Common use of Closing Positions Clause in Contracts

Closing Positions. Client needs to procure that the Personal Page has a zero balance no later than the date on which the Client Agreement will be terminated and within 5 Trading Days after the immediate termination by ▇▇▇▇▇▇. If there is still a balance in Foreign Currency or Financial Instruments after that date, ▇▇▇▇▇▇ is authorised to close these positions. A balance in money that remains after closing all positions in Foreign Currency and Financial Instruments and after all obligations of Client to DEGIRO and SPV have been fulfilled, will be transferred to the Bank Account by ▇▇▇▇▇▇. If it is possible that after termination of the Client Agreement further costs or losses will arise in relation to the transactions or positions of Client, then DEGIRO is entitled to hold all or part of the remaining balance until such costs or losses are paid or until it has become clear that such costs or losses will not be incurred.

Closing Positions. Client needs to procure that the Personal Page has a zero balance no later than the date on which the Client Agreement will be terminated and within 5 Trading Days after the immediate termination by ▇▇▇▇▇▇. If there is still a balance in Foreign Currency or Financial Instruments after that date, ▇▇▇▇▇▇ is authorised to close these positions. - A balance in money that remains after closing all positions in Foreign Currency and Financial Instruments and after all obligations of Client to DEGIRO and SPV have been fulfilled, will be transferred to the Bank Account by ▇▇▇▇▇▇. If it is possible that after termination of the Client Agreement further costs or losses will arise in relation to the transactions or positions of Client, then DEGIRO is entitled to hold all or part of the remaining balance until such costs or losses are paid or until it has become clear that such costs or losses will not be incurred.

Closing Positions. The Client needs to procure that the Personal Page has a zero balance no later than the date on which the Client Agreement will be terminated and within 5 Trading Days after the immediate termination by ▇▇▇▇▇▇. If there is still a balance in Foreign Currency or Financial Instruments after that date, ▇▇▇▇▇▇ is authorised to close these positions. A balance in money Money that remains after closing all positions in Foreign Currency and Financial Instruments and after all obligations of the Client to towards DEGIRO and SPV have been fulfilled, will be transferred to the Bank Reference Account by ▇▇▇▇▇▇. If it is possible that after termination of the Client Agreement further costs or losses will arise in relation to the transactions or positions of the Client, then DEGIRO is entitled to hold retain all or part of the remaining balance (in such proportion as is reasonable in relation to the expected costs or losses) until such costs or losses are paid or until it has become clear that such costs or losses will not be incurred.