FOREX TRANSACTIONS Sample Clauses
FOREX TRANSACTIONS. 3.1 In respect of every Transaction made between us we shall act as principal with you. We will engage in foreign exchange contracts transactions with you in accordance with your oral, written or electronic instructions.
3.2 Quotes: Upon your request we provide a price quote for each transaction contemplated by you. The prices quoted are determined by us and may represent a mark-up or markdown of inter-bank dealing rates. We may provide a quote either orally by telephone or electronically via an electronic trading system provided by us, or by such other means as we may from time to time notify you. You may request a quote to open a transaction or to close all or any part of a transaction at any time during our normal hours of trading for the instrument in respect of which you wish to open or close the Transaction. The transaction will be initiated by you by offering to open or close a Transaction. We may reject or accept your offer at any time until the Transaction has been executed or we have acknowledged that your offer has been withdrawn. A Transaction will be deemed to have been opened or closed only when your offer has been received and accepted by us. Our acceptance of an offer to open or close a Transaction will be evidenced by a confirmation of its terms to you. All prices shown are indicative and are subject to constant change.
3.3 Opening and Closing a Transaction: You may open a Transaction by ‘buying’ or ‘selling’. A Transaction that is opened by ‘buying’ can also be referred to as a “Buy”, “long”, or “long position”; a Transaction that is opened by ‘selling’ can also be referred to as a “Sell,” “short,” or “short position.” A Transaction must always be made for a specified number of contracts and currency pair. We may offer a variety of contract sizes (lots) to be available for trading in your account. Please see our website for the current terms, span of currency pairs available for trading, hedging functionality features, overnight interest/rollover and the rates on spread. These trading terms are subject to change at our sole discretion. Upon closing a transaction, and subject to any applicable adjustments for interest that may be appropriate you will pay us such charges as may be applicable to the transaction(s). We reserve the right to close a Transaction, in part or in whole at any time.
3.4 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 ...
FOREX TRANSACTIONS. 2.1 A Forex Transaction may be of any type agreed between ▇▇▇▇▇▇▇▇▇’▇ and the Client, for the sale or purchase of currency including but not limited to those known in the industry as: Spot, Forward, Option and other Derivative Contracts as specified in the Confirmation.
2.2 Forex Transactions may be entered into either verbally, electronically or by written agreement between ▇▇▇▇▇▇▇▇▇’▇ and the Client.
2.3 Where a Forex Transaction is entered into ▇▇▇▇▇▇▇▇▇’▇ shall promptly confirm the terms by completing a written Confirmation of the Forex Transaction (“Confirmation”). The failure of ▇▇▇▇▇▇▇▇▇’▇ to do so will not prejudice the rights or obligations of either party under such contract.
2.4 Unless the Client notifies ▇▇▇▇▇▇▇▇▇’▇ of any error or omission immediately upon receipt of any Confirmation, the Client shall be deemed to have ratified and accepted the contents of such Confirmation. The Client shall not thereafter be entitled to dispute the contents of any such Confirmation and it shall (except where there is manifest error accepted by ▇▇▇▇▇▇▇▇▇’▇) be conclusive evidence of the matters stated in it.
2.5 In entering into Forex Transactions, ▇▇▇▇▇▇▇▇▇’▇ acts a principal and not as a broker or an agent of the Client.
FOREX TRANSACTIONS. We will generally act as agent or riskless principal and charge a fee. We may effect spot foreign currency exchange transactions through an Affiliate or third party, which may make a profit or loss from such transactions.
FOREX TRANSACTIONS. For Forex transactions executed through IBUK's spot foreign currency exchange facility, IBUK, IBLLC or one of their Affiliates generally will act as agent or riskless principal and may effect such transactions through an IBUK Affiliate, which may earn a profit (or suffer a loss) in connection with such transactions. You shall pay a transaction fee to IBUK (through IBLLC) for each Forex transaction, which IBUK (through IBLLC) may deduct from your IBUK Account. IBUK may modify the transaction fee rates upon notice to you via the IBUK Website or otherwise.