Closing CFD Contracts Clause Samples

Closing CFD Contracts. 7.1. On any Business Day on which the Client wishes to close any CFD Contract (whether in whole or in part) the Client may give a Closing Notice to the Firm specifying the CFD Contract it wishes to close, the related Underlying Instrument, the Contract Quantity and the Closing Date. 7.2. Following receipt of a Closing Notice, the Firm shall inform the Client of the Closing Price of the CFD Contract and the CFD Contract will be closed at that price on the Closing Date. Any amounts payable by the Client to the Firm as a result of the closed CFD Contract are immediately due and payable on the Closing Date. Conversely, any amounts payable by the Firm to the Client as a result of the closed CFD Contract are immediately due and payable on the Closing Date, and will be deposited into the Client's Account.

Closing CFD Contracts. 176 CFD CONTRACTS ON SECURITIES ..................................................................................................................176 CFD CONTRACTS ON FINANCIAL INSTRUMENTS 178 TRANSACTION COSTS AND ROLLOVER ......................................................................................................... 179 ACCOUNT STATEMENTS ............................................................................................................................... 181 PAYMENT, WITHDRAWAL AND SET-OFF 181 MARGIN ........................................................................................................................................................ 182 SCHEDULE C: BUSINESS TERMS FOR EQUITIES 182 SCOPE ........................................................................................................................................................... 182 DEFINITIONS ................................................................................................................................................. 183 RISKS ............................................................................................................................................................. 183 PAYMENT, WITHDRAWAL AND SET-OFF 186 SHORT SELLING ............................................................................................................................................. 187 EXECUTION VIA THIRD PARTIES .................................................................................................................... 187 SETTLEMENT ................................................................................................................................................. 187 TRADE CONFIRMATIONS AND ACCOUNT STATEMENTS 189 CUSTODY....................................................................................................................................................... 191 CORPORATE ACTIONS ................................................................................................................................... 191 TAX ................................................................................................................................................................ 192 TRANSFER OF SECURITIES ............................................................................................................................. 193 SCHEDULE D: BUSINESS TERMS FOR FUTURES AND OPTIONS 194 SCOPE .........................