Futures CFD definition

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Futures CFD means a CFD where Underlying Instrument is a future product;

Futures CFD means a CFD where the value of the contract derives its value from an underlying asset or instrument whose price is quoted on a futures market.

Examples of Futures CFD in a sentence

Details of the last day and time for closing out a Futures CFD, are available on request.
It is your responsibility to be aware of the last day and time for closing out a particular Futures CFD.
The Contract Unit of an Index Futures CFD will be the points total of the relevant Equity Index Futures Contract and our quoted prices in the relevant currency of the Equity Index Futures Contract at the relevant currency amount per index point (as specified in our PDS).
Where an Order for a Futures CFD is held overnight, the Order is not subject to a Swap Charge or Swap Credit.
Where an Order for a Futures CFD is held at the Close of Trade on the Close-Out Date, the Order is automatically rolled over meaning that the contract is closed, and a new Order is created for the Futures CFD on the next Trading Day at the new contract price.
VGP will not automatically roll over an Open Position for a Futures CFD held at the Close of Trade on the Close-Out Date unless VGP has provided reasonable notice to the Client of the Close-Out Date and the position remains open after this date.
The Opening Value of that replacement Index Futures CFD must equal the current Contract Price of the replacement Index Futures CFD multiplied by the applicable Contract Quantity.
The date on which such replacement Index Futures CFD will expire automatically under clause 6.2 of the Agreement will be the latest of the Expiry Dates of each of the original Index Futures CFDs.
If you are long and short on an Index Futures CFD, with effect immediately after Close of Business on the Closing Date, we will close the relevant long and short Positions and record in your Account the balance, if any, of your then outstanding long or short Position, as appropriate.
The provisions of this Agreement will then apply to such Index Futures CFD, but this will not affect the automatic closing of an Index Futures CFD under clause 6.2 of the Agreement, with effect that the 5 year period will run from the date on which the original Index Futures CFD was first entered into, and when that Index Futures CFD closes automatically under this clause 4.2 it will not be reopened in accordance with this clause 4.2.

More Definitions of Futures CFD

Futures CFD means CFD whose value fluctuates by reference to the fluctuations in the value of an underlying instrument, which is an equity index futures contract. Insolvency event means any of the following: a. An order is made that a corporate client be wound up; b. An application is made to a court for an order: i. that a corporate client be wound up; ii. appointing a liquidator or provisional liquidator for a corporate client; c. A liquidator, provisional liquidator or controller is appointed to a corporate client; d. A resolution is passed to appoint an administrator to a corporate client; e. You enter into a deed of company arrangement or propose a reorganisation, moratorium or other administration involving all or any of your creditors; f. A corporate client is dissolved or wound up in any other way; g. You are or state that you are unable to pay your debts as and when they fall due; h. You are or state that you are insolvent; i. You seek or obtain protection from any of your creditors under any legislation; j. You become insolvent or commit an act of bankruptcy or your estate comes within the law dealing with bankrupts; k. A bankruptcy petition is presented in respect of you or, if a partnership, in respect of one or more of the partners, or if a company, a receiver, trustee, administrative receiver or similar officer is appointed; l. If execution is levied against your business or your property and is not removed, released, lifted, discharged or discontinued within 28 days; m. You seek a moratorium or propose any arrangement or compromise with your creditors; n. Any other event having substantially the same legal effect as the events specified in Paragraphs (a) to (n) above; o. Any security created by any mortgagee or charge becomes enforceable against you and the mortgagee or chargee takes steps to enforce the security or charge; p. Any indebtedness of you or any of your related corporations becomes immediately due and payable, or capable of being declared so due and payable, prior to its stated maturity by reason of your default or the default of any of your subsidiaries, or you or any of your subsidiaries fail to discharge any indebtedness on its due date; q. You fail fully to comply with any obligations under this Agreement or any Margin FX contract or CFD; r. Any of the representations or warranties given by you are, or become, untrue; s. We reasonably consider it necessary for our own protection or the protection of our Associates.

Futures CFD means a CFD where the value of the contract derives its value from an underlying asset or instrument whose price is quoted on a futures market. Fully Hedged Position means an Open Position that is equal and opposite of another Open Position. Guarantor means any person(s) identified as such in the Application Form. Hedged Position is as defined in clause 3.7. Instruction means any instruction or request given by the Client to VBTRADETECH FX relating to the execution of a Financial Product as provided for under clause 8.2. Insolvency Event means any steps taken for: the winding‐up, dissolution or administration of the Client; the Client to enter into any arrangement, compromise or composition with or assignment for the benefit of its creditors or any class of them except for the purposes of a solvent reconstruction or amalgamation; or a receiver, receiver and manager, or other controllers, administrator or similar officer to be appointed with respect to, or takes control of, the Client or any of the Client’s assets and undertakings. Law means any local or foreign law, regulation or judgment, court order or sanctions regimes which VBTRADETECH FX is subject to. Long Party means in respect of any Order the party identified in the Trade Confirmation Notice as having notionally bought the underlying asset or assets to the OTC derivative contract.

Futures CFD means a CFD where Underlying Instrument is a future product; EXPIRY DATE means the day on which a Contract expires;

Futures CFD is a form of CFD that gives exposure to changes in the value of a futures contract. It is not a futures contract traded on any exchange and it cannot result in the delivery of any Instrument to or by you;

Futures CFD. CFD contract whose value is derived from a listed futures market asset. • Fully Hedged Position: An open position that is equal and opposite to another open position. • Guarantor: Person identified in the application form as the guarantor.

Futures CFD means a CFD whose value fluctuates by reference to the fluctuations in the value of an Underlying Instrument, which is an Index futures contract; INDEX* means a stock exchange or other index which is, or forms part of or is referenced by, an Underlying Instrument; INDEX CASH CFD* means a CFD whose value fluctuates by reference to the fluctuations in the value of an Underlying Instrument, which is an Index and that may incur an overnight Financing Charge or Financing Benefit; INDEX CFD* means an Index Cash CFD or an Index Futures CFD;

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