Rollovers, Interest. A daily financing charge may apply to each CFD open position at the closing of the Company’s trading day as regard to that CFD. If such financing charge is applicable, it will either be paid by Client directly to the Company or it will be paid by the Company to Client, depending on the type of CFD and the nature of the position Client holds. The method of calculation of the financing charge varies according to the type of CFD to which it applies. Moreover, the amount of the financing charge will vary as it is linked to current interest rates (such as LIBOR). The financing charge will be credited or debited (as appropriate) to Client’s account on the next trading day following the day to which it relates. The Company reserves the right to change the method of calculating the financing charge, the financing rates and/or the types of CFDs to which the financing charge applies. For certain types of CFDs, a commission is payable by Client to open and close CFD positions. Such commission payable will be debited from Client’s account at the same time as the Company opens or closes the relevant CFD. Changes in our swap interest rates and calculations shall be at our own discretion and without notice. Clients need to always check our website for the then current rates charged. Rates may change quickly due to market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters that are at the firm’s sole discretion.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
