Common use of Rollovers, Interest Clause in Contracts

Rollovers, Interest. (a) A daily financing charge may apply to each CFD open position at the closing of JME Financial Services (Pty) Ltd’s trading day as regard to that CFD. If such financing charge is applicable, it will either be requested to be paid by Customer directly to the Company, or it will be paid by the Company to the Customer, depending on the type of CFD and the nature of the position Customer 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 or from Customer’s account on the next trading day following the day to which it relates.

Rollovers, Interest. (a) A daily financing charge may apply to each CFD open position at the closing of JME Financial Services (Pty) Ltd’s trading day as regard to that CFD. If such financing charge is applicable, it will either be requested to be paid by Customer directly to the Company, Company or it will be paid by the Company to the Customer, depending on the type of CFD and the nature of the position Customer 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 or from Customer’s account on the next trading day following the day to which it relates.