Swap. Client agree to pay/receive swap payment/interest arising from Open Positions left overnight, according to correspondent financial markets swap interest rates by Company, which shall be calculated and paid/received by Client, and will be stated in the Account History.
Swap. 11.1 The Company offers Islamic (swap-free) accounts to comply with Islamic Shariah law; this is also an advantage for all traders who hold their positions for multiple days without being aware of swaps or overnight fees; thus, a trading account would not pay, or be paid for holding a position for more than one business day.
11.2 If the Client wishes to convert his Client Account into a swap free account or vice versa, he must send a notification to the Company. The Client has the right to convert his Client Account from swap free into usual Client Account, without inserting any reasons.
11.3 If the Client has a swap free account, no swaps or roll over charges will be applied to trading positions overnight. This means that the Client Account will be free from interest or swap charges and features zero up-front commissions without additional charges per trade.
11.4 If the Client has a swap-free account, all the provisions herein in this entire Agreement apply to him save any mentions to swaps unless the text provides that swaps apply to such a Client as well.
11.5 in the event of market abuse and /or misuses of the swap free advantage by holding floating positions for a long time period, taking advantage of the swap-free facility and gaining profits from swaps, the client who commits these offenses will be charged with a backdated swap on all positions executed in his trading account from the date of opening the account till date, and must close the floating positions immediately.
11.6 Hedging a currency pair by its corresponding Future CFD and/or hedging positions on a swap- based account against positions on a swap free account is forbidden, as these also represent attempts to take advantage of the swap free facility and gain profits from swaps; one direction of this kind of hedge must be closed immediately.
Swap. A Swap (the “Structure”) is an exchange of payments between the parties to the Structure, embedded with derivatives on the underlying asset (“Underlying”). One party agrees to pay a stream of payment based on either a fixed or floating rate whereas the other party will make payments based on the performance of the Underlying. The Underlying for FX SWAP is currencies. For cross currency Swaps, there is currency risk involved. If the investment or the underlying of the investment is denominated in a currency other than the reference currency, the investment is subject to exchange rate exposure and the investor may suffer losses. If the Investor wishes to terminate the transaction prior to maturity, there may be limited liquidity. Hence the investor may not be able to liquidate the position at all or at a satisfactory price or terms should the investor wish to terminate the transaction early.
Swap. 10. 1 The type of account is an Islamic account, meaning it is a free swap account.
10. 2 Company reserves the right to apply, without prior notice, additional commission fees with respect to open positions for all instruments on any Islamic account, the Carry charge.
10. 3 The Company reserves the right to apply, without prior notice, additional commission fees concerning ex-dividend payments for all Indices and Shares instruments on any Islamic account for trades carried during ex-dividend dates.
10. 4 The Company reserves the right to apply, without prior notice, additional commission fees with respect to open positions for over 10 Days For all instruments on any Islamic account
Swap. 11.1 All types of accounts and market instruments are subject to overnight fee (SWAP).
11.2 The company may grant the client a swap free – grace period, as the SWAP free- grace period will take effect from the date of executing / or opening the position, and at the expiration of grace period, SWAP will start to be calculated on positions that are still open and not closed before the grace period expires , this is also an advantage for all traders who hold their positions for multiple days without being aware of swaps or overnight fees. Noting that such grace period is determined by Accuindex Limited and is subject to modification or cancellation, and the possibility of calculating a backdated swap on all transactions at any time without prior notice to the client.
11.3 In the event of market abuse and /or misuses of swap free- grace period by holding floating positions during the swap free period , taking advantage of the swap-free facility, and gaining profits from swaps, the client who commits these offenses will be charged with a backdated swap on all positions executed in his trading account from the date of opening the account till date, and must close the floating positions immediately
11.4 Hedging a currency pair by its corresponding Future CFD and/or hedging positions on a swap- based account against positions on a swap free account is forbidden, as these also represent attempts to take advantage of the swap free facility and gain profits from swaps; one direction of this kind of hedge must be closed immediately.
11.5 No overnight fee (SWAP) on positions that are opened and closed on the same day .
Swap. (a) On or prior to the Closing Date, the Owner Trustee ---- shall, on behalf of the Issuer, enter into the Swap with the Counterparty for the benefit of the Noteholders. The aggregate notional amount under the Swap shall, at any time, be equal to the Note Principal Balance at such time. Net Swap Receipts and early termination payments payable by the Counterparty shall be deposited by the Indenture Trustee in the Collection Account on the day received and treated as Available Finance Charge Collections. On any Distribution Date when there shall be a Net Swap Payment, such Net Swap Payments shall be paid as provided in Section 4.4(a)(i). On any Distribution Date when ----------------- there shall be an early termination payment or any other miscellaneous payment payable by the Issuer to the Counterparty, such amount shall be paid as provided in Section 4.4(a)(xi). ------------------
(b) Each Swap shall be in substantially the same form as the initial Swap attached hereto as Exhibit E. ---------
(c) The Servicer may, upon (i) satisfaction of the Rating Agency Condition and, (ii) unless a Control Transfer Event has occurred, receipt of written consent from the Insurer (which consent shall not be unreasonably withheld), and, when required under the terms of the existing Swap, shall, obtain a replacement Swap.
