Use of LME Data. Prices and other data emanating directly or indirectly from the LME (“LME Data”) that might be displayed, from time to time, on the IB Trader Workstation are subject to the terms of a licence agreement between IBIE and the LME. The Client acknowledges that (a) any calculation that IBIE might create using the LME Data is different and distinct from the prices quoted by the LME; (b) the LME retains all the intellectual property rights over the LME Data, including those referred to in derived calculations. The Client is prohibited from coping, distributing, transmitting or otherwise making available to third parties any of the LME Data displayed on the IB Trader Workstation. Schedule 4 – Stock Yield Enhancement Program The terms of this Schedule 4 are applicable to you if you have elected to participate in IBIE’s Stock Yield Enhancement Program (the “SYEP”). If there is any conflict between the terms of this Schedule and the terms in the rest of this Agreement, the terms of this Schedule will prevail with respect to the SYEP. The SYEP allows you to earn an income stream by lending securities to IBIE (each such loan of securities, a “Securities Loan”), who may on-lend those securities to one of its affiliates or to an unrelated third party participant in the securities lending market who wants to borrow those securities. In return for a Securities Loan, IBIE will transfer cash collateral to your account with IBIE and pay to you interest on that cash collateral. Despite the use of expressions such as “borrow” or “lend”, which are used to reflect terminology used in the securities lending market, title to securities “borrowed” by or “lent” to IBIE in accordance with this Schedule shall pass from you to IBIE as provided for in this Schedule, with IBIE being obliged to deliver equivalent securities to you upon termination of the loan. When IBIE borrows securities from you, IBIE will exercise its right of use set out in Clause 4B(ii) of this Agreement. By electing to participate in the SYEP, you confirm that you understand and acknowledge the risk incurred by the granting the right of use, as set forth in Appendix 3 of this Agreement under the “Information Statement in accordance with Article 15 of the Securities Financing Transactions Regulation”. Please carefully review the information statement set out in Appendix 3 of this Agreement.
Use of LME Data. Prices and other data emanating directly or indirectly from the LME (“LME Data”) that might be displayed, from time to time, on the IB TWS are subject to the terms of a licence agreement between IBUK and the LME. The Client acknowledges that (a) any calculation that IBUK might create using the LME Data is different and distinct from the prices quoted by the LME; (b) the LME retains all the intellectual property rights over the LME Data, including those referred to in derived calculations. The Client is prohibited from coping, distributing, transmitting or otherwise making available to third parties any of the LME Data displayed on the IB TWS.
Use of LME Data. Prices and other data emanating directly or indirectly from the LME (“LME Data”) that might be displayed, from time to time, on the IB Trader Workstation are subject to the terms of a licence agreement between IB UK and the LME. Client acknowledges that (a) any calculation that IB UK might create using the LME Data is different and distinct from the prices quoted by the LME; (b) the LME retains all the intellectual property rights over the LME Data, including those referred to in derived calculations. Client is prohibited from coping, distributing, transmitting or otherwise making available to third parties any of the LME Data displayed on the IB Trader Workstation.
Use of LME Data. Prices and other data emanating directly or indirectly from the LME (“LME Data”) that might be displayed, from time to time, on the IB Trader Workstation are subject to the terms of a licence agreement between IBLUX and the LME. The Client acknowledges that (a) any calculation that IBLUX might create using the LME Data is different and distinct from the prices quoted by the LME; (b) the LME retains all the intellectual property rights over the LME Data, including those referred to in derived calculations. The Client is prohibited from coping, distributing, transmitting or otherwise making available to third parties any of the LME Data displayed on the IB Trader Workstation. If you were to elect to be treated as a “professional client” rather than a “retail client”, you would lose the benefit of certain protection under the MiFID II Rules which you would otherwise have (you may choose to be treated as a “professional client” instead of a “retail client” for certain transactions only, or for all of your transactions). Those of material relevance to the services we provide are described below.
1. Description of the nature and risks of packaged investments
(i) inform retail clients if the risks resulting from the agreement are likely to be different from the risks associated with the components when taken separately; and
(ii) provide retail clients with an adequate description of the different components of the agreement and the way in which its interaction modifies the risks. The above requirements do not apply in respect of professional clients.
2. Investor protection measures on the provision of Contracts for Differences (“CFDs”)
(i) New leverage limits on the opening of a position, which vary according to the volatility of the underlying.
(ii) A margin close out rule on a per account basis that standardises the percentage of margin at which providers are required to close out one or more open CFDs.
(iii) Negative balance protection on a per account basis.
(iv) A restriction on the incentives offered to trade CFDs.
(v) A standardised risk warning, including the percentage of losses on a CFD provider’s retail investor accounts. The above requirements do not apply in respect of professional clients.
