Common use of Specific Operating Procedures Clause in Contracts

Specific Operating Procedures. The Customer acknowledges and agrees to the operating proce- dures illustrated below, divided by transaction type. It should be noted that “intraday” shall mean that the margin position is to be closed by the end of the day and “overnight” shall mean that the margin position is to remain open overnight through the loan of financial instruments or liquid assets to the Customer by Directa.

Specific Operating Procedures. The Customer acknowledges and agrees to the operating proce- dures illustrated belowprocedures below illustrated, divided by transaction type. It should be noted that “intraday” shall mean that the margin position is to be closed by the end of the day and “overnight” shall mean that the margin position is to remain open overnight through the loan of financial instruments or liquid assets to the Customer by Directa.