Swap. If the LIBOR Rate for an Interest Period of one month is above two percent (2.00%) for 30 consecutive days during the term of the Loans, the Borrower will be required to enter into a swap or purchase an interest rate cap with respect to the Loans with a counterparty and on terms and conditions reasonably acceptable to the Agent. Any such swap or interest rate cap which is a Derivatives Provider Contract shall be an independent agreement governed by the written provisions of said Derivatives Provider Contract, which will remain in full force and effect unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of this Agreement, except as otherwise expressly provided in said Derivatives Provider Contract, and any payoff statement from the Agent relating to this Agreement shall not apply to a Derivatives Provider Contract except as otherwise expressly provided in such payoff statement. Any prepayment, acceleration, reduction, increase or any change in the terms of the Loan will not alter the notional amount of any such Derivatives Provider Contract, which will remain in full force and effect notwithstanding any such prepayment, acceleration, reduction, increase or change, subject to the terms of such Derivatives Provider Contract.
Swap. 4.3.1. Swap is a payment for the open position rollover to the following operation day. Swap may be both positive and negative. Swap is established separately for long and short positions. The swap size depends on multiple factors the main of which are: current market interest rates for credits of central banks in national currencies, price dynamics of the underlying asset the Trans- action is executed with, state of forward market, and swap size established by liquidity provider. The Forex Company may change the size of swap and its calculation procedure unilaterally taking into account the current satiation at the market, liquidity provider’s swap size, the Forex Com- pany’s risk management policy, etc. Depending on the underlying asset, swap at triple rate shall be calculated overnight Wednesday into Thursday morning (normally when the underlying asset is foreign currency and precious metals) and Friday into Saturday morning. In the rest of cases, when open positions are rolled over to the following operation day, swap is charged as for one day.
4.3.2. Swap is established as percentage of the open position amount or in points. The position amount is determined by the Client at the time of giving the order for the underlying asset price fixing.
4.3.3. Swap size, calculation method and the day of calculation at triple rate depend on the type of underlying asset in respect of which the position is open; are set on the Forex Company’s server; are specified in the Forex Terminal; and are posted on the Forex Company’s website.
4.3.4. The amount of swap shall be calculated at the moment of open position rollover to the fol- lowing trading day, but it shall be made due to and paid by the Client at the moment of position closing, unless other procedure of swap accrual and payment is established due to functional pe- culiarities of the Forex Terminal.
Swap. 11.1 All types of accounts and market instruments are subject to overnight fee (SWAP).
11.2 The company may grant a swap free – grace period on each deal, as the SWAP free- grace period will take effect from the date of executing / or opening the position, and at the expiration of grace period, SWAP will start to be calculated on positions that are still open and not closed before the grace period expires , this is also an advantage for all traders who hold their positions for multiple days without being aware of swaps or overnight fees. Noting that such grace period is determined by Accuindex Limited and is subject to modification or cancellation at any time without prior notice to the client
11.3 In the event of market abuse and /or misuses of swap free- grace period by holding floating positions during the swap free period , taking advantage of the swap-free facility, and gaining profits from swaps, the client who commits these offenses will be charged with a backdated swap on all positions executed in his trading account from the date of opening the account till date, and must close the floating positions immediately
11.4 Hedging a currency pair by its corresponding Future CFD and/or hedging positions on a swap- based account against positions on a swap free account is forbidden, as these also represent attempts to take advantage of the swap free facility and gain profits from swaps; one direction of this kind of hedge must be closed immediately.
11.5 No overnight fee (SWAP) on positions that are opened and closed on the same day .
Swap. This confirmation hereby amends and replaces the confirmation entered into between us, you and the Security Trustee on 14th June, 2002, as amended and restated on 6th March, 2003 (the Previous Confirmation). This confirmation constitutes a “Confirmation” as referred to in the 1992 ISDA Master Agreement (Multicurrency-Cross Border) dated as of 14th June, 2002 as amended and restated by us, you and the Security Trustee on 6th March, 2003 and the date hereof and as amended and supplemented from time to time (the Agreement). As of the date hereof, all rights and obligations of the parties to the Previous Confirmation shall cease to exist and shall be replaced in their entirety by the rights and obligations arising pursuant to this Confirmation. The purpose of this letter (the Confirmation) is to confirm the terms and conditions of the Swap Transaction entered into between us on the Trade Date specified below. The definitions and provisions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc. (the Definitions) are incorporated into this Confirmation. In the event of any inconsistency between any of the following, the first listed shall govern: (i) this Confirmation; (ii) the Master Definitions Schedule; and (iii) the Definitions. The following expressions shall, for the purpose of this Confirmation, have the following meanings: