Closing Position definition

Closing Position means the process of termination of an opened position. Once this process is successfully completed, legal rights and obligations related to concerned position terminate together with the position, which is then closed.

Examples of Closing Position in a sentence

• By definition, they are not affected by outsourcing, therefore wages should not be affected.

• A position on a CFD Account shall be closed by executing a Closing Position.

• The financial result from Closing Position shall be converted into the Account Currency with the use of the current Company’s Exchange Rate, as at the moment of the Transaction.

• A Closing Position shall determine the rights or obligations arising from a previously Open Position.

• Financial result of Closing Position is settled by FXC on the day of closing.

• At that time any difference between the estimated Closing Position (used to facilitate the adoption of the Budget in early July) and the final (audited) position is determined and brought to account through the Q1 Budget Review in October.

• Should unfavorable market conditions arise, in particular if a price gap occurs, the execution price of Closing Position with the stop out mechanism may be so unfavorable that the losses suffered may exceed the Balance on particular Client’s Accounts.

• Any Closing Position shall result in the termination of all rights and obligations arising from such previously open position, unless stated otherwise herein.

• Financial result of the Closing Position is settled by AXIORY on the day of closing.

• The result of the Closing Position shall be settled on the day that position is closed.