Swaps and Swap Free Accounts. 5.1 Swaps are calculated according the Contract Specification found on the Company’s Website. The Client may use the “Trader Calculator” on the Website in order to calculate the cost of Swap for a specific trade.
Swaps and Swap Free Accounts. 5.1 If the swap operation is carried out daily at 10:00 pm according to the time of the client terminal, except on Saturday and Sunday. At 10:00 pm on Wednesday or on Friday by depending on the underlying asset, the triple cost of the swap operation is added to or charged off the Client Account. However the swap operation is not performed on swap free accounts.
Swaps and Swap Free Accounts. Swaps are calculated according to the Contract Specification found on the Company’s Website. The Client may use the “Trader Calculator” on the Website in order to calculate the cost of Swap for a specifictrade. Where applicable, swap operations are carried out daily at 10:00 pm according to the time of the Client Terminal, except on Saturday and Sunday. At 10:00 pm on Wednesday or on Friday (depending on the Underlying Asset), the triple cost of the Swap operation is added to/charged off the Client Account. Swap amounts less than 0.01 units in the Client’s respective account currency will not be credited. The Company maintains the right to change Swaps without prior notification to the Client. It is the Client’s responsibility to monitor and always be aware of Swap charges. The Company may offer Swap free Client Accounts for all Underlying Assets and/or Swap free Client Accounts for specified Underlying Assets. Swap operation is not performed on Swap free Client Accounts and/or on Underlying Assets not subject to Swaps. The Company in its discretion may change the Underlying Assets available for Swap free Client Accounts. Not all account types may be Swap free Client Accounts. Only those account types and/or Underlying Assets specified on the website from time to time may be Swap Free provided that the Client is eligible for Swap free status in accordance with paragraph 5.6 and 5.7 of Part E below. Moreover, the Company may in its sole discretion change the account types and/or the Underlying Assets eligible for Swap free status. During the Account Opening process, Clients from Islamic Countries will be considered as eligible for a Swap free Account. This is determined according to identification information and/or the phone number of the Client on the Account Opening Application Form. At the Company’s discretion, Clients from non-Islamic Countries might be considered as eligible for a Swap free status Client Account. In such a case, Company retains the right to define from time to time theSwap free levels and Client’s eligibility for these levels as these shall be stated in the Contract Specifications or the Company’s Website. Swap free Client Account status and/or Swap free levels might be automatically assigned to the Client at the Company’s discretion and Client shall not have the right to decline, modify or cancel any of them. The Company reserves the right to change, modify or cancel the Swap free Client Account and/or Swap free levels at its discret...
