CFD Transaction definition
Examples of CFD Transaction in a sentence
Details of the Spread that is applied when a particular expiring CFD Transaction is closed at the Settlement Price will be determined (a) by your account type; and (b) based on the standard Contract Specifications which are available upon request.
If you do not close open positions in respect of an expiring CFD Transaction on or before the last trading day, subject to Contract Specification notification, we will automatically close your open positions as soon as we have established the Settlement Price of the expiring CFD Transaction.
The Settlement Price of the expiring CFD Transaction, will be (a) the last traded price at or prior to the close or the applicable official closing quotation or price in the relevant underlying market as calculated and stated by the relevant exchange; and (b) any Spread that applies to your account when such an expiring CFD Transaction is closed.
As per the provisions of Clause 3.4 of this Agreement, in case where any spot forex Transaction or spot CFD Transaction is not closed-out by the Client prior to 5:00pm Eastern Time on the business day such spot Transactions are entered into, HYCM will automatically rollover such spot Transactions and apply the relevant fee.