Common use of PAYMENTS AND SET-OFF Clause in Contracts

PAYMENTS AND SET-OFF. 19.1 Upon completing a Transaction, and subject to any applicable adjustments for Overnight Funding as set forth in this Agreement: 19.1.1 You shall be liable for the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. 19.1.2 You shall receive the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 19.2 Unless we agree otherwise, all sums for which you are liable pursuant to Section 19.1 are due immediately upon the closing price of your Transaction being determined by us and the Transaction being closed. 19.3 You hereby authorise us to automatically withdraw from the designated client money account, and to make a corresponding deduction to the balance of your Trading Account, the amounts for which you are liable pursuant to Section 19.1 upon the closing of a Transaction, or for any other amounts due by you under this Agreement, without further notice. Any failure to enforce our rights hereunder shall not be deemed a waiver by us to enforce our rights hereunder. 19.4 Subject to any amounts for which you are liable under this Agreement and the amount of the Maintenance Margin required in your Trading Account in accordance with this Agreement due to open Transactions, any money standing to the credit of your Trading Account will be remitted to you upon your request subject to our minimum withdrawal amount. Where you do not make such a request, we will be under no obligation to, but may, in our absolute discretion, remit such monies to you. All bank charges incurred by us in relation to remitting funds to you howsoever arising will be deducted from your Trading Account. The manner in which we remit monies to you will be in our absolute discretion. We may require payments to you go to an account in your name and from which you originally remitted funds to us and may request evidence from you that such an account is in your name before effecting such payment. We may remit funds back to the payment method used for the deposit. You can make five (5) withdrawals from your Trading Account each month. For each subsequent withdrawal you request, we reserve the right to charge you a fee of $10USD (or equivalent in the base currency) per withdrawal. Withdrawals via bank transfer may incur a charge of up to $6USD due to bank processing charges. 19.4.1 All account withdrawal requests are subject to a minimum withdrawal amount. The minimum withdrawal amount for PayPal and Skrill is $50USD (or equivalent in the base currency). The minimum withdrawal amount for bank transfers and credit cards is $100USD (or equivalent in the base currency). Processing a withdrawal request of less than the minimum withdrawal amount will incur a fee of $10USD (or equivalent in the base currency). 19.4.2 Where you wish to close your account and have funds remaining, please note that funds returned via Credit Card (where your Credit Card is able to process refunds) do not incur an additional fee (or the fee is minimal and will be absorbed by us in these instances). However, where funds are returned via other methods (e.g. Bank Transfer, PayPal, etc.) a fee of $10USD (or equivalent in the base currency) will be charged to your Trading Account. 19.5 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 19.5.1 In addition, you agree that any currency conversion differences arising from your transactions shall be solely for your account. 19.6 Notwithstanding the above, if required by applicable law, the Company shall deduct from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 19.7 A potential client warrants that such potential client has the requisite exchange control approvals in place for making a foreign investment. The potential client further warrants that it has obtained the necessary tax clearance certificate, issued by the South African Revenue Service, as required in line with foreign investment allowances. 19.8 It is possible that other costs, including taxes, relating to Transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights when your Trading Account is in Margin Call under this Agreement. 19.9 It is hereby clarified that subject to the terms of this Agreement, the Difference is the only payment required by you for the use of the Trading Platform, subject to any fees applicable as per sections, 12, 19.8 and 20. Notwithstanding the above, we reserve the right to charge additional payments in the future, upon prior notice. 19.10 We reserve the right to seek reimbursement from you, if we receive a charge-back from any credit card issuer or with respect to any other payment method, for any reason. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you, charging your credit card or obtaining reimbursement from you by any other lawful means. 19.11 In situations where the company suspect that you have abused the Trading Platform, we reserve the right to seek reimbursement from you if Transactions conducted on your account, result in a recurring need of the Company to cover losses. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you or obtaining reimbursement from you by any other lawful means. 