FOREX Sample Clauses
The FOREX clause governs the handling of foreign exchange transactions and currency conversions within the context of the agreement. It typically specifies which exchange rates will be used, how and when currency conversions are calculated, and which party bears the risk of currency fluctuations. For example, it may state that payments made in a different currency will be converted at the prevailing rate on the date of payment or invoice. The core function of this clause is to provide clarity and certainty regarding financial obligations involving multiple currencies, thereby minimizing disputes and allocating the risk of exchange rate changes between the parties.
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FOREX. Urus niaga yang dilakukan di luar Malaysia akan ditukar kepada Ringgit Malaysia pada tarikh butiran diterima/atau diproses. Kadar pertukaran mungkin berbeza daripada kadar harian urus niaga kerana turun naik pasaran. Kadar pertukaran adalah berdasarkan ▇▇▇▇▇ ▇▇▇▇ ditentukan oleh Visa International, MasterCard International atau American Express mengikut budi bicara mutlak mereka termasuk fi pertukaran asing sebanyak 1.25%. Selain dari itu, fi pentadbiran pada kadar 1% atau kadar ▇▇▇▇ ▇▇▇▇ akan dikenakan oleh Maybank akan dikenakan untuk penukaran transaksi yang dibuat dalam ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇.
FOREX. Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade.
FOREX. Transactions conducted outside Malaysia will be converted to Ringgit Malaysia on the date the transaction is received and/or processed. The exchange rate may differ from the rate charged on the date of transaction due to market fluctuation. Exchange rate will be based on the rate determined by Visa International, MasterCard International or American Express at its absolute discretion plus a foreign exchange fee of 1.25%. In addition, an administrative fee of 1% or at such other rate imposed by Maybank shall be charged for the conversion of the transaction made in foreign currency.
FOREX. Forex trading involves buying and/or selling one foreign currency against another. The Forex market has a turnover of more than 4 trillion dollars a day and is available for trading almost 24 hours a day. Contract specification: PRODUCT CONTRACT SIZE LEVERAGE 1:200 AUDJPY $100,000 21 84 $50 AUDCAD $100,000 24 96 $50 AUDCHF $100,000 24 96 $50 AUDNZD $100,000 23 92 $50 AUDUSD $100,000 10 40 $50 CADJPY $100,000 28 112 $50 CHFJPY $100,000 24 96 $50 EURAUD $100,000 25 100 $50 EURCAD $100,000 29 116 $50 EURCHF $100,000 22 88 $50 EURGBP $100,000 15 60 $100 EURJPY $100,000 17 68 $50 EURNZD $100,000 36 144 $50 EURUSD $100,000 10 40 $50 GBPAUD $100,000 30 120 $100 GBPCAD $100,000 30 120 $100 GBPJPY $100,000 28 112 $100 GBPNZD $100,000 46 184 $100 GBPUSD $100,000 12 48 $100 NZDJPY $100,000 22 88 $50 NZDUSD $100,000 18 72 $50 USDCAD $100,000 13 52 $50 USDCHF $100,000 15 60 $100 USDJPY $100,000 10 40 $50 PRODUCT CONTRACT SIZE LEVERAGE 1:500 AUDJPY $100,000 21 84 $2 AUDCAD $100,000 24 96 $2 AUDCHF $100,000 24 96 $2 AUDNZD $100,000 23 92 $2 AUDUSD $100,000 10 40 $2 CADJPY $100,000 28 112 $2 CHFJPY $100,000 24 96 $2 EURAUD $100,000 25 100 $2 EURCAD $100,000 29 116 $2 EURCHF $100,000 22 88 $2 EURGBP $100,000 15 60 $2 EURJPY $100,000 17 68 $2 EURNZD $100,000 36 144 $2 EURUSD $100,000 10 40 $2 GBPAUD $100,000 30 120 $4 GBPCAD $100,000 30 120 $4 GBPJPY $100,000 28 112 $4 GBPNZD $100,000 46 184 $4 GBPUSD $100,000 12 48 $4 NZDJPY $100,000 22 88 $2 NZDUSD $100,000 18 72 $2 USDCAD $100,000 13 52 $2 USDCHF $100,000 15 60 $2 USDJPY $100,000 10 40 $2 Sunday 23:05-24:00 23:12-24:00 Monday 00:00-23.00, 23:05-24:00 00:00-23.00, 23:12-24:00 Tuesday 00:00-23.00, 23:05-24:00 00:00-23.00, 23:12-24:00 Wednesday 00:00-23.00, 23:05-24:00 00:00-23.00, 23:12-24:00 Thursday 00:00-23.00, 23:05-24:00 00:00-23.00, 23:12-24:00 Friday 00:00-22:55 00:00-22:55 Saturday Off Off • DST On (Daily Maintenance Starts 1 Hour Earlier) Quote & Trade Forex 23:05 - 22:55 (Meta Time) Quote & Trade starts from Sunday 23:05 (Meta Time) • DST Off (Daily Maintenance Normal) Quote & Trade Forex 00:05 - 23:55 (Meta Time) Quote & Trade starts from Monday 00:05 (Meta Time) • DAYLIGHT SAVING TIME Quote & Trade Forex Monday – Thursday at 00:05 – 24:00 (Meta Time) Quote & Trade Forex Friday at 00:00 – 23:55 (Meta Time) For all Forex pairs, one hour before the market closes until one hour after the market opens is designated only for closing existing positions (Close Only).
