Common use of Swaps and Swap Free Accounts Clause in Contracts

Swaps and Swap Free Accounts. Swaps are calculated according to the Contract Specification found on the Company’s Website. The Client may use the “Trader Calculator” on the Website in order to calculate the cost of Swap for a specifictrade. Where applicable, swap operations are carried out daily at 10:00 pm according to the time of the Client Terminal, except on Saturday and Sunday. At 10:00 pm on Wednesday or on Friday (depending on the Underlying Asset), the triple cost of the Swap operation is added to/charged off the Client Account. Swap amounts less than 0.01 units in the Client’s respective account currency will not be credited. The Company maintains the right to change Swaps without prior notification to the Client. It is the Client’s responsibility to monitor and always be aware of Swap charges. The Company may offer Swap free Client Accounts for all Underlying Assets and/or Swap free Client Accounts for specified Underlying Assets. Swap operation is not performed on Swap free Client Accounts and/or on Underlying Assets not subject to Swaps. The Company in its discretion may change the Underlying Assets available for Swap free Client Accounts. Not all account types may be Swap free Client Accounts. Only those account types and/or Underlying Assets specified on the website from time to time may be Swap Free provided that the Client is eligible for Swap free status in accordance with paragraph 5.6 and 5.7 of Part E below. Moreover, the Company may in its sole discretion change the account types and/or the Underlying Assets eligible for Swap free status. During the Account Opening process, Clients from Islamic Countries will be considered as eligible for a Swap free Account. This is determined according to identification information and/or the phone number of the Client on the Account Opening Application Form. At the Company’s discretion, Clients from non-Islamic Countries might be considered as eligible for a Swap free status Client Account. In such a case, Company retains the right to define from time to time theSwap free levels and Client’s eligibility for these levels as these shall be stated in the Contract Specifications or the Company’s Website. Swap free Client Account status and/or Swap free levels might be automatically assigned to the Client at the Company’s discretion and Client shall not have the right to decline, modify or cancel any of them. The Company reserves the right to change, modify or cancel the Swap free Client Account and/or Swap free levels at its discretion at any time. Subject to paragraph 5.3 Of Part E of the Client Agreement, If the Client has a Swap free Client Account, no Swaps or roll over charges will be applied to trading positions overnight. Any charges applicable to Swap free Client Accounts appear in the Contract Specifications or on the Company’s Website. All the provisions herein in this entire Agreement apply to Swap free Client Accounts save any mentions to Swaps. The Client who has a Swap free Client Account may not hold his floating positions for a long time period and hence gain profits. In such an event, the Client must close the floating positions and Swaps will be applied retroactively. The Company reserves the right to cancel, amend, terminate Swap free status of Client's Account and/or Swap free levels at its sole discretion and without prior notice without bearing any responsibility orliability in this regard.

Swaps and Swap Free Accounts. 5.1 Swaps are calculated according to the Contract Specification found on the Company’s WebsiteWebsite and/or the Key Facts Statement. The Client may use the “Trader Calculator” on the Website in order to calculate the cost of Swap for a specifictrade. specific trade. 5.2 Where applicable, swap operations are carried out daily at 10:00 pm during Winter time and 09:00 pm during Summer Time according to the time of the Client Terminal, except on Saturday and Sunday. At 10:00 pm during Winter time and 09:00 pm during Summer Time on Wednesday or on Friday (depending on the Underlying Asset), the triple cost of the Swap operation is added to/charged off the Client Account. Swap amounts less than 0.01 units in the Client’s respective account currency will not be credited. Swaps may change daily and might be subject to additional price adjustments (depending on the Underlying Asset). 5.3 The Company maintains the right to change Swaps for any Underlying Asset at any time with or without prior notification to the Client. It The applicable Swaps will be reflected on the Company’s official website and/or the Key Facts Statement and it is the Client’s responsibility to monitor and always be aware of Swap charges. . 5.4 The Company may offer Swap free Client Accounts for all Underlying Assets and/or Swap free Client Accounts for specified Underlying Assets. Swap operation is not performed on Swap free Client Accounts and/or on Underlying Assets not subject to Swaps. The Company in its discretion may change the Underlying Assets available for Swap free Client Accounts. . 5.5 Not all account types may be Swap free Client Accounts. Only those account types and/or Underlying Assets specified on the website from time to time may be Swap Free provided that the Client is eligible for Swap free status in accordance with paragraph 5.6 and 5.7 of Part E below. Moreover, the Company may in its sole discretion change the account types and/or the Underlying Assets eligible for Swap free status. . 5.6 During the Account Opening process, Clients from Islamic Countries and/or having Islamic/Muslim religious beliefs will be considered as eligible for a Swap Swap-free Account. This is determined according to by the Company at its sole discretion, in accordance with the identification information and/or the phone number and/or proof of religion of the Client on the Account Opening Application FormForm and/or other documentation requested by the Company from time to time. The Company reserves the right at any given time to suspend Swap-Free status or deny or remove it if the client does not originate and/or resides in an Islamic country and/or does not satisfy Islamic/Muslim religious beliefs and/or other conditions imposed by the Company from time to time. 5.7 At the Company’s discretion, Clients from non-Islamic Countries might be considered as eligible for a Swap free status Client Account. In such a case, Company retains the right to define from time to time theSwap the Swap free levels and Client’s eligibility for these levels as these shall be stated in the Contract Specifications or the Company’s Website. Swap free Client Account status and/or Swap free levels might be automatically assigned to the Client at the Company’s discretion and Client shall not have the right to decline, modify or cancel any of them. The Company reserves the right to change, modify or cancel the Swap free Client Account and/or Swap free levels at its discretion at any time. the 5.8 Subject to paragraph 5.3 Of of Part E of the Client Agreement, If the Client has a Swap free Client Account, no Swaps or roll over charges will be applied to trading positions overnight. Any charges applicable to Swap free Client Accounts appear in the Contract Specifications or on the Company’s Website. Website or on the Key Facts Statements. 5.9 All the provisions herein in this entire Agreement apply to Swap free Client Accounts save any mentions to Swaps. . 5.10 The Client who has a Swap free Client Account may not hold his floating positions for a long time period and hence gain profits. In such an event, the Client must close the floating positions and Swaps will be applied retroactively. . 5.11 The Company reserves the right to cancel, amend, terminate Swap free status of Client's Account and/or Swap free levels at its sole discretion and without prior notice without bearing any responsibility orliability or liability in this regard.