19.12 Should your country of residence have or enact regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.13 Where possible, Plus500AU will ordinarily remit money in the same method and to the same source from which it was received. We reserve the right to decline or cancel a withdrawal request with a specific payment method and suggest another payment method for which you will need to proceed with a new withdrawal request and supply further supporting documentation, upon request, for our internal checks and proper processing of the withdrawal request. 19.14 Withdrawals from your Trading Account are carried out within a minimum of one (1) business day and up to three (3) business days upon receipt of the withdrawal request. Please note, however, that withdrawals may be subject to additional processing time depending on the procedures of the third party remitters, the banking institutions and the jurisdictions in question. Withdrawals may be subject to further delays if a security review is undertaken by third party providers or by us. Following receipt of a withdrawal instruction, the request is processed and the requested withdrawal amount will be deducted from your Trading Account balance. During such time and until the withdrawal request is in the status "Approved in progress", the withdrawal request can be cancelled by you (DIRECTLY OR IMPLICITLY BY OPENING NEW POSITIONS WITH THOSE FUNDS). Until the withdrawal request is in status "Approved Settled" it can be cancelled by us and can be used to satisfy your liabilities for any Margin Alerts or Transactions that occurred during such time, pursuant to Section 19.1 in conjunction with the terms of Section 19.3.

PAYMENTS AND SET-OFF. 19.1 Upon completing a Transaction, and subject to any applicable adjustments for Overnight Funding as set forth in this User Agreement: 19.1.1 You shall be liable for the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. 19.1.2 You shall receive the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 19.2 Unless we agree otherwise, all sums for which you are liable pursuant to Section 19.1 are due immediately upon the closing price of your Transaction being determined by us and the Transaction being closed. 19.3 You hereby authorise us to automatically withdraw from the designated client money account, and to make a corresponding deduction to the balance of your Trading Account, the amounts for which you are liable pursuant to Section 19.1 upon the closing of a Transaction, or for any other amounts due by you under this User Agreement, without further notice. Any failure to enforce our rights hereunder shall not be deemed a waiver by us to enforce our rights hereunder. 19.4 Subject Provided that you have satisfied all of your payment obligations to any amounts for which you are liable us arising under this Agreement and Agreement, any money standing to your credit in the amount designated client money account in excess of the Maintenance Margin required in your Trading Account in accordance with this Agreement due to open Transactions, any money standing to the credit respect of all of your Trading Account open Transactions will be remitted to you upon your request subject to our minimum withdrawal amount. Where you do not make such a request, we will be under no obligation to, but may, amount specified in our absolute discretion, remit such monies to you. All bank charges incurred by us in relation to remitting funds to you howsoever arising will be deducted from your Trading Account. The manner in which we remit monies to you will be in our absolute discretion. We may require payments to you go to an account in your name and from which you originally remitted funds to us and may request evidence from you that such an account is in your name before effecting such payment. We may remit funds back to the payment method used for the deposit. You can make five (5) withdrawals from your Trading Account each month. For each subsequent withdrawal you request, we reserve the right to charge you a fee of $10USD (or equivalent in the base currency) per withdrawal. Withdrawals via bank transfer may incur a charge of up to $6USD due to bank processing charges. 19.4.1 All account withdrawal requests are subject to a minimum withdrawal amount. The minimum withdrawal amount for PayPal and Skrill is $50USD (or equivalent in the base currency). The minimum withdrawal amount for bank transfers and credit cards is $100USD (or equivalent in the base currency). Processing a withdrawal request of less than the minimum withdrawal amount will incur a fee of $10USD (or equivalent in the base currency). 19.4.2 Where you wish to close your account and have funds remaining, please note that funds returned via Credit Card (where your Credit Card is able to process refunds) do not incur an additional fee (or the fee is minimal and will be absorbed by us in these instances). However, where funds are returned via other methods (e.g. Bank Transfer, PayPal, etc.) a fee of $10USD (or equivalent in the base currency) will be charged to your Trading Account. 