Common use of INTEREST CHARGES ON OPEN MARGIN FX POSITIONS Clause in Contracts

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP in accordance with this clause: (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRate, VGP must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (c) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 a) Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP Moonance in accordance with this clause: (a) i. if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP Moonance must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ; ii. if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP Moonance interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) iii. if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP Moonance must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (c) iv. if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP Moonance interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 b) Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. c) Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Moonance a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. d) Swap Charges or Swap Credits and Moonance’ transaction fee are calculated and applied to your account at the beginning of the next Trading Day e) No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP in accordance with this clause: (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (c) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP HoldingFx in accordance with this clause: (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP HoldingFx must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay HoldingFx interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (c) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP HoldingFx must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (cd) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP HoldingFx interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP Axel Private Market Limited in accordance with this clause: (ai) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP Axel Private Market Limited must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ; (ii) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP Axel Private Market Limited interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (biii) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP Axel Private Market Limited must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (civ) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP Axel Private Market Limited interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 . Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. Where an Order for a Margin FX contract is held overnight, the Client agrees to pay ▇▇▇▇ Private Market Limited a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. Swap Charges or Swap Credits and Axel Private Market Limited’s transaction fee are calculated and applied to your account at the beginning of the next Trading Day. No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP ▇▇▇▇ ▇▇▇▇▇ in accordance with this clause: (a) i. if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP Rich Smart must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ; ii. if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP Rich Smart interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) iii. if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP Rich Smart must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (c) iv. if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP Rich Smart interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 . Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. Where an Order for a Margin FX contract is held overnight, the Client agrees to pay ▇▇▇▇ ▇▇▇▇▇ a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. Swap Charges or Swap Credits and ▇▇▇▇ ▇▇▇▇▇’▇ transaction fee are calculated and applied to your account at the beginning of the next Trading Day. No Swap Charge, Swap Credit, or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP VT Global in accordance with this clause: (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP VT Global must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VT Global interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (c) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP VT Global must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (cd) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP VT Global interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP in ZHGin accordance with this clause: (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRate, VGP ZHG must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP ZHG interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP must ZHGmust pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (c) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP ZHG interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP Global Femic Services Limited in accordance with this clause: (a) i. if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP Global Femic Services Limited must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ; ii. if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP Global Femic Services Limited interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) iii. if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP Global Femic Services Limited must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (c) iv. if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP Global Femic Services Limited interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 . Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. Where an Order for a Margin FX contract is held overnight, the Client agrees to pay Global Femic Services Limited a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. Swap Charges or Swap Credits and Global Femic Services Limited’s transaction fee are calculated and applied to your account at the beginning of the next Trading Day. No Swap Charge, Swap Credit, or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP ▇▇▇▇ Private Capital in accordance with this clause: (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP ▇▇▇▇ Private Capital must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay ▇▇▇▇ Private Capital interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (c) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP ▇▇▇▇ Private Capital must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (cd) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP ▇▇▇▇ Private Capital interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP IOTA Markets in accordance with this clause: (ai) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP IOTA Markets must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; ; (ii) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP IOTA Markets interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (biii) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP IOTA Markets must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (civ) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP IOTA Markets interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 . Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday. Where an Order for a Margin FX contract is held overnight, the Client agrees to pay IOTA Markets a transaction fee of up to 10% of the value of the Swap Charge or Swap Credit. Swap Charges or Swap Credits and IOTA Markets’s transaction fee are calculated and applied to your account at the beginning of the next Trading Day. No Swap Charge, Swap Credit or transaction fee is payable where an Order for a Margin FX contract is opened and closed on the same Trading Day.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP UM in accordance with this clause: (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP UM must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP UM interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP UM must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (c) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP UM interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday.

INTEREST CHARGES ON OPEN MARGIN FX POSITIONS. 20.1 Where an Order for a Margin FX contract is held overnight, the Order is subject to a Swap Charge or Swap Credit (unless the account is a Swap Free Account) determined by VGP Equity Advisers in accordance with this clause: (a) if the Client is the Long Party and the Bought Swap Rate is higher than the Sell SwapRateSwap Rate, VGP Equity Advisers must pay you interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay VGP interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (b) if the Client is the Long Party and the Bought Swap Rate is less than the Sell Swap Rate, the Client must pay Equity Advisers interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; (c) if the Client is the Short Party and the Sell Swap Rate is higher than the Bought Swap Rate, VGP Equity Advisers must pay the Client interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate; and (cd) if the Client is the Short Party and the Sell Swap Rate is lower than the Bought Swap Rate, the Client must pay VGP Equity Advisers interest on the Open Position of any Orders at the rate that is the Bought Swap Rate minus the Sell Swap Rate. 20.2 Where an Order for a Margin FX contract is held at the Close of Trade on a Wednesday, the Swap Charge or Swap Credit is adjusted to reflect interest rate changes in the Currency Pair until the following Monday.