Common use of Terms and Interpretation Clause in Contracts

Terms and Interpretation. Amount of transaction – product of number of lots and lot volume. Ask – price Client pays when buying. Balance – total financial result of all complete finished transactions and operations of depositing/withdrawing assets in the transaction account. Bar/Candlestick is an element of the chart, which includes opening and closing prices, as well as maximum and minimum prices per fixed period of time chosen by the Client. In MetaTrader4 and MetaTrader5 trading terminals, bars and candlesticks are displayed at the level of Bid price. Bid – price Client pays when selling. Chart is a tool for illustrating the price movement in graphics per fixed period of time with the help of bars/candlesticks or lines. In MetaTrader4 and MetaTrader5 trading terminals, prices are displayed at the level of Bid price. Client – individual or legal entity responsible for conversion arbitrage transactions with financial instruments on the Company’s server. Client’s terminal – software facility used by Client to direct orders to make transactions. Company – a legal entity responsible for performance of services to the Company on managing conversion arbitrage transactions under financial instruments. Complete finished transaction – transaction, which consists of two opposite related transactions of similar volume. Contract specification – transaction terms (contract size, spread, initial margin, Limit & Stop Level, etc,) for each instrument. Conversion arbitrage transaction – deal for buy or sell of contract for financial instruments. It assumes making two deals for buy and sell of the contracts of similar volume. Demo trading account is the Client’s trading account with deposited funds, which have no cash equivalent value. Direction – direction of Client to open position, to close position, to place pending order, to modify or to delete pending order. Equity – current value of assets, which can be determined using the formula: Equity = Balance + Floating Profit - Floating Loss. Floating Profit – unrealized profit at open positions under the current rate values. Floating Loss – unrealized loss at open positions under the current rate values. Free Margin – free equity in a transaction account, which can be used to open a new position. Free Margin = Equity - Margin. Instruments – currency pairs, CFDs, and metals available for conducting trading transactions in compliance with specification of contracts presented on the Company’s website. Hedged margin is a guarantee requested by the dealer for opening and maintaining locked positions. Leverage – ratio of margin amount and amount of transaction. Leverage 1:100 means that in order to make a transaction, it is necessary to have in your account an amount that is 100 times less than the amount of transaction. Limit & Stop Levels – minimal distance in points between the level of placed pending order and the current price. Line Chart is a type of chart, which includes a series of closing prices per fixed period of time with the current price. In MetaTrader4 and MetaTrader5 trading terminals, lines are displayed at the level of Bid price. Locked positions - long and short positions of the same size that are open on the same instrument with the same trading account. Long position (Long) – position opened by Client in anticipation of instrument price increase. Lot is a unit to measure the amount of the deal. Margin – cash security to support open positions. Margin Level – ratio of Equity and Margin presented in percent, i.e., Margin Level = (Equity/Margin)*100. Margin trading – making deals using leverage. Market Execution – this mode assumes that your order will be executed using not the price you see on the screen, but the price, which exists at the market at the moment of order execution. This price can be either better or worse than the one the Client saw on the chart when pushing the "Buy" or "Sell" button. Members Area – an own private section at the Company’s website used by the Client to make transactions to withdraw and deposit funds from/to the trading account, as well as to receive information about his trading accounts. Non-market quotation – quotation, which satisfies the following conditions: existence of serious price gap and fast return of the price to the precedent level. Pending order – order to open or to close position in the future at specified price. This order is used to open transaction positions at the condition of parity of future quotation and specified level. Price gap (Gap) – price range, within which there were no quotations. Promotional benefit – any compensations, deposits, commissions, rebates, special conditions, etc. that were provided by the Company to the client in the framework of permanent promotional programs, one-time promo programs, individual agreements, affiliate agreements, etc. Quotation – instrument price figured in Ask or Bid price. Real trading account is the Client’s trading account with deposited funds, which have cash equivalent value. Server – set of software and hardware facilities, which are applied by the Company for processing transactions conducted by the Client in the trading account. Server log-file – file created by transaction server, which records all incoming Client’s orders and the results of their execution. Short position (Short) – position opened by Client in anticipation of instrument price decrease. Spread – difference between Ask and Bid quotation figured in points. Stop Out – order to compulsory position close generated by server. Swap – charge for transferring open position to the next day. It can be positive and negative. On6 Wednesday to Thursday night, the charge is threefold. Swap value for different platforms may differ. System of automatic depositing into account – set of software and hardware facilities, which make it possible for the Client to process depositing onto the account independently of Company’s employees. Trading account – special Client’s account opened at the Company’s server to maintain the Client Agreement, the Terms of Business and the Risk Disclosure. Trading account currency – currency to estimate profit or loss in trading account, and to withdraw and deposit from/to trading account. Trading transaction – transaction to buy or to sell a financial instrument.