19.5 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 19.5.1 In addition, you agree that any currency conversion differences arising from your transactions shall be solely for your account. 19.6 Notwithstanding the above, if required by applicable law, the Company shall deduct from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 19.7 A potential client warrants that such potential client has the requisite exchange control approvals in place for making a foreign investment. The potential client further warrants that it has obtained the necessary tax clearance certificate, issued by the South African Revenue Service, as required in line with foreign investment allowances. 19.8 It is possible that other costs, including taxes, relating to Transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights when your Trading Account is in Margin Call under this Agreement. 19.9 It is hereby clarified that subject to the terms of this Agreement, the Difference is the only payment required by you for the use of the Trading Platform, subject to any fees applicable as per sections, 12, 19.8 and 20. Notwithstanding the above, we reserve the right to charge additional payments in the future, upon prior notice. 19.10 We reserve the right to seek reimbursement from you, if we receive a charge-back from any credit card issuer or with respect to any other payment method, for any reason. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you, charging your credit card or obtaining reimbursement from you by any other lawful means. 19.11 In situations where the company suspect that you have abused the Trading Platform, we reserve the right to seek reimbursement from you if Transactions conducted on your account, result in a recurring need of the Company to cover losses. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you or obtaining reimbursement from you by any other lawful means. 19.12 Should your country of residence have or enact regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.13 Where possible, Plus500AU will ordinarily remit money in the same method and to the same source from which it was received. We reserve the right to decline or cancel a withdrawal request with a specific payment method and suggest another payment method for which you will need to proceed with a new withdrawal request and supply further supporting documentation, upon request, for our internal checks and proper processing of the withdrawal request. 19.14 Withdrawals from your Trading Account are carried out within a minimum of one (1) business day and up to three (3) business days upon receipt of the withdrawal request. Please note, however, that withdrawals may be subject to additional processing time depending on the procedures of the third party remitters, the banking institutions and the jurisdictions in question. Withdrawals may be subject to further delays if a security review is undertaken by third party providers or by us. Following receipt of a withdrawal instruction, the request is processed and the requested withdrawal amount will be deducted from your Trading Account balance. During such time and until the withdrawal request is in the status "Approved in progress", the withdrawal request can be cancelled by you (DIRECTLY OR IMPLICITLY BY OPENING NEW POSITIONS WITH THOSE FUNDS). Until the withdrawal request is in status "Approved Settled" it can be cancelled by us and can be used to satisfy your liabilities for any Margin Alerts or Transactions that occurred during such time, pursuant to Section 19.1 in conjunction with the terms of Section 19.3.19.4.1

PAYMENTS AND SET-OFF. 19.1 Upon completing a Transaction, and subject to any applicable adjustments for Overnight Funding as set forth in this Agreement: 19.1.1 You shall be liable for the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. 19.1.2 You shall receive the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 19.2 Unless we agree otherwise, all sums for which you are liable pursuant to Section Section 19.1 are due immediately upon the closing price of your Transaction being determined by us and the Transaction being closed. 19.3 You hereby authorise us to automatically withdraw from the designated client money account, and to make a corresponding deduction to the balance of your Trading Account, the amounts for which you are liable pursuant to Section 19.1 upon the closing of a Transaction, or for any other amounts due by you under this Agreement, without further notice. Any failure to enforce our rights hereunder shall not be deemed a waiver by us to enforce our rights hereunder. 