INTEREST ON ACCOUNT. The company shall not be obliged to pay interest to the customer on any funds which the company holds. The customer waives all rights and entitlements to interest earned on the account.
INTEREST ON ACCOUNT. We may charge, and you shall pay if so charged, interest at the Interest Rate on any debit balances on the Account, arising as a result of your non-payment by the due date of any amount payable to us under this agreement. Such interest will be calculated daily.
INTEREST ON ACCOUNT. We are not be obliged to pay interest to the customer on any funds which we hold. You waive all rights and entitlements to interest earned on your Account.
INTEREST ON ACCOUNT. We will not pay interest on the credit balance in your Account. We are entitled to retain all interest earned on such credit balances. Commissions We may receive and charge Commissions in relation to our Products. The details of any Commissions that we will receive and/or charge you are set out in our Trading Platform, and you must read these details carefully before entering into a Contract with us. You acknowledge that we may pay commissions to third parties in relation to your Account or your dealings with us. Where required under the Applicable Laws we will disclose to you or otherwise seek your consent for payment of such commissions. Please refer to the PDS and FSG for further details.
INTEREST ON ACCOUNT. We will not pay interest on the credit balance in your Account. We are entitled to retain all interest earned on such credit balances.
INTEREST ON ACCOUNT. All interest earned in respect of the Account together with resident withholding tax deducted therefrom (if any) will, at intervals of not less than one month, be divided between the Retailer and the Distributor in proportion to the amounts in the Account held by the Retailer on its own account, and on trust for the Distributor, and the periods for which those amounts were held. The Retailer will, at intervals of not less than one month, cause to be paid to the Distributor an amount equal to the D istributor’s share of interest earned on the Account (net of resident withholding tax, if any), calculated in accordance with the preceding sentence and will at the same time provide to the Distributor details of the calculation of the amount of such payment.
INTEREST ON ACCOUNT. If the Retailer does not pay the amount due to the Distributor by the due date under clause 6.11.6 in respect of any week, all interest earned in respect of the Account together with resident withholding tax deducted therefrom (if any) will, at intervals of not less than one week, be divided between the Retailer and the Distributor in proportion to the amounts in the Account held by the Retailer on its own account, and on trust for the Distributor and the periods for which those amounts were held. The Retailer will, at intervals of not less than one month, cause to be paid to the Distributor an amount equal to the Distributor’s share of interest earned on the Account net of resident withholding tax (if any), calculated in accordance with the preceding sentence and will at the same time provide to the Distributor details of the calculation of the amount of such payment.
INTEREST ON ACCOUNT. (a) All interest earned in respect of the Account together with resident withholding tax deducted therefrom (if any) will, at intervals of not less than one month, be divided between the Retailer and the Distributor in proportion to the amounts in the Account held by the Retailer on its own account, and on trust for the Distributor, and the periods for which those amounts were held. The Retailer will, at intervals of not less than one month, cause to be paid to the Distributor an amount equal to the D istributor’s share of interest earned on the Account (net of resident withholding tax, if any), calculated in accordance with the preceding sentence and will at the same time provide to the Distributor details of the calculation of the amount of such payment.
(b) Where resident withholding tax has been deducted from interest the Retailer will ensure that the Distributor receives all necessary information and documentation to claim a credit for the resident withholding tax.
INTEREST ON ACCOUNT. (a) If the Retailer does not pay the amount due to the Distributor by the due date under clause 6.11.6 in respect of any week, all interest earned in respect of the Account together with resident withholding tax deducted therefrom (if any) will, at intervals of not less than one week, be divided between the Retailer and the Distributor in proportion to the amounts in the Account held by the Retailer on its own account, and on trust for the Distributor and the periods for which those amounts were held. The Retailer will, at intervals of not less than one month, cause to be paid to the Distributor an amount equal to the Distributor’s share of interest earned on the Account net of resident withholding tax (if any), calculated in accordance with the preceding sentence and will at the same time provide to the Distributor details of the calculation of the amount of such payment.
(b) Where resident withholding tax has been deducted from interest the Retailer will ensure that the Distributor receives all necessary information and documentation to claim a credit for the resident withholding tax.
INTEREST ON ACCOUNT. We will not pay interest on the credit balance in your Account. We are entitled to retain all interest earned on such credit balances. If there is a debit balance in your Account after the Total Margin Requirements for the open Contracts valued in the Base Currency have been taken into account, (i.e. you owe money to meet the Margin Requirement on the relevant currency ledger), you will pay us interest on the debit balance. Further, if you fail to make any payment required under the Agreements when it falls due, interest will be charged (and you will pay interest) on the outstanding sum. The relevant rates of interest will be 3% over the cash rate of the Reserve Bank of Australia (or of such monetary authority as may replace it) per annum or as otherwise determined by us at our discretion. Any amounts of interest payable to us will be deducted from any interest payable to you. Interest accrues and is calculated daily from the date payment was due until the date you pay in full and is compounded.
