are the Long Party in a Share CFD on an Interest-Bearing account and interest is payable by you (Financing Charge) we will debit from the Account an amount equivalent to the overnight interest to the next Business Day equal to the Relevant Interest Rate plus the relevant Interest Percentage on the Contract Value. Such debit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practiceprac�ce) up to and including the settlement se�lement date. (b) Where you are the Short Party in a Share CFD on an Interest-Bearing account and interest is payable to you (Financing BenefitBenefit) we will credit to the Account an amount equivalent to overnight interest to the next Business Day equal to the Relevant Interest Rate minus the relevant Interest Percentage on the Contract Value. Such credit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practiceprac�ce) up to and including the settlement se�lement date.

Appears in 1 contract

Samples: Client Agreement

Financing Charge. Share CFDs for account types with Swap or Rollover optionsoptions‌ (a) Where you are the Long Party in a Share CFD on an Interest-Bearing account and interest is payable by you (Financing Charge) we will debit from the Account an amount equivalent to the overnight interest to the next Business Day equal to the Relevant Interest Rate plus the relevant Interest Percentage on the Contract Value. Such debit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practice) up to and including the settlement date. (b) Where you are the Short Party in a Share CFD on an Interest-Bearing account and interest is payable to you (Financing Benefit) we will credit to the Account an amount equivalent to overnight interest to the next Business Day equal to the Relevant Interest Rate minus the relevant Interest Percentage on the Contract Value. Such credit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practice) up to and including the settlement date.

Appears in 1 contract

Samples: Client Agreement

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Financing Charge. Share CFDs for account types with Swap SWAP or Rollover options (a) Where you are the Long Party in a Share CFD on an Interest-Bearing account and interest is payable by you (Financing Charge) we will debit from the Account an amount equivalent to the overnight interest to the next Business Day equal to the Relevant Interest Rate plus the relevant Interest Percentage on the Contract Value. Such debit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practice) up to and including the settlement date. (b) Where you are the Short Party in a Share CFD on an Interest-Bearing account and interest is payable to you (Financing Benefit) we will credit to the Account an amount equivalent to overnight interest to the next Business Day equal to the Relevant Interest Rate minus the relevant Interest Percentage on the Contract Value. Such credit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practice) up to and including the settlement date.

Appears in 1 contract

Samples: Client Agreement

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