19.4 Subject to any amounts for which you are liable under this Agreement and the amount of the Maintenance Margin required in your Trading Account in accordance with this Agreement due to open Transactions, any money standing to the credit of your Trading Account will be remitted to you upon your request subject to our minimum withdrawal amount. Where you do not make such a request, we will be under no obligation to, but may, in our absolute discretion, remit such monies to you. All bank charges incurred by us in relation to remitting funds to you howsoever arising will be deducted from your Trading Account. The manner in which we remit monies to you will be in our absolute discretion. We may require payments to you go to an account in your name and from which you originally remitted funds to us and may request evidence from you that such an account is in your name before effecting such payment. We may remit funds back to the payment method used for the deposit. You can make five (5) withdrawals from your Trading Account each month. For each subsequent withdrawal you request, we reserve the right to charge you a fee of $10USD (or equivalent in the base currency) per withdrawal. Withdrawals via bank transfer may incur a charge of up to $6USD due to bank processing charges. 19.4.1 All account withdrawal requests are subject to a minimum withdrawal amount. The minimum withdrawal amount for PayPal and Skrill is $50USD (or equivalent in the base currency). The minimum withdrawal amount for bank transfers and credit cards is $100USD (or equivalent in the base currency). Processing a withdrawal request of less than the minimum withdrawal amount will incur a fee of $10USD (or equivalent in the base currency). 19.4.2 Where you wish to close your account and have funds remaining, please note that funds returned via Credit Card (where your Credit Card is able to process refunds) do not incur an additional fee (or the fee is minimal and will be absorbed by us in these instances). However, where funds are returned via other methods (e.g. Bank Transfer, PayPal, etc.) a fee of $10USD (or equivalent in the base currency) will be charged to your Trading Account. 19.5 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 19.5.1 In addition, you agree that any currency conversion differences arising from your transactions shall be solely for your account. 19.6 Notwithstanding the above, if required by applicable law, the Company shall deduct from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 19.7 A potential client warrants that such potential client has the requisite exchange control approvals in place for making a foreign investment. The potential client further warrants that it has obtained the necessary tax clearance certificate, issued by the South African Revenue Service, as required in line with foreign investment allowances. 19.8 It is possible that other costs, including taxes, relating to Transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights when your Trading Account is in Margin Call under this Agreement. 19.9 It is hereby clarified that subject to the terms of this Agreement, the Difference is the only payment required by you for the use of the Trading Platform, subject to any fees applicable as per sections, 12, 19.8 and 20. Notwithstanding the above, we reserve the right to charge additional payments in the future, upon prior notice. 19.10 We reserve the right to seek reimbursement from you, if we receive a charge-back from any credit card issuer or with respect to any other payment method, for any reason. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you, charging your credit card or obtaining reimbursement from you by any other lawful means. 19.11 In situations where the company suspect that you have abused the Trading Platform, we reserve the right to seek reimbursement from you if Transactions conducted on your account, result in a recurring need of the Company to cover losses. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you or obtaining reimbursement from you by any other lawful means. 19.12 Should your country of residence have or enact regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.13 Where possible, Plus500AU SUPERFLUIDITY FINANCE LIMITED will ordinarily remit money in the same method and to the same source from which it was received. We reserve the right to decline or cancel a withdrawal request with a specific payment method and suggest another payment method for which you will need to proceed with a new withdrawal request and supply further supporting documentation, upon request, for our internal checks and proper processing of the withdrawal request. 19.14 Withdrawals from your Trading Account are carried out within a minimum of one (1) business day and up to three (3) business days upon receipt of the withdrawal request. Please note, however, that withdrawals may be subject to additional processing time depending on the procedures of the third party remitters, the banking institutions and the jurisdictions in question. Withdrawals may be subject to further delays if a security review is undertaken by third party providers or by us. Following receipt of a withdrawal instruction, the request is processed and the requested withdrawal amount will be deducted from your Trading Account balance. During such time and until the withdrawal request is in the status "Approved in progress", the withdrawal request can be cancelled by you (DIRECTLY OR IMPLICITLY BY OPENING NEW POSITIONS WITH THOSE FUNDS)) . Until the withdrawal request is in status "Approved Settled" it can be cancelled by us and can be used to satisfy your liabilities for any Margin Alerts or Transactions that occurred during such time, pursuant to Section 19.1 in conjunction with the terms of Section 19.3.