FOREX. Symbol Tier 1 Range Min Margin Required Max Leverage Tier 2 Range Min Margin Required Max Leverage Tier 3 Range Min Margin Required Max Leverage CAD/CHF 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 CAD/JPY 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 CHF/JPY 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 CHF/PLN 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 EUR/CAD 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 EUR/CZK 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 EUR/GBP 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 EUR/HUF 0 - 20,000,000 5.0% 1:20 > 20,000,000 10% 1:10 EUR/JPY 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 EUR/NOK 0 - 10,000,000 5.0% 1:20 > 10,000,000 7.5% 1:13 EUR/PLN 0 - 10,000,000 5.0% 1:20 > 10,000,000 7.5% 1:13 EUR/▇▇▇ 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 EUR/RUB 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 EUR/SEK 0 - 10,000,000 5.0% 1:20 > 10,000,000 7.5% 1:13 EUR/TRY 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 EUR/USD 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 GBP/CAD 0 - 25,000,000 3.334% 1:30 > 25,000,000 5.0% 1:20 GBP/CHF 0 - 25,000,000 3.334% 1:30 > 25,000,000 5.0% 1:20 GBP/JPY 0 - 35,000,000 3.334% 1:30 > 35,000,000 5.0% 1:20 GBP/▇▇▇ 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 GBP/SGD 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 GBP/TRY 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 GBP/USD 0 - 35,000,000 3.334% 1:30 > 35,000,000 5.0% 1:20 GBP/ZAR 0 - 6,000,000 5.0% 1:20 6,000,000 - 10,000,000 7.5% 1:13 > 10,000,000 10% 1:10 USD/BRL 0 - 5,000,000 5.0% 1:20 5,000,000 - 10,000,000 10% 1:10 > 10,000,000 25% 1:4 USD/CAD 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 USD/CHF 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 USD/CNH 0 - 5,000,000 5.0% 1:20 5,000,000 - 10,000,000 10% 1:10 > 10,000,000 25% 1:4 USD/CZK 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 USD/DKK 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 USD/HUF 0 - 5,000,000 5.0% 1:20 5,000,000 - 10,000,000 7.5% 1:13 > 10,000,000 10% 1:10 USD/ILS 0 - 5,000,000 5.0% 1:20 5,000,000 - 10,000,000 7.5% 1:13 > 10,000,000 25% 1:4 USD/INR 0 - 5,000,000 5.0% 1:20 5,000,000 - 10,000,000 10% 1:10 > 10,000,000 25% 1:4 USD/JPY 0 - 50,000,000 3.334% 1:30 > 50,000,000 5.0% 1:20 USD/MXN 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 USD/NOK 0 - 10,000,000 5.0% 1:20 > 10,000,000 7.5% 1:13 USD/PLN 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 USD/▇▇▇ 0 - 10,000,000 5.0% 1:20 > 10,000,000 10% 1:10 USD/RUB 0 - 10,000,000 5.0% 1:20 >...
FOREX. 3.1 In respect of every Transaction made between us we shall act as principal with you.
3.2 Transactions in Forex involve you taking a position with regard to what you consider the price of one currency will be against the price of another currency in the future. In order to do this, you will trade in a currency pair with us, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). A list of some examples of the currency pairs that we offer is at our website ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.
3.3 Currency pairings are expressed as two codes usually separated by a division symbol (e.g. GBP/USD), the first representing the "base currency" and the other the "secondary currency". The price quoted is the value of the secondary currency expressed in terms of one unit of the base currency. For example, GBP/USD = 2.0045 denotes that one unit of sterling (the base currency) can be exchanged for 2.0045 US dollars (the secondary currency). The prices that we quote for each currency pair are normally labelled as the “Bid Price” and the “Offer Price”.
3.4 The Bid Price is the price that we will pay you in the secondary currency for the position in the base currency. The Offer Price is the price you will pay us in the secondary currency for the position in the base currency. The Bid Price will always be less than the Offer Price. The difference between the Bid and the Offer price is known as the “Spread”. We make a profit from the spread. In general, the wider the Spread the greater our profit.
3.5 You can take a view on the price of the base currency increasing by “Going Long” or you can take a view on the price of the base currency decreasing by “Going Short”. For example, if you consider that the price of Sterling will increase against the price of the US Dollar you will decide to take a position with us where you will Go Long (or buy) GBP/USD. If, by contrast, you consider that the price of Sterling will drop against
3.6 If you were Going Long, the opening price of the currency pair would be fixed at our Offer Price. If our Bid Price at the end of the contract is greater than our Offer Price at the commencement of the contract then, subject to the deduction of applicable charges, you will receive a sum calculated by multiplying the number of units of the base currency by the difference between the opening Offer Price and the closing Bid Price of the currency pair. However, if the Bid Price for the currency pair at the end of the contract does not exceed the Offer...
FOREX. 3.1 In respect of every Transaction made between us we shall act as agent with you.
3.2 Transactions in forex involve you taking a position with regard to what you consider the price of one currency will be against the price of another currency in the future. In order to do this you will trade in a currency pair with us, for example EuroU/ S Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). A list of some examples of the currency pairs that we offer is at our website ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
3.3 Currency pairings are expressed as two codes usually separated by a division symbol (e.g. GBP/USD), the first secondary currency expressed interms of one unit of the base currency. For example GBP/USD = 2.0045 denotes that one unit of sterling (the base currency) can be exchanged for 2.0045 US dollars (the secondary currency). The prices that we quote for each currency pair are normally ▇▇▇▇▇▇▇
3.4 The Bid Price is the price that we will pay you in the secondary currency for the position in the base currency. The Offer Price is the price you will pay us in the secondary currency for the position in the base currency. The Bid Price will always beless than the Offer Price. The difference between the Bid and the Offer price is known as the will increase against the price of the US Dollar you will decide to take a position with us where you will Go Long (or buy) GBP/USD. If, by contrast, you consider that the price of Sterling will drop against the price of the US Dollar you will decide to take a position with us whereby you Go Short or sell GBP/USD.