Common use of Settling Contract Clause in Contracts

Settling Contract. You must pay all funds we tell you to pay concerning a Contract (including any applicable transfer charges) in full into a client account we specify. We must receive the payment on or before the Settlement Date and Time (or an earlier date we may specify) for the full value of the currency to be sold by you under the Contract. Please see the Client Help Center for more information on the cut off times. If funds do not reach us as set out above, we can choose to carry out the exchange transaction on the next settlement day and apply a charge in line with our Commercial Agreement with the Agent, or Close Out the Contract. Where possible, we’ll give you notice before carrying out the transaction on the next settlement day. We’ll deliver bought currency funds into your Currencycloud Account on a specified Contract Delivery Date.

Settling Contract. You must pay all funds we tell you to pay concerning a Contract (including any applicable transfer charges) in full into a client account we specify. We must receive the payment on or before the Settlement Date and Time (or an earlier date we may specify) for the full value of the currency to be sold by you under the Contract. Please see the Client Help Center for more information on the cut off times. If funds do not reach us as set out above, we can choose to carry out the exchange transaction on the next settlement day and apply a charge in line with our Commercial Agreement with the Agentyour Business Introducer, or Close Out the Contract. Where possible, we’ll give you notice before carrying out the transaction on the next settlement day. We’ll deliver bought currency funds into your Currencycloud Account on a specified Contract Delivery Date.