Financing Charge Sample Clauses
A Financing Charge clause defines the additional cost or fee imposed on a party for the use of borrowed funds or for deferred payment terms. Typically, this clause specifies the interest rate or method of calculation, the frequency of charges, and the circumstances under which the charge applies, such as late payments or outstanding balances. Its core practical function is to compensate the lender or seller for the time value of money and to incentivize timely payments, thereby managing credit risk and ensuring financial clarity between the parties.
Financing Charge. Share CFDs for account types with Swap or Rollover options
(a) Where you are the Long Party in a Share CFD on an Interest-Bearing account and interest is payable by you (Financing Charge) we will debit from the Account an amount equivalent to the overnight interest to the next Business Day equal to the Relevant Interest Rate plus the relevant Interest Percentage on the Contract Value. Such debit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practice) up to and including the settlement date.
(b) Where you are the Short Party in a Share CFD on an Interest-Bearing account and interest is payable to you (Financing Benefit) we will credit to the Account an amount equivalent to overnight interest to the next Business Day equal to the Relevant Interest Rate minus the relevant Interest Percentage on the Contract Value. Such credit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practice) up to and including the settlement date.
Financing Charge. A daily financing charge may apply to each open CFD position. The financing charge is either paid by you to us or by us to you. The financing charge will be credited or debited to your account. In the event that you have insufficient funds or fail to pay the financing charge when it falls due we will be entitled to close out your relevant CFD position with immediate effect.
Financing Charge. Share CFDs for account types with Swap or Rollover options 31
13.6 Daily Rollover of Margin Contracts and CFDs for account types with Swap or Rollover options (other than Share CFDs & Excepted Contracts) 31 13.7 Entitlement for account types with Swap or Rollover options 31
Financing Charge. Share CFDs for account types with Swap or Rollover options 30
Financing Charge. Share CFDs for account types with Swap or Rollover options
(a) Where you are the Long Party in a Share CFD on an Interest-Bearing account and interest is payable by you (Financing Charge) we will debit from the Account an amount equivalent to the overnight interest to the next Business Day equal to the Relevant Interest Rate plus the relevant Interest Percentage on the Contract Value. Such debit amount will accrue for each day or part day (taking the annual rate divided by 365 or 360 according to relevant market practice) up to and including the settlement date.
(b) Where you are the Short Party in a Share CFD on an Interest-Bearing account and interest is payable to you (Financing Benefit) we will credit to the Account an amount equivalent to overnight interest to the next depends on our Rollover Rate, being the rates at which you receive or pay interest on Positions that remain open overnight. (This is a varying rate dependent upon the applicable rate in the Interbank Markets for the currencies or bullion, the duration of the rollover period, the size of the Position and the Ingot Brokers Spread that is applied at our discretion.) No Rollover Charge is paid, or Rollover Benefit is received in the case of Excepted Contracts of Interest Free Accounts. The operation of this clause 13.5 is subject to clauses 13.8, 13.9, 13.10 and 13.11.