Long FX Contracts Sample Clauses

Long FX Contracts. If you are long on a FX Contract where the bought currency interest rates are higher than the sold currency interest rates you will receive interest at the AxiCorp Swap Rate if you hold the Position overnight and do not close it before the settlement time. This is because you are holding the higher yielding currency. On the other hand, if you are long on a FX Contract where the bought currency interest rates are lower than the sold currency interest rates then you will pay interest at the Ax i C o r p Swap Rate if you hold the Position overnight and do not close it before the settlement time. This is because you are holding the lower yielding currency
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Related to Long FX Contracts

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