Price Formation. Client orders are routed by trading system via a prime broker connection to the electronic order book of different venues. Prices are formed according to rules of the venue; Tera adds a mark-up. SCHEDULE 4: CFD INDICES and COMMODITIES
Price Formation. CFD Index prices are Tera LPs’ proprietary prices, which are derived from the relevant underlying Market. Where the CFD Reference Asset is listed on a Market then the CFD quoted prices are derived from the market quoted price for the Reference Asset. For certain Reference Assets such as precious metals the quoted price may be derived from the exchange traded futures contract price for the relevant Reference Asset. SCHEDULE 5: ROLLING FOREIGN EXCHANGE SPOT
1. Products in Scope:
1.1. Purchase and sale of rolling foreign exchange spot contracts
2. Products not in Scope:
2.1. Spot foreign exchange transactions undertaken with the intention of converting money from one currency to another – including transactions undertaken to facilitate settlement of other transactions.
2.2. Transactions undertaken to roll forward the value date of a client position which do not result in a change to the client’s FX market exposure.
Price Formation. 4.1. If not expressly specified otherwise, it applies that the prices of goods offered by the Seller are exclusive of VAT and do not include shipping.
4.2. When ordering via the internet, that the price quoted at the time of ordering applies. When ordering from a catalogue, brochure or advertisement (hereinafter referred to as the "Catalogue"), the price referred to therein applies, and up to the release of a new catalogue or until the expiry of the relevant text in the catalogue, after, the price according to the current offer on the Internet applies. When you order by phone, the price is communicated by the operator. If in doubt the price used by the current offer on the Internet applies.
4.3. The Seller reserves the right to unilaterally modify prices if there are increases in costs resulting from circumstances beyond their control, that emerged in the period after publication of the offer (tax increases, exchange rate changes, marked changes in supply conditions for manufacturers and other suppliers of goods, etc.), and by means of the publication of such notices on the Internet, and, if the Contract is concluded, then a unilateral written notice to the Purchaser. In the event that the Purchaser does not agree with the increase in prices, they are entitled to rescind the Contract.
Price Formation. CFD Index prices are Tera LPs’ proprietary prices, which are derived from the relevant underlying Market. Where the CFD Reference Asset is listed on a Market then the CFD quoted prices are derived from the market quoted price for the Reference Asset. For certain Reference Assets such as precious metals the quoted price may be derived from the exchange traded futures contract price for the relevant Reference Asset. Registered Address: Office 000, Xxx Xxxxxx Xxxxxx Xxxxxx Xxxxx, Xxxxxx X00 0XX| XX Registered in England & Wales, Company Number 07604372 Authorised and Regulated by the Financial Conduct Authority: 564741 Version 3 – 14 October 2021: Customer Agreement for Professional and Eligible Counterparty Clients page 87 SCHEDULE 5: ROLLING FOREIGN EXCHANGE SPOT
1. Products in Scope:
1.1. Purchase and sale of rolling foreign exchange spot contracts
2. Products not in Scope:
2.1. Spot foreign exchange transactions undertaken with the intention of converting money from one currency to another – including transactions undertaken to facilitate settlement of other transactions.
2.2. Transactions undertaken to roll forward the value date of a client position which do not result in a change to the client’s FX market exposure.
Price Formation. 6.1. Tera constantly monitors the prices available to it in the wider market. It’s price for foreign exchange spot transactions is formed from the liquidity available in a given currency pair for buying or selling, to which its charges are added.
