Common use of DIFFERENCE AND SETTLEMENT Clause in Contracts

DIFFERENCE AND SETTLEMENT. 12.1. Upon completing a Transaction: a. The Client shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. b. The Client shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 12.2. Unless the Company agrees otherwise, the Client hereby authorizes the Company to debit or credit the Client Account with the relevant sums at the closing of each Transaction. It is understood that once the Client places an Order, until such Order is executed, and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal.

DIFFERENCE AND SETTLEMENT. 12.114.1. Upon completing a Transaction: a. The Client shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. b. The Client shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 12.214.2. Unless the Company agrees otherwise, the Client hereby authorizes authorises the Company to debit or credit the Client Account with the relevant sums at the closing of each Transaction. It is understood that once the Client places an Order, until such Order is executed, and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal.

DIFFERENCE AND SETTLEMENT. 12.1. Upon completing a Transaction: a. The Client shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. b. The Client shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 12.2. Unless the Company agrees otherwise, the Client hereby authorizes authorises the Company to debit or credit the Client Account with the relevant sums at the closing of each Transaction. It is understood that once the Client places an Order, until such Order is executed, and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal.

DIFFERENCE AND SETTLEMENT. 12.114.1. Upon completing a Transaction: a. a) The Client shall be liable for the Difference if the Transaction is: i. b) a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. or c) a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. b. d) The Client shall receive the Difference if the Transaction is: i. e) a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; or ii. f) a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 12.214.2. Unless the Company agrees otherwise, all sums for which either Party is liable under paragraph 14.1 above are immediately payable upon closing of the Transaction. The Client hereby authorizes authorises the Company to debit or credit the Client Account with the relevant sums at the closing of each Transaction. It is understood that once the Client places an Order, until such Order is executed, executed and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal.

DIFFERENCE AND SETTLEMENT. 12.1. Upon completing a Transaction: a. The Client shall be liable for the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is higher than the opening price of the Transaction; or ii. a Buy, and the closing price of the Transaction is lower than the opening price of the Transaction. b. The Client shall receive the Difference if the Transaction is: i. a Sell, and the closing price of the Transaction is lower than the opening price of the Transaction; oror +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ii. a Buy, and the closing price of the Transaction is higher than the opening price of the Transaction. 12.2. Unless the Company agrees otherwise, the Client hereby authorizes authorises the Company to debit or credit the Client Account with the relevant sums at the closing of each Transaction. It is understood that once the Client places an Order, until such Order is executed, and the Transaction is closed, the Maintenance Margin shall not be used as collateral and hence shall be unavailable for withdrawal. +▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