PAYMENTS AND SET-OFF. 19.1 Upon completing a Transaction, and subject to any applicable adjustments for Overnight Funding as set forth in this Agreement: 19.1.1 You shall be liable for the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. 19.1.2 You shall receive the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 19.2 Unless we agree otherwise, all sums for which you are liable pursuant to Section 19.1 are due immediately upon the closing price of your Transaction being determined by us and the Transaction being closed. 19.3 You hereby authorise us to automatically withdraw from the designated client money account, and to make a corresponding deduction to the balance of your Trading Account, the amounts for which you are liable pursuant to Section 19.1 upon the closing of a Transaction, or for any other amounts due by you under this Agreement, without further notice. Any failure to enforce our rights hereunder shall not be deemed a waiver by us to enforce our rights hereunder. 19.4 Subject to any amounts for which you are liable under this Agreement and the amount of the Maintenance Margin required in your Trading Account in accordance with this Agreement due to open Transactions, any money standing to the credit of your Trading Account will be remitted to you upon your request subject to our minimum withdrawal amount. Where you do not make such a request, we will be under no obligation to, but may, in our absolute discretion, remit such monies to you. All bank charges incurred by us in relation to remitting funds to you howsoever arising will be deducted from your Trading Account. The manner in which we remit monies to you will be in our absolute discretion. We may require payments to you go to an account in your name and from which you originally remitted funds to us and may request evidence from you that such an account is in your name before effecting such payment. We may remit funds back to the payment method used for the deposit. You can make five (5) withdrawals from your Trading Account each month. For each subsequent withdrawal you request, we reserve the right to charge you a fee of $10USD (or equivalent in the base currency) per withdrawal. Withdrawals via bank transfer may incur a charge of up to $6USD due to bank processing charges. 19.4.1 All account withdrawal requests are subject to a minimum withdrawal amount. The minimum withdrawal amount for PayPal and Skrill is $50USD (or equivalent in the base Base currency). The minimum withdrawal amount for bank transfers and credit cards is $100USD (or equivalent in the base Base currency). Processing a withdrawal request of less than the minimum withdrawal amount will incur a fee of $10USD (or equivalent in the base Base currency). 19.4.2 . Where you wish to close your account and have funds remaining, please note that funds returned via Credit Card (where your Credit Card is able to process refunds) do not incur an additional fee (or the fee is minimal and will be absorbed by us Plus500AU in these instances). However, where funds are returned via other methods (e.g. Bank Transfer, PayPal, etc.) a fee of $10USD (or equivalent in the base Base currency) will be charged to your Trading Account. 19.5 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 19.5.1 In addition, you agree that any currency conversion differences arising from your transactions shall be solely for your account. 19.6 Notwithstanding the above, if required by applicable law, the Company shall deduct at source from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 19.7 A potential client warrants that such potential client has the requisite exchange control approvals in place for making a foreign investment. The potential client further warrants that it has obtained the necessary tax clearance certificate, issued by the South African Revenue Service, as required in line with foreign investment allowances. 19.8 It is possible that other costs, including taxes, relating to Transactions transactions carried out on the Trading Platform may arise for which you are liable and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights when your Trading Account is in to make Margin Call Calls under this Agreement. 19.9 19.8 It is hereby clarified that subject to the terms of this Agreement, the Difference is the only payment required by you for the use of the Trading Platform, subject to any fees applicable as per sections, 12, 19.8 19.7 and 20. Notwithstanding the above, we reserve the right to charge additional payments in the future, upon prior notice. 19.10 19.9 We reserve the right to seek reimbursement from you, if we receive a charge-back from any credit card issuer or with respect to any other payment method, for any reason. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you, charging your credit card or obtaining reimbursement from you by any other lawful means. 19.11 19.10 In situations where the company suspect reasonably suspects that you have abused the Trading Platformplatform abuse has occurred, we reserve the right to seek reimbursement from you if Transactions transactions conducted on your account, result in a recurring need of the Company to cover losses. