Common use of INTEREST CHARGES ON OPEN MARGIN FX POSITIONS Clause in Contracts

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit determined by Moonance in accordance with this clause: i. if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) Swap Charges or Swap Credits and Moonance’ transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by Moonance VGP in accordance with this clause: i. (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap RateSwapRate, Moonance VGP must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. ; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. (b) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance VGP must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. (c) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) Swap Charges or Swap Credits and Moonance’ transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit determined by Moonance Axel Private Market Limited in accordance with this clause: i. (i) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance Axel Private Market Limited must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (ii. ) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance Axel Private Market Limited interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (iii. ) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance Axel Private Market Limited must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (iv. ) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance Axel Private Market Limited interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) . Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) . Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance Xxxx Private Market Limited a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) . Swap Charges or Swap Credits and Moonance’ Axel Private Market Limited’s transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) . No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit determined by Moonance IOTA Markets in accordance with this clause: i. (i) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance IOTA Markets must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (ii. ) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance IOTA Markets interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (iii. ) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance IOTA Markets must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (iv. ) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance IOTA Markets interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) . Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) . Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance IOTA Markets a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) . Swap Charges or Swap Credits and Moonance’ IOTA Markets’s transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) . No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by Moonance Equity Advisers in accordance with this clause: i. (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance Equity Advisers must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. (b) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance Equity Advisers interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. (c) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance Equity Advisers must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. (d) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance Equity Advisers interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) Swap Charges or Swap Credits and Moonance’ transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit determined by Moonance Global Femic Services Limited in accordance with this clause: i. if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance Global Femic Services Limited must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance Global Femic Services Limited interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance Global Femic Services Limited must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance Global Femic Services Limited interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) . Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) . Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance Global Femic Services Limited a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) . Swap Charges or Swap Credits and Moonance’ Global Femic Services Limited’s transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) . No Swap Charge, Swap Credit Credit, or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by Moonance Xxxx Private Capital in accordance with this clause: i. (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance Xxxx Private Capital must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. (b) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance Xxxx Private Capital interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. (c) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance Xxxx Private Capital must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. (d) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance Xxxx Private Capital interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) Swap Charges or Swap Credits and Moonance’ transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by Moonance HoldingFx in accordance with this clause: i. (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance HoldingFx must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. (b) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance HoldingFx interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. (c) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance HoldingFx must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. (d) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance HoldingFx interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) Swap Charges or Swap Credits and Moonance’ transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit determined by Moonance Xxxx Xxxxx in accordance with this clause: i. if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance Rich Smart must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance Rich Smart interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance Rich Smart must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance Rich Smart interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) . Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) . Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance Xxxx Xxxxx a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) . Swap Charges or Swap Credits and Moonance’ Xxxx Xxxxx’x transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) . No Swap Charge, Swap Credit Credit, or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by Moonance in ZHGin accordance with this clause: i. (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap RateSwapRate, Moonance ZHG must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. ; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance ZHG interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. (b) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance must ZHGmust pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. (c) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance ZHG interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) Swap Charges or Swap Credits and Moonance’ transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by Moonance VGP in accordance with this clause: i. (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance VGP must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. ; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. (b) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance VGP must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. (c) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) Swap Charges or Swap Credits and Moonance’ transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. a) 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by Moonance UM in accordance with this clause: i. (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell Swap Rate, Moonance UM must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ii. ; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Moonance UM interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; iii. (b) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, Moonance UM must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and iv. (c) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay Moonance UM interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. b) 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) Swap Charges or Swap Credits and Moonance’ transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.