DEALING PROCEDURE Clause Samples

DEALING PROCEDURE. ‌ a. In the event that a transaction has been executed in whole or in part, it will not be possible for you to cancel the transaction to the extent that the transaction has been executed. b. We reserve the right to limit the number of open positions you may enter or maintain in your Account. We also reserve the right in which we shall have the sole discretion to refuse to accept any transaction to open a new position or to increase an open position. c. The Company may at its sole discretion enter into new positions for the Client, provided that the position falls into the overall trade order provided to us for execution. The Company can also enter into new positions in case you have signed up for discretionary portfolio management services offered by the Company. d. Opening a transaction: i. A transaction will be opened by ‘buying’ or ‘selling’ a contract. In these Terms a transaction that is opened by: 1. ‘buying’ is referred to as a ‘Buy’ and may also, in our dealings with you, be referred to as ‘long’ or ‘long position’; and 2. ‘selling’ is referred to as a ‘Sell’ and may also, in our dealings with you, be referred to as ‘short’ or ‘short position’. ii. A transaction must always be made for a specified number of shares, contracts or other units that constitute the instrument or its underlying. iii. Each transaction opened by you will be binding on you notwithstanding that by opening the transaction you may have exceeded any credit or other limit applicable to you or in respect of your dealings with us. iv. When you open / close a transaction, you may be required to pay us a Commission that is calculated as a percentage of the transaction value or as an amount per equivalent Instrument or Instruments on the Underlying Market or on any other basis agreed between ourselves in writing. Our commission terms will be notified in writing to you, and / or the commission charges will be mentioned on the trading Platform.