Common use of Financing component Clause in Contracts

Financing component. The financing component reflects the income and costs that would be incurred in the event of a cor- responding investment in the oÉÑÉêÉåÅÉ fåëíêìãÉåí. Since an investment in futures does not involve the purchase of the reference asset underlying the future but simply consists of entering into a corresponding position in a futures contract, no ex- penditure is incurred for the acquisition of the reference asset underlying the future. Instead, the only requirement is to make a margin payment based on the position entered into in accordance with the rules and regulations of the oÉÑÉêÉåÅÉ bñÅÜ~åÖÉ. The financing costs for the margin pay- ment are reflected in the financing component. The financing component also reflects the income that would be earned from a risk-free investment in line with the strategy of the leverage component and at the relevant fåíÉêÉëí o~íÉ. Additionally, a fee charged by the xxXXx `~äÅìä~íáçå ^ÖÉåí for the calculation and administration of the c~Xxxx xxXXx is added (xxXXx cÉÉ). If the costs of the margin payment and the xxXXx cÉÉ exceed the interest income based on the ap- plicable fåíÉêÉëí o~íÉ on a particular day, the value of the c~Xxxx xxXXx on that day is reduced.