NETTING AGREEMENT. 13.1 If on any date the same amounts are payable under this Agreement by each party to the other in the same currency, then, each party's obligations to make payment of any such amount will be automatically satisfied by netting. If the amounts are not in the same currency, the amounts are converted by Tickmill Ltd in accordance with the principles referred to in Clause 11.
13.2 If the aggregate amount that is payable by one party exceeds the aggregate amount that is payable by the other party, then the party by whom the larger aggregate amount is payable shall pay the excess to the other party and the obligations to make payment of each party will be satisfied and discharged.
13.3 If the Client, at any time during the Client relationship, has a negative cash-balance in any Account, Tickmill Ltd is entitled but not obligated to net between the Client's Accounts. The Client shall bear all the charges and any other costs associated with such netting in accordance with the Commissions, Charges & Margin Schedule.
13.4 If the Client relationship is terminated according to Clause 24, the claims that the parties have against each other shall be finally discharged by means of netting (closed). The value of open Contracts shall be determined according to the principles set forth below and the final amount to be paid by one of the parties shall be the difference between the payment obligations of the parties.
13.5 Rates based on which the Contracts shall be closed shall be market rates applicable on the day on which Tickmill Ltd decides to close the Contracts.
13.6 Tickmill Ltd may at its reasonable discretion determine the rates by obtaining an offer from a Market Maker in the asset in question or by applying rates from electronic financial information systems.
13.7 When determining the value of the Contracts to be netted, Tickmill Ltd shall apply its usual spreads and include all costs and other charges.
13.8 This netting agreement shall be binding towards the estate and creditors of the parties to the client relationship.
NETTING AGREEMENT. Supply Partner hereby acknowledges and agrees that Fyber shall have the right to set-off any and all amounts due by Supplier Partner to Fyber or any of its Affiliates, from any amount payable by Fyber or Affiliates to Supply Partner.
NETTING AGREEMENT. 62.1 If on any date the same amounts are payable by a Party to this Agreement to another Party to this Agreement in the same currency, then, each Party’s obligations to make payment of any such amount(s) will be automatically satisfied by ‘netting’.
62.2 If the amounts are not in the same currency, the amounts may be converted in accordance with the principles set forth in Section 50 hereinabove.
62.3 If the aggregate amount that is payable by one Party exceeds the aggregate amount that is payable by the other Party, then the Party by whom the larger aggregate amount is payable shall pay the excess to the other Party and the obligations to make payment of each party will be satisfied and discharged.
62.4 If the client relationship is terminated according to Sections 85, 0 and/or 87 and 88 hereinafter, then the claims that the Parties have against each other shall be finally discharged by means of netting (closed). The value of any open Contracts shall be determined according to the principles set forth below and the final amount to be paid by one of the Parties shall be the difference between the payment obligations of the parties.
62.5 Rates based on which any such Transactions and/or Contracts shall be closed shall be the market rates applicable on the day on which we decide to close such Transactions and/or Contracts. We may, at our reasonable discretion, determine the rates by obtaining an offer from a market maker in the asset in question or by applying rates from electronic financial information systems. When determining the value of any such transactions and/or Contracts to be netted, we shall apply our usual spreads and include all costs and other charges.
62.6 This netting agreement shall be binding on all Parties to this Agreement and on the estate and/or creditors of all Parties to the client relationship under this Agreement.
NETTING AGREEMENT. 58.1 All trades between you and us are entered into in reliance on the fact that this Agreement and all trades form a single agreement between the parties, and that we would not otherwise enter into any trades with you.
58.2 If we exercise our rights under this clause, all payment obligations will be consolidated into a single obligation for us to pay a net sum to you, or for you to pay a net sum to us. If the aggregate amount that is payable by one Party exceeds the aggregate amount that is payable by the other Party, then the Party by whom the larger aggregate amount is payable shall pay the excess to the other Party and the obligations to make payment of each party will be satisfied and discharged.
58.3 This netting agreement shall be binding on all Parties to this Agreement and on the estate and/or creditors of all Parties to the client relationship under this Agreement.
58.4 Where the Company identifies or determines, at its reasonable discretion, that you engaged in any form of arbitrage or abuse, either solely or in connection with other clients of our Company (including but not limited to risk-free profiting), to solely benefit financially without being genuinely interested in trading in the markets and/or taking market risk), it may, at its sole discretion, exercise its rights under this Agreement, without your authorization or prior notice, and close your Open positions and/or close your account, combine and consolidate your Account with any or all other Accounts held in your name with the Company (including any Account that you hold with any Associate of the Company), and set-off against each of your Account’s balance (including profit or losses on Open Positions).
58.5 If the client relationship is terminated, then the claims that the Parties have against each other shall be finally discharged by means of netting (closed). The value of any open Contracts shall be determined according to the principles set forth below and the final amount to be paid by one of the Parties shall be the net difference between the payment obligations of the Parties.
NETTING AGREEMENT. 60.1 If a Party to this Agreement owes the same amount to another Party to this Agreement on the same day, the obligations of each Party to pay any such amount(s) will thereafter be automatically satisfied by 'netting.'
60.2 If the quantities are not in the same currency, they may be converted using the procedures outlined in Section 50 of this document.
60.3 If one Party's aggregate payment obligation exceeds the other Party's aggregate payment obligation, the Party owing the higher aggregate payment obligation shall pay the excess to the other Party, and each party's payment obligations will be satisfied and discharged.
60.4 If the client relationship is dissolved in accordance with Sections 85, 0 and/or 87 and 88 hereof, the Parties' claims against each other are finally discharged by netting (closed). The final amount to be paid by one of the Parties shall be the difference between the payment obligations of the parties, and the value of any open Contracts shall be calculated according to the principles set forth below.
