Closed Position Clause Samples
The 'Closed Position' clause defines the point at which a transaction or contract is considered finalized and no further obligations or exposures remain between the parties regarding that specific transaction. In practice, this clause typically specifies the conditions or events—such as payment settlement, delivery of goods, or completion of services—that must occur for the position to be deemed closed. By clearly establishing when a position is closed, the clause helps prevent disputes over ongoing responsibilities and ensures both parties have a mutual understanding of when their obligations end.
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Closed Position. An Open Position that was closed by the means of a Closing Position instruction, or by executing a Reverse Transaction; Durable Medium Any medium which enables the storage of information in a way accessible for future reference for a period of time adequate to the purposes of the information Financial Instruments Instruments that can be traded by the Client (like or example CFDs); FRNG FRNG Ltd., company registered in Nigeria; FRNG Office The representative office of FRNG in Nigeria, specified on the Website; RALLYTRADE Website (Website) The RallyTrade website: ▇▇▇.▇▇▇▇▇.▇▇▇▇▇. Domain and all of its sub domains, landing pages and/or other connected modules; Partner Agreement Agreement concluded between RallyTrade and the Partner for provision of Partner services Partner Commissions Commissions and fees as they are described in the IB Commissions Table; Introducing Broker (IB) A natural or legal person which promotes RallyTrade’s services and introduces potential clients to RallyTrade at their own discretion; Lot A specific unit of volume that is defined for each particular Financial Instrument in the Specification Tables; Net Spread The difference between the Spread applied to a Client’s trade and Rally Trade’s cost for executing the cost (including but limited to liquidity provision, technology usage, settlements, etc.) expressed as percentage of spread. Open Position A position that was opened, but not yet closed; Specification Tables Specifications Tables as they are defined in the Client Agreement, containing: CFD Specification Tables ● Margin Table ● Commissions Table; ● Swap Points Table; ● Limits Table Spread The difference between the bid and ask price; Standard Account Trading Account where the Client can conclude Transactions according to the conditions stipulated in Order Executions Policy, and any other provisions of the Client Agreement; Trading Platform An electronic Platform that is made available by RallyTrade for the Clients under the provisions of the Client Agreement; Transaction An operation of selling or buying a Financial Instrument on a Trading Account;
Closed Position the result of the Trade’s termination regarding the relevant Open Position.
Closed Position any position that has not been left open. For example, an open short (i.e. sale) position that has been covered by the opposite long (i.e. buy) position and vice versa.