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you or obtaining reimbursement from you by any other lawful means. 19.12 19.11 Should your country of residence have or enact operate regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.13 19.12 Where possible, Plus500AU will ordinarily remit money in the same method and to the same source from which it was received. We reserve the right to decline or cancel a withdrawal request with a specific payment method and suggest another payment method for which you will need to proceed with a new withdrawal request and supply further supporting documentation, upon request, for our internal checks and proper processing of the withdrawal request. 19.14 19.13 Withdrawals from your Trading Account are carried out within a minimum of one (1) business day and up to three (3) business days upon receipt of the withdrawal request. Please note, however, that withdrawals may be subject to additional processing time depending on the procedures of the third party remitters, the banking institutions and the jurisdictions in question. Withdrawals may be subject to further delays if a security review is undertaken by third party providers or by us. Following receipt of a withdrawal instruction, the request is processed and the requested withdrawal amount will be deducted from your Trading Account balance. During such time and until the withdrawal request is in the status "Approved in progress", the withdrawal request can be cancelled canceled by you (DIRECTLY OR IMPLICITLY BY OPENING NEW POSITIONS WITH THOSE FUNDS). Until the withdrawal request is in status "Approved Settled" it can be cancelled canceled by us Plus500 and can be used to satisfy your liabilities for any Margin Alerts margin calls or Transactions transactions that occurred during such time, pursuant to Section 19.1 in conjunction with the terms of Section 19.319.3 of this Agreement.

PAYMENTS AND SET-OFF. 19.1 Upon completing a Transaction, and subject to any applicable adjustments for Overnight Funding as set forth in this User Agreement: 19.1.1 You shall be liable for the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. 19.1.2 You shall receive the Difference if the Transaction is: (i) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or (ii) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 19.2 Unless we agree otherwise, all sums for which you are liable pursuant to Section Section 19.1 are due immediately upon the closing price of your Transaction being determined by us and the Transaction being closed. 19.3 You hereby authorise us to automatically withdraw from the designated client money account, and to make a corresponding deduction to the balance of your Trading Account, the amounts for which you are liable pursuant to Section 19.1 upon the closing of a Transaction, or for any other amounts due by you under this User Agreement, without further notice. Any failure to enforce our rights hereunder shall not be deemed a waiver by us to enforce our rights hereunder. 19.4 Subject to any amounts for which you are liable under this User Agreement and the amount of the Maintenance Margin required in your Trading Account in accordance with this User Agreement due to open Transactions, any money standing to the credit of your Trading Account will be remitted to you upon your request subject to our minimum withdrawal amount. Where you do not make such a request, we will be under no obligation to, but may, in our absolute discretion, remit such monies to you. All bank charges incurred by us in relation to remitting funds to you howsoever arising will be deducted from your Trading Account. The manner in which we remit monies to you will be in our absolute discretion. We may require payments to you go to an account in your name and from which you originally remitted funds to us and may request evidence from you that such an account is in your name before effecting such payment. We may remit funds back to the payment method used for the deposit. You can make five (5) withdrawals from your Trading Account each month. For each subsequent withdrawal you request, we reserve the right to charge you a fee of $10USD (or equivalent in the base currency) per withdrawal. Withdrawals via bank transfer may incur a charge of up to $6USD due to bank processing charges. 19.4.1 All account withdrawal requests are subject to a minimum withdrawal amount. The minimum withdrawal amount for PayPal and Skrill is $50USD (or equivalent in the base currency). The minimum withdrawal amount for bank transfers and credit cards is $100USD (or equivalent in the base currency). Processing a withdrawal request of less than the minimum withdrawal amount will incur a fee of $10USD (or equivalent in the base currency). 19.4.2 Where you wish to close your account and have funds remaining, please note that funds returned via Credit Card (where your Credit Card is able to process refunds) do not incur an additional fee (or the fee is minimal and will be absorbed by us in these instances). However, where funds are returned via other methods (e.g. Bank Transfer, PayPal, etc.) a fee of $10USD (or equivalent in the base currency) will be charged to your Trading Account. 