Common use of Operation of Multi-Currency Accounts Clause in Contracts

Operation of Multi-Currency Accounts. The Interactive Multi-Currency account function gives users the ability to trade securities or commodities denominated in different currencies using a single account denominated in a “base” currency of the user’s choosing. Users choose a base currency, and balances, positions and Margin Requirements will be calculated and displayed in the base currency. When a user purchases a security or commodity denominated in a currency other than the base currency, a margin loan is established to fund the purchase. This margin loan is secured by funds held by Interactive in the user’s base currency and in other currencies and by account securities and commodities positions to the extent allowed by the Laws and Regulations.

Operation of Multi-Currency Accounts. The Interactive Multi-Currency account function gives users the ability to trade securities or commodities denominated in different currencies using a single account denominated in a “"base” " currency of the user’s 's choosing. Users choose a base currency, and balances, positions and Margin Requirements will be calculated and displayed in the base currency. When a user purchases a security or commodity denominated in a currency other than the base currency, a margin loan is established to fund the purchase. This margin loan is secured by funds held by Interactive in the user’s 's base currency and in other currencies and by account securities and commodities positions to the extent allowed by the Laws and Regulations.