CFD Orders Sample Clauses

CFD Orders. 3.1. Following the Effective Date, the Client may place a Purchase CFD Order or, limited to Leveraged Transactions, a Sell CFD Order to (a) enter into a new Transaction with Clarity, or (b) Close-out an existing CFD. CFD Orders may be placed via the Trading Platform. 3.2. The Client may only place Sell CFD Orders in respect of Leveraged Transactions. 3.3. All the CFD Orders placed on the Trading Platform will be (a) Limit CFD Orders, (b) Market CFD Orders, or (c) Stop CFD Orders. These types of CFD Orders and certain features of these CFD Orders are described in greater detail in Schedule 1 to these CFD Terms and Conditions. 3.4. When placing a CFD Order, the Client is responsible for ensuring that there are sufficient Available Funds in the Margin Account (for Leveraged Transactions) and/or the Wallet (for Transactions, excluding Leveraged Transactions) to cover the anticipated Reserved Amount required in respect of the CFD Order and CFD Initial Margin payable on the purchase or sale of each new CFD or Close-out Margin payable on Close-out of an existing CFD. 3.5. The Client may not place any new CFD Orders if any amount due (including, but not limited to, any CFD Initial Margin, Close-out Margin, Overnight Long, Manufactured Payments, bank charges, indemnified amounts or Margin Adjustment Payments) under these CFD Terms and Conditions or any other Transaction Document is due and payable, but unpaid, at the time payment is required. 3.6. The Client’s failure to complete all required fields when placing a new CFD Order on the Trading Platform may result in the CFD Order being rejected. 3.7. Clarity may accept or reject a CFD Order in whole or in part, in its sole discretion. No CFD will come into existence as a result of a CFD Order until such time as Clarity accepts the CFD Order. A CFD Order placed by the Client will become binding on the Client upon acceptance by Clarity. 3.8. Nothing in this clause 3 limits Clarity’s ability, in its sole discretion, to accept an Open CFD Order placed by the Client by means other than in accordance with this clause 3. Clarity shall have absolute discretion in respect of accepting Open CFD Orders. Nothing in these CFD Terms and Conditions shall oblige Clarity to accept any Open CFD Order. The Client hereby indemnifies and holds harmless Clarity for any direct, indirect or consequential losses that may result from Clarity not accepting an Open CFD Order. 3.9. Clarity reserves the right to limit the Client’s ability to pla...

CFD Orders. Following the Effective Date, the Investor may place a Purchase CFD Order or a Sell CFD Order to (a) conclude a new CFD with Investec, or (b) Close-out an existing CFD. CFD Orders may be placed via the CFD System or telephone call to the Equity Derivatives Desk.