Closed Position Clause Samples

The 'Closed Position' clause defines the point at which a transaction or contract is considered finalized and no further obligations or exposures remain between the parties regarding that specific transaction. In practice, this clause typically specifies the conditions or events—such as payment settlement, delivery of goods, or completion of services—that must occur for the position to be deemed closed. By clearly establishing when a position is closed, the clause helps prevent disputes over ongoing responsibilities and ensures both parties have a mutual understanding of when their obligations end.
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Closed Position. An Open Position that was closed by the means of a Closing Position instruction, or by executing a Reverse Transaction; Durable Medium Any medium which enables the storage of information in a way accessible for future reference for a period of time adequate to the purposes of the information Financial Instruments Instruments that can be traded by the Client (like or example CFDs); FRNG FRNG Ltd., company registered in Nigeria; FRNG Office The representative office of FRNG in Nigeria, specified on the Website; RALLYTRADE Website (Website) The RallyTrade website: ▇▇▇.▇▇▇▇▇.▇▇▇▇▇. Domain and all of its sub domains, landing pages and/or other connected modules; Partner Agreement Agreement concluded between RallyTrade and the Partner for provision of Partner services Partner Commissions Commissions and fees as they are described in the IB Commissions Table; Introducing Broker (IB) A natural or legal person which promotes RallyTrade’s services and introduces potential clients to RallyTrade at their own discretion; Lot A specific unit of volume that is defined for each particular Financial Instrument in the Specification Tables; Net Spread The difference between the Spread applied to a Client’s trade and Rally Trade’s cost for executing the cost (including but limited to liquidity provision, technology usage, settlements, etc.) expressed as percentage of spread. Open Position A position that was opened, but not yet closed; Specification Tables Specifications Tables as they are defined in the Client Agreement, containing: CFD Specification Tables ● Margin Table ● Commissions Table; ● Swap Points Table; ● Limits Table Spread The difference between the bid and ask price; Standard Account Trading Account where the Client can conclude Transactions according to the conditions stipulated in Order Executions Policy, and any other provisions of the Client Agreement; Trading Platform An electronic Platform that is made available by RallyTrade for the Clients under the provisions of the Client Agreement; Transaction An operation of selling or buying a Financial Instrument on a Trading Account;
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Closed Position the result of the Trade’s termination regarding the relevant Open Position.
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Closed Position any position that has not been left open. For example, an open short (i.e. sale) position that has been covered by the opposite long (i.e. buy) position and vice versa.
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Related to Closed Position

  • Excluded Positions When a College temporarily assigns an employee to the duties and responsibilities of a position excluded from the provisions of this Collective Agreement, the employee's obligations to contribute to the regular monthly Union dues under Article 5.4 and his/her seniority shall continue during the period of such temporary assignment up to a maximum period of twelve

  • New Position An approved position not reflected in the current year budget complement.

  • Term Position A position occupied by a full-time or part-time nurse for a specified period of time, up to a maximum of sixty (60) weeks, where patient/client/resident census or workload necessitates a temporary increase in staffing, if mutually agreed, to replace a nurse(s) who is/are on vacation or leave of absence, or to carry out a special short term project or where the Employer has provided notice of permanent deletion of position(s) under the Memorandum of Understanding regarding Employment Security, or as otherwise mutually agreed between the Union and the Employer. If the Employer determines there is a term position to be filled by a nurse, the term position shall be posted in accordance with Article 30. This shall not preclude the Employer from utilizing part-time nurses and/or casual nurses to work available shifts as specified in Articles 34 and 35 when the Employer decides that a term position is not required. The Employer shall provide written confirmation of the start and expiry dates of the term position prior to the nurse's commencement in the position. This period may be extended if the Employer so requests and the Union agrees. The maximum duration specified in paragraph 1 above for term positions shall not apply in situations where a nurse is absent indefinitely due to Workers Compensation and/or illness and/or accident or where there is a temporary vacancy due to leave for Public Office. In these cases, the Employer shall state on the job posting that the said term position is an "Indefinite Term" which will expire subject to a minimum of twenty-four

  • Filling Vacant Positions During the time the procedures outlined herein are in effect, position vacancies to be filled shall first be offered to regular employees who have a contractual right to be recalled to a position in the involved job classification or who may have a right to “bump” or transfer to the position, as the case may be. In such circumstances, the seniority provisions of the Agreement shall be observed. If no regular employee has a contractual right to the position, the following shall be given consideration in the order (priority) indicated below: 1st Priority: Qualified Job Bank employees 2nd Priority: Employees on a recall list 3rd Priority: Employee applicants from a list of eligibles 4th Priority: Displaced certified temporary employees 5th Priority: Non-employee applicants from a list of eligibles The qualifications of an employee in the Job Bank or on a recall list shall be reviewed to determine whether they meet the qualifications for a vacant position. Whether the employee can be trained for a position within a reasonable time (not to exceed three months) shall be considered when determining the qualifications of an employee. If it is determined that the employee does not meet the qualifications for a vacant position, the employee may appeal to the Director of Human Resources. If it is determined that an employee in the Job Bank is qualified for a vacant position, the employee shall be selected. The appointing authority may appeal the issue of whether the employee is qualified. The dispute shall be presented to and resolved by the Job Bank Steering Committee. If it is determined that an employee on a recall list is qualified for a vacant position, the employee will be given priority consideration and may be selected. Appeals regarding employees on a recall list and their qualifications for a position will be handled by the Civil Service Commission. The grievance procedure under the Labor Agreement shall not apply to determinations as to qualifications of the employee for a vacant position.

  • Vacant Positions An employee on the reinstatement roster may bid on a vacant position in a different classification in the same manner as any other regular employee pursuant to this agreement.