19.5 You shall be liable for any and all taxes, fees and assessments with respect to any Transaction you complete on the Trading Platform. It is your obligation alone to calculate and pay all taxes applicable to you in your country of residence, or otherwise arising as a result of your trading activity from the use of the Trading Platform. 19.5.1 In addition, you agree that any currency conversion differences arising from your transactions shall be solely for your account. 19.6 Notwithstanding the above, if required by applicable law, the Company we shall deduct from any payments due to you such amounts as are required by the tax authorities to be deducted in accordance with applicable law. 19.7 A potential client warrants that such potential client has the requisite exchange control approvals in place for making a foreign investment. The potential client further warrants that it has obtained the necessary tax clearance certificate, issued by the South African Revenue Service, as required in line with foreign investment allowances. 19.8 It is possible that other costs, including taxes, relating to Transactions carried out on the Trading Platform may arise for which you are liable liable, and which are neither paid via us nor imposed by us. Without derogating from your sole and entire responsibility to account for tax due, you agree that we may deduct tax, as may be required by the applicable law, with respect to your trading activity on the Trading Platform. You are aware that we have a right of set-off against any amounts in your Trading Account with respect to such tax deductions, and you hereby authorise us to withdraw amounts from your Trading Account with which to pay such taxes. You shall have no claim against us with regard to such deductions. You further agree that such deductions do not derogate from our rights when your Trading Account is in Margin Call under this User Agreement. 19.9 19.8 It is hereby clarified that subject to the terms of this User Agreement, the Difference is the only payment required by you for the use of the Trading Platform, subject to any fees applicable as per sections, 12, 19.8 19.7 and 20. Notwithstanding the above, we reserve the right to charge additional payments fees in the future, upon prior notice. 19.10 19.9 We reserve the right to seek reimbursement from you, if we receive a charge-charge- back from any credit card issuer or with respect to any other payment method, for any reason. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you, charging your credit card or obtaining reimbursement from you by any other lawful means. 19.11 19.10 In situations where the company we suspect that you have abused the Trading PlatformPlatform , we reserve the right to seek reimbursement from you if Transactions conducted on your accountTrading Account, result in a recurring need of the Company for us to cover losses. We may obtain such reimbursement by charging your Trading Account, deducting amounts from future payments owed to you or obtaining reimbursement from you by any other lawful means. 19.12 19.11 Should your country of residence have or enact regulations or laws which restrict the use of currency or require you to report receipts and payments of that currency to a regulator or legal authority, you agree that you will fulfil any reporting obligations or obtain any required consents or approvals which may arise as a result of your use of the Trading Platform or associated transactions. 19.13 19.12 Where possible, Plus500AU we will ordinarily remit money in the same method and to the same source from which it was received. We reserve the right to decline or cancel a withdrawal request with a specific payment method and suggest another payment method for which you will need to proceed with a new withdrawal request and supply further supporting documentation, upon request, for our internal checks and proper processing of the withdrawal request. 19.14 19.13 Withdrawals from your Trading Account are carried out within a minimum of one one (1) business day and up to three (3) business days upon receipt of the withdrawal request. Please note, however, that withdrawals may be subject to additional processing time depending on the procedures of the third party remitters, the banking institutions and the jurisdictions in question. Withdrawals may be subject to further delays if a security review is undertaken by third party providers or by us. Following receipt of a withdrawal instruction, the request is processed and the requested withdrawal amount will be deducted from your Trading Account balance. During such time and until the withdrawal request is in the status "Approved in progress", the withdrawal request can be cancelled by you (DIRECTLY OR IMPLICITLY BY OPENING NEW POSITIONS WITH THOSE FUNDS). Until the withdrawal request is in status "Approved Settled" it can be cancelled by us and can be used to satisfy your liabilities for any Margin Alerts or Transactions that occurred during such time, pursuant to Section 19.1 in conjunction with the terms of Section 19.3.