Common use of Technical Description Clause in Contracts

Technical Description. 1. The price at activating and closing an option is the candle open price in the Quotes Archive. In some cases related to the peculiarities of the Service (in particular the 1-2-min difference between the servers’ time), the difference between the quotes in the Quotes Archive and the first InstaForex-USA server can be several points. 2. The number of bought options is not limited within a day. 3. Within the first 30 minutes after the intraday binary options is activated, its increment is 1 minute, later it is 5 minutes. 4. The interval between the expiry binary option activation date and its closing should not exceed 4 weeks. The increment of expiry binary options is 5 minutes. 5. After an option is bough, its value is withdrawn from the Customer account. In case the option is in-the-money, its value is refunded being multiplied by a profit coefficient. In case the option is out-of-the-money, its value is not refunded. 6. The Customer has a right to cancel the bought option not later than 3 minutes before its activation with 10% of the option value fee. The open options cannot be cancelled. 7. During low volatility periods on the market, the Customer will be informed of it at buying option by a pop-up message. In such periods the options can be cancelled automatically with the full refund of option value. 8. The options on gold and silver are not available from 00:00 to 01:05 (server time). 9. In case the activation price and the closing price are equal, the option is considered as losing because the selected term of a price rise or fall was not fulfilled. 10. The set terms are valid for every certain option during its validity period and cannot be changed.

Technical Description. 1. The price at activating and closing an option is the candle open price in the Quotes Archive. In some cases related to the peculiarities of the Service (in particular the 1-2-2- min difference between the servers’ time), the difference between the quotes in the Quotes Archive and the first InstaForex-USA server can be several points. 2. The number of bought options is not limited within a day. 3. Within the first 30 minutes after the intraday binary options is activated, its increment is 1 minute, later it is 5 minutes. 4. The interval between the expiry binary option activation date and its closing should not exceed 4 weeks. The increment of expiry binary options is 5 minutes. 5. After an option is bough, its value is withdrawn from the Customer account. In case the option is in-the-money, its value is refunded being multiplied by a profit coefficient. In case the option is out-of-the-money, its value is not refunded. 6. The Customer has a right to cancel the bought option not later than 3 minutes before its activation with 10% of the option value fee. The open options cannot be cancelled. 7. During 7.During low volatility periods on the market, the Customer will be informed of it at buying option by a pop-up message. In such periods the options can be cancelled automatically with the full refund of option value. 8. The options on gold and silver are not available from 00:00 to 01:05 (server time). 9. In case the activation price and the closing price are equal, the option is considered as losing because the selected term of a price rise or fall was not fulfilled. 10. The set terms are valid for every certain option during its validity period and cannot be changed.