Common use of Swaps and Swap Free Accounts Clause in Contracts

Swaps and Swap Free Accounts. 5.1 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 specific trade. 5.2 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. 5.3 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.

Appears in 5 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Swaps and Swap Free Accounts. 5.1 Swaps are calculated according to the Contract Specification 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 specific trade. 5.2 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 off the Client Account. Swap amounts less than 0.01 units in the Client’s respective account currency will not be credited. 5.3 The Company maintains the right to change Swaps without prior notification notification to the Client. It is the Client’s responsibility to monitor and always be aware of Swap charges.

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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