Terms and Interpretation. Amount of transaction – product of number of lots and lot volume. Ask – price Client pays when buying. Balance – total financial result of all complete finished transactions and operations of depositing/withdrawing assets in the transaction account. Bar/Candlestick is an element of the chart, which includes opening and closing prices, as well as maximum and minimum prices per fixed period of time chosen by the Client. In MetaTrader4 and MetaTrader5 trading terminals, bars and candlesticks are displayed at the level of Bid price. Bid – price Client pays when selling. Chart is a tool for illustrating the price movement in graphics per fixed period of time with the help of bars/candlesticks or lines. In MetaTrader4 and MetaTrader5 trading terminals, prices are displayed at the level of Bid price. Client – individual or legal entity responsible for conversion arbitrage transactions with financial instruments on the Company’s server. Client’s terminal – software facility used by Client to direct orders to make transactions. Company – a legal entity responsible for performance of services to the Company on managing conversion arbitrage transactions under financial instruments. Complete finished transaction – transaction, which consists of two opposite related transactions of similar volume. Contract specification – transaction terms (contract size, spread, initial margin, Limit & Stop Level, etc,) for each instrument. Conversion arbitrage transaction – deal for buy or sell of contract for financial instruments. It assumes making two deals for buy and sell of the contracts of similar volume. Demo trading account is the Client’s trading account with deposited funds, which have no cash equivalent value. Direction – direction of Client to open position, to close position, to place pending order, to modify or to delete pending order. Equity – current value of assets, which can be determined using the formula: Equity = Balance + Floating Profit - Floating Loss. Floating Profit – unrealized profit at open positions under the current rate values. Floating Loss – unrealized loss at open positions under the current rate values. Free Margin – free equity in a transaction account, which can be used to open a new position. Free Margin = Equity - Margin. Instruments – currency pairs, CFDs, and metals available for conducting trading transactions in compliance with specification of contracts presented on the Company’s website. Hedged margin is a guarantee requested by the dealer for opening and maintaining locked positions. Leverage – ratio of margin amount and amount of transaction. Leverage 1:100 means that in order to make a transaction, it is necessary to have in your account an amount that is 100 times less than the amount of transaction. Limit & Stop Levels – minimal distance in points between the level of placed pending order and the current price. Line Chart is a type of chart, which includes a series of closing prices per fixed period of time with the current price. In MetaTrader4 and MetaTrader5 trading terminals, lines are displayed at the level of Bid price. Locked positions - long and short positions of the same size that are open on the same instrument with the same trading account. Long position (Long) – position opened by Client in anticipation of instrument price increase. Lot is a unit to measure the amount of the deal. Margin – cash security to support open positions. Margin Level – ratio of Equity and Margin presented in percent, i.e., Margin Level = (Equity/Margin)*100. Margin trading – making deals using leverage. Market Execution – this mode assumes that your order will be executed using not the price you see on the screen, but the price, which exists at the market at the moment of order execution. This price can be either better or worse than the one the Client saw on at the chart when pushing the "Buy" or "Sell" button. Members Area – an own private section at the Company’s website used by the Client to make transactions to withdraw and deposit funds from/to the trading account, as well as to receive information about his trading accounts. Non-market quotation – quotation, which satisfies the following conditions: existence of serious price gap and fast return of the price to the precedent level. Pending order – order to open or to close position in the future at specified price. This order is used to open transaction positions at the condition of parity of future quotation and specified level. Price gap (Gap) – price range, within which there were was no quotations. Promotional benefit – any compensations, deposits, commissions, rebates, special conditions, etc. that were provided by the Company to the client in the framework of permanent promotional programs, one-time promo programs, individual agreements, affiliate agreements, etc. Quotation – instrument price figured in Ask or Bid price. Real trading account is the Client’s trading account with deposited funds, which have cash equivalent value. Server – set of software and hardware facilities, which are applied by the Company for processing transactions conducted by the Client in the trading account. Server log-file – file created by transaction server, which records all incoming Client’s orders and the results of their execution. Short position (Short) – position opened by Client in anticipation of instrument price decrease. Spread – difference between Ask and Bid quotation figured in points. Stop Out – order to compulsory position close generated by server. Swap – charge for transferring open position to the next day. It can be positive and negative. On6 In the Wednesday to Thursday night, the charge is threefold. Swap value for different platforms may differ. System of automatic depositing into onto account – set of software and hardware facilities, which make it possible for to the Client to process depositing onto the account independently of Company’s employees. Trading account – special Client’s account opened at the Company’s server to maintain the Client Agreement, the Terms of Business and the Risk Disclosure. Trading account currency – currency to estimate profit or loss in trading account, and to withdraw and deposit from/to trading account. Trading transaction – transaction to buy or to sell a financial instrument. Trading volume is the total number of transactions performed on the Client’s account in terms of lots and absolute units. Suite 305, Xxxxxxxx Corporate Centre P.O. Box 1510, Beachmont, Kingstown St. Xxxxxxx and the Grenadines.