Common use of Swaps Clause in Contracts

Swaps. 1. You acknowledge that on positions kept overnight, a swap charge will be applied which depending on the underlying and whether you are short or long. This swap will either be paid by you to us or by us to you. 2. Swap charges change regularly and information on these can be obtained from our statt. A ditterent swap rate will apply to long and short positions. 3. For certain Expiry Transactions, our quote (which is based on the Underlying Market) will include an interest component. 4. The Company may offer to its Clients accounts whereby no Swap will be credited, debited to Client’s account. The condition of providing these is that the positions will not be opened for more than two days if the swap should have been paid by the client. In return, the client will not earn any swaps on his positions. You acknowledge that in case you holds\ a position for more than two consecutive days on such an account, we will have the right at our sole discretion to retroactively debit Swap amounts that should have been otherwise debited to your account on these positions held. The Swap amounts debited will be assessed by us as per what our providers and/or competitors debit to their clients’ accounts on similar positions. We will not be obliged to credit any amounts back to the client.

Appears in 8 contracts

Samples: General Terms & Conditions, General Terms & Conditions, General Terms & Conditions

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Swaps. 1. You acknowledge that on positions kept overnight, a swap charge will be applied which depending on the underlying and whether you are short or long. This swap will either be paid by you to us or by us to you. 2. Swap charges change regularly and information on these can be obtained from our stattstaff. A ditterent different swap rate will apply to long and short positions. 3. For certain Expiry Transactions, our quote (which is based on the Underlying Market) will include an interest component. 4. The Company may offer to its Clients accounts whereby no Swap will be credited, debited to Client’s account. The condition of providing these is that the positions will not be opened for more than two days if the swap should have been paid by the client. In return, the client will not earn any swaps on his positions. You acknowledge that in case you holds\ a position for more than two consecutive days on such an account, we will have the right at our sole discretion to retroactively debit Swap amounts that should have been otherwise debited to your account on these positions held. The Swap amounts debited will be assessed by us as per what our providers and/or competitors debit to their clients’ accounts on similar positions. We will not be obliged to credit any amounts back to the client.

Appears in 5 contracts

Samples: General Terms & Conditions, Terms and Conditions, General Terms & Conditions

Swaps. 1. You acknowledge that on positions kept overnight, a swap charge will be applied which depending on the underlying instrument and whether you are short or long. This swap will either be paid by you to us or by us to you. 2. Swap charges change regularly and information on these can be obtained from our stattstaff. A ditterent different swap rate will apply to long and short positions. 3. For certain Expiry Transactions, our quote (which is based on the Underlying Market) will include an interest component. 4. The Company may offer to its Clients accounts whereby no Swap will be credited, debited to Client’s account. The condition of providing these is that the positions will not be opened for more than two days if the swap should have been paid by the client. In return, the client will not earn any swaps on his positions. You acknowledge that in case you holds\ hold a position for more than two consecutive days on such an account, we will have the right at our sole discretion to retroactively debit Swap amounts that should have been otherwise debited to your account on these positions held. The Swap amounts debited will be assessed by us as per what our providers and/or competitors debit to their clients’ accounts on similar positions. We will not be obliged to credit any amounts back to the client.

Appears in 2 contracts

Samples: General Terms & Conditions, General Terms & Conditions

Swaps. 1. You acknowledge that on positions kept overnight, a swap charge will be applied which depending on the underlying instrument and whether you are short or long. This swap will either be paid by you to us or by us to you. 2. Swap charges change regularly and information on these can be obtained from our statt. A ditterent swap rate will apply to long and short positions. 3. For certain Expiry Transactions, our quote (which is based on the Underlying Market) will include an interest component. 4. The Company may offer otter to its Clients accounts whereby no Swap will be credited, debited to Client’s account. The condition of providing these is that the positions will not be opened for more than two days if the swap should have been paid by the client. In return, the client will not earn any swaps on his positions. You acknowledge that in case you holds\ hold a position for more than two consecutive days on such an account, we will have the right at our sole discretion to retroactively debit Swap amounts that should have been otherwise debited to your account on these positions held. The Swap amounts debited will be assessed by us as per what our providers and/or competitors debit to their clients’ accounts on similar positions. We will not be obliged to credit any amounts back to the client.

Appears in 1 contract

Samples: General Terms and Conditions

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Swaps. 1. You acknowledge that on positions kept overnight, a swap charge will be applied which depending on the underlying and whether you are short or long. This swap will either be paid by you to us or by us to you. 2. Swap charges change regularly and information on these can be obtained from our statt. A ditterent swap rate will apply to long and short positions. 3. For certain Expiry Transactions, our quote (which is based on the Underlying Market) will include an interest component. 4. The Company may offer to its Clients accounts whereby no Swap will be credited, debited to Client’s account. The condition of providing these is that the positions will not be opened for more than two days if the swap should have been paid by the client. In return, the client will not earn any swaps on his positions. You acknowledge that in case you holds\ a holds\a position for more than two consecutive days on such an account, we will have the right at our sole discretion to retroactively debit Swap amounts that should have been otherwise debited to your account on these positions held. The Swap amounts debited will be assessed by us as per what our providers and/or competitors debit to their clients’ accounts on similar positions. We will not be obliged to credit any amounts back to the client.

Appears in 1 contract

Samples: Terms and Conditions

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