Swaps and Swap Free Accounts. 5.1 Swaps are calculated according to the Contract Specification Specification found on the Company’s Website. The Client may use the “Trader Calculator” on the Website in order to calculate the cost of Swap for a specifictrade. specific trade. 5.2 Where applicable, swap operations are carried out daily at 10:00 pm according to the time of the Client Terminal, except on Saturday and Sunday. At 10:00 pm on Wednesday or on Friday (depending on the Underlying Asset), the triple cost of the Swap operation is added to/charged off off the Client Account. Swap amounts less than 0.01 units in the Client’s respective account currency will not be credited. . 5.3 The Company maintains the right to change Swaps without prior notification notification to the Client. It is the Client’s responsibility to monitor and always be aware of Swap charges. . 5.4 The Company may offer offer Swap free Client Accounts for all Underlying Assets and/or Swap free Client Accounts for specified specified Underlying Assets. Swap operation is not performed on Swap free Client Accounts and/or on Underlying Assets not subject to Swaps. .The Company in its discretion may change the Underlying Assets available for Swap free Client Accounts. . 5.5 Not all account types may be Swap free Client Accounts. Only those account types and/or Underlying Assets specified specified on the website from time to time may be Swap Free provided that the Client is eligible for Swap free status in accordance with paragraph 5.6 and 5.7 of Part E below. Moreover, the Company may in its sole discretion change the account types and/or the Underlying Assets eligible for Swap free status. During the Account Opening process, Clients from Islamic Countries will be considered as eligible for a Swap free Account. This is determined according to identification information and/or the phone number of the Client on the Account Opening Application Form. At the Company’s discretion, Clients from non-Islamic Countries might be considered as eligible for a Swap free status Client Account. In such a case, Company retains the right to define from time to time theSwap free levels and Client’s eligibility for these levels as these shall be stated in the Contract Specifications or the Company’s Website. Swap free Client Account status and/or Swap free levels might be automatically assigned to the Client at the Company’s discretion and Client shall not have the right to decline, modify or cancel any of them. The Company reserves the right to change, modify or cancel the Swap free Client Account and/or Swap free levels at its discretion at any time. Subject to paragraph 5.3 Of Part E of the Client Agreement, If the Client has a Swap free Client Account, no Swaps or roll over charges will be applied to trading positions overnight. Any charges applicable to Swap free Client Accounts appear in the Contract Specifications or on the Company’s Website. All the provisions herein in this entire Agreement apply to Swap free Client Accounts save any mentions to Swaps. The Client who has a Swap free Client Account may not hold his floating positions for a long time period and hence gain profits. In such an event, the Client must close the floating positions and Swaps will be applied retroactively. The Company reserves the right to cancel, amend, terminate Swap free status of Client's Account and/or Swap free levels at its sole discretion and without prior notice without bearing any responsibility orliability in this regard.