Common use of Rollover and Swap Fee Clause in Contracts

Rollover and Swap Fee. a) Each outstanding Trade is automatically valued and rolled over by ▇▇▇▇▇▇. This is referred to as the “Rollover” of a Trade. b) Atossa is entitled to the interest on the debit or credit value of the Trade that has been rolled over (“the Swap Fee”). The Swap Fee is calculated and levied with reference to Trades in which both long and short positions are held. It shall be in the sole and absolute direction of Atossa as to whether to waive the Swap Fee in respect of the Rollover of any Trade. c) Atossa determines the value of the Trade as at the Close of Business. d) Atossa determines the interest at which the Swap Fee is calculated.