60.5 The market rates applicable on the day we decide to conclude any such Transactions and/or Contracts shall be used to close any such Transactions and/or Contracts. We may determine the rates at our discretion by getting an offer from a market maker in the asset in issue or by using rates from electronic financial information systems. We will apply our customary spreads and add all costs and other charges when assessing the value of any such transactions and/or Contracts to be netted.
60.6 All parties to this Agreement, as well as the estates and/or creditors of all parties to the client relationship under this Agreement, are bound by this netting agreement.
NETTING AGREEMENT. 21.1 All trades between you and us are entered into in reliance on the fact that this Agreement and all trades form a single agreement between the parties, and that we would not otherwise enter into any trades with you.
21.2 If we exercise our rights under this clause, all payment obligations will consolidate into a single obligation for us to pay a net sum to you, or for you to pay a net sum to us.
21.3 If the aggregate amount that is payable by one Party exceeds the aggregate amount that is payable by the other Party, then the Party by whom the larger aggregate amount is payable shall pay the excess to the other Party and the obligations to make payment of each party will be satisfied and discharged.
21.4 Where we identify or determine, at our reasonable discretion, that you engaged in any form of arbitrage or abuse, either solely or in connection with other clients of our company (including but not limited to risk free profiting), to solely benefit financially without being genuinely interested in trading in the markets and/or taking market risk), we may, at our sole discretion, exercise our rights under this Agreement, without your authorization or prior notice and close your Open positions and/or close your Account, combine and consolidate your Account with any or all other Accounts held in your name with the Company (including any Account that you hold with any Associate of the Company) and set-off against each of your Account’s balance and profit or losses on Open Positions.
21.5 If the business relationship is terminated, then the claims that the Parties have against each other shall be finally discharged by means of netting (closed). The value of any open Contracts shall be determined according to the principles set forth below and the final amount to be paid by one of the Parties shall be the difference between the payment obligations of the parties.
21.6 This netting agreement shall be binding on all Parties to this Agreement and on the estate and/or creditors of all Parties to the client relationship under this Agreement.
NETTING AGREEMENT. 13.1 If on any date the same amounts are payable under this Agreement by each party to the other in the same currency, then, each party's obligations to make payment of any such amount will be automatically satisfied by netting. If the amounts are not in the same currency, the amounts are converted by GRAND CAYMAN CAPITAL LTD in accordance with the principles referred to in Clause 11.
13.2 If the aggregate amount that is payable by one party exceeds the aggregate amount that is payable by the other party, then the party by whom the larger aggregate amount is payable shall pay the excess to the other party and the obligations to make payment of each party will be satisfied and discharged.
13.3 If the Client, at any time during the Client relationship, has a negative cash-balance in any Account, GRAND CAYMAN CAPITAL LTD is entitled but not obligated to net between theClient's Accounts. The Client shall bear all the charges and any other costs associated with such netting in accordance with the Commissions, Charges & Margin Schedule.
13.4 If the Client relationship is terminated according to Clause 24, the claims that the parties have against each other shall be finally discharged by means of netting (closed). The value of open Contracts shall be determined according to the principles set forth below and the final amount to be paid by one of the parties shall be the difference between the payment obligations of the parties.
13.5 Rates based on which the Contracts shall be closed shall be market rates applicable on the day on which GRAND CAYMAN CAPITAL LTD decides to close the Contracts.
13.6 GRAND CAYMAN CAPITAL LTD may at its reasonable discretion determine the rates by obtaining an offer from a Market Maker in the asset in question or by applying rates from electronic financial information systems.
13.7 When determining the value of the Contracts to be netted, GRAND CAYMAN CAPITAL LTD shall apply its usual spreads and include all costs and other charges.
13.8 This netting agreement shall be binding towards the estate and creditors of the parties to the client relationship.
NETTING AGREEMENT. 13.1 If on any date the same amounts are payable under this Agreement by each party to the other in the same currency, then, each party's obligations to make payment of any such amount will be automatically satisfied by netting. If the amounts are not in the same currency, the amounts are converted by Pacific Union Limited in accordance with the principles referred to in Clause 11.
13.2 If the aggregate amount that is payable by one party exceeds the aggregate amount that is payable by the other party, then the party by whom the larger aggregate amount is payable shall pay the excess to the other party and the obligations to make payment of each party will be satisfied and discharged.
13.3 If the Client, at any time during the Client relationship, has a negative cash- balance in any Account, Pacific Union Limited is entitled but not obligated to net between the Client's Accounts. The Client shall bear all the charges and any other costs associated with such netting in accordance with the Commissions, Charges & Margin Schedule.
13.4 If the Client relationship is terminated according to Clause 24, the claims that the parties have against each other shall be finally discharged by means of netting (closed). The value of open Contracts shall be determined according to the principles set forth below and the final amount to be paid by one of the parties shall be the difference between the payment obligations of the parties.
13.5 Rates based on which the Contracts shall be closed shall be market rates applicable on the day on which Pacific Union Limited decides to close the Contracts.
13.6 Pacific Union Limited may at its reasonable discretion determine the rates by obtaining an offer from a Market Maker in the asset in question or by applying rates from electronic financial information systems.
13.7 When determining the value of the Contracts to be netted, Pacific Union Limited shall apply its usual spreads and include all costs and other charges.
13.8 This netting agreement shall be binding towards the estate and creditors of the parties to the client relationship.
NETTING AGREEMENT. 339. General rule
NETTING AGREEMENT. 4.2.4.1 Netting by Novation: Each transaction between Client and IB UK will immediately be netted with all then existing transactions between Client and IB UK for the same currencies to constitute one transaction.
