Master Netting. Despite any other Term of this Schedule or elsewhere, the net payment obligation which arises under the other previsions of this Schedule 2 must first be applied in setting off against amounts standing to the credit or debit of the Account, so that the Balance will be increased or decreased by application for that netted obligation’s amount, unless FP Markets in its discretion waives that to some or all of the extent of that amount. Client acknowledges that FP Markets would not agree to the Account but for each of the Client and FP Markets being bound by this master netting.
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Sources: Retail Client Account Terms, Retail Client Account Terms and Conditions
Master Netting. Despite any other Term of this Schedule or elsewhere, the net payment obligation which arises under the other previsions provisions of this Schedule 2 must first be applied in setting off against amounts standing to the credit or debit of the Account, so that the Balance will be increased or decreased by application for that netted obligation’s amount, unless FP Markets in its discretion waives that to some or all of the extent of that amount. Client acknowledges that FP Markets would not agree to the Account but for each of the Client and FP Markets being bound by this master netting.
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