Common use of SETTLEMENT DATE OFFSET INSTRUCTIONS Clause in Contracts

SETTLEMENT DATE OFFSET INSTRUCTIONS. Offset instructions on currency positions open prior to settlement arriving at settlement date must be given to 10tradefx at least one (1) business day prior to the settlement or value day. Alternatively, sufficient funds to take delivery or the necessary delivery documents must be in the possession of 10tradefx within the same period described above. If neither instructions, funds nor documents are received, 10tradefx may without notice, either offset Customer’s position or roll Customer’s positions into the next settlement time period or make or receive delivery on behalf of Customer upon such terms and by such methods deemed reasonable by 10tradefx in its sole discretion.

SETTLEMENT DATE OFFSET INSTRUCTIONS. Offset instructions on currency positions open prior to settlement arriving at settlement date must be given to 10tradefx 10TradeFX at least one (1) business day prior to the settlement or value day. Alternatively, sufficient funds to take delivery or the necessary delivery documents must be in the possession of 10tradefx 10TradeFX within the same period described above. If neither instructions, funds nor documents are received, 10tradefx 10TradeFX may without notice, either offset Customer’s position or roll Customer’s positions into the next settlement time period or make or receive delivery on behalf of Customer upon such terms and by such methods deemed reasonable by 10tradefx 10TradeFX in its sole discretion.