{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "to-enter", "type": "definition", "offset": [17, 25]}, {"key": "forward-contract", "type": "definition", "offset": [28, 44]}, {"key": "date-of", "type": "clause", "offset": [124, 131]}, {"key": "the-right", "type": "clause", "offset": [187, 196]}, {"key": "close-out", "type": "definition", "offset": [200, 209]}, {"key": "currency-conversion", "type": "definition", "offset": [225, 244]}, {"key": "and-return", "type": "clause", "offset": [245, 255]}, {"key": "the-funds", "type": "clause", "offset": [256, 265]}, {"key": "to-the-bank", "type": "clause", "offset": [266, 277]}, {"key": "other-account", "type": "clause", "offset": [281, 294]}, {"key": "relevant-currency", "type": "definition", "offset": [306, 323]}, {"key": "any-loss", "type": "definition", "offset": [361, 369]}, {"key": "costs-incurred", "type": "clause", "offset": [374, 388]}, {"key": "in-connection-with", "type": "clause", "offset": [395, 413]}, {"key": "in-addition", "type": "clause", "offset": [424, 435]}, {"key": "right-to-charge", "type": "clause", "offset": [451, 466]}, {"key": "reasonable-costs", "type": "clause", "offset": [490, 506]}, {"key": "sole-discretion", "type": "clause", "offset": [583, 598]}, {"key": "sale-currency", "type": "definition", "offset": [655, 668]}, {"key": "other-amounts", "type": "definition", "offset": [678, 691]}, {"key": "prior-to", "type": "clause", "offset": [813, 821]}, {"key": "payment-of-the", "type": "clause", "offset": [852, 866]}, {"key": "bank-account", "type": "clause", "offset": [900, 912]}, {"key": "in-advance", "type": "clause", "offset": [1023, 1033]}, {"key": "deal-date", "type": "definition", "offset": [1041, 1050]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1087, 1113]}, {"key": "part-payment", "type": "clause", "offset": [1148, 1160]}, {"key": "unless-agreed-otherwise", "type": "clause", "offset": [1191, 1214]}, {"key": "settlement-of-the", "type": "clause", "offset": [1250, 1267]}, {"key": "fx-transactions", "type": "definition", "offset": [1286, 1301]}, {"key": "market-risk", "type": "clause", "offset": [1308, 1319]}, {"key": "moving-out", "type": "clause", "offset": [1382, 1392]}, {"key": "at-any-time", "type": "clause", "offset": [1420, 1431]}, {"key": "the-settlement-date", "type": "clause", "offset": [1438, 1457]}, {"key": "funds-to-be-delivered", "type": "clause", "offset": [1494, 1515]}, {"key": "margin-call", "type": "clause", "offset": [1553, 1564]}, {"key": "a-margin", "type": "definition", "offset": [1604, 1612]}, {"key": "for-example", "type": "clause", "offset": [1627, 1638]}, {"key": "percentage-level", "type": "definition", "offset": [1675, 1691]}, {"key": "in-place", "type": "clause", "offset": [1700, 1708]}, {"key": "margin-level", "type": "definition", "offset": [1775, 1787]}, {"key": "receipt-of", "type": "clause", "offset": [1879, 1889]}, {"key": "notification-to", "type": "clause", "offset": [1890, 1905]}, {"key": "you-agree-to", "type": "clause", "offset": [1926, 1938]}, {"key": "the-mark", "type": "definition", "offset": [2043, 2051]}, {"key": "market-value", "type": "clause", "offset": [2055, 2067]}], "size": 20, "samples": [{"hash": "1OXgW8QqxRw", "uri": "/contracts/1OXgW8QqxRw#forward-contracts", "label": "Fx Contracts and Payment Services Agreement", "score": 35.0162734985, "published": true}, {"hash": "dTSYhxuswm0", "uri": "/contracts/dTSYhxuswm0#forward-contracts", "label": "Fx Contracts and Payment Services Agreement", "score": 35.0150032043, "published": true}, {"hash": "kXb8WxUPKtv", "uri": "/contracts/kXb8WxUPKtv#forward-contracts", "label": "Fx Contracts and Payment Services Agreement", "score": 34.5444946289, "published": true}], "snippet": "6.1. If you wish to enter a Forward Contract, you must also give us an Instruction to make a payment on or before the Value Date of the Forward Contract. If you fail to do so, we reserve the right to Close Out or reverse the currency conversion and return the funds to the bank or other account from which relevant currency was received. You will be liable for any loss and costs incurred by us in connection with this, and in addition we reserve the right to charge you a fee to cover our reasonable costs.\n6.2. Where you give us an Instruction for a Forward Contact we may, at our sole discretion, require an Initial Margin of between 3% and 10% of the Sale Currency (or such other amounts as we may determine). The value of the Initial Margin will form part of the Forward Contact and will be disclosed to you prior to concluding a Forward Contact. Payment of the Initial Margin must be made to a bank account nominated by us. For larger or higher-risk transactions, we may insist on the Initial Margin being paid on or in advance of the deal date by CHAPS or same-day SWIFT payment. For the avoidance of doubt an Initial Margin is treated as a part payment of your Forward Contract and, unless agreed otherwise, will not be returned to you until settlement of the Forward Contract. FX transactions carry market risk and market movements could result in your Forward Contract(s) moving out of the money.\n6.3. We may, at any time up to the Settlement Date, notify you that we require further funds to be delivered to and maintained on your behalf (a \u201cMargin Call\u201d). Reasons for requiring you to settle a Margin Call include, for example, to re-establish the Initial Margin percentage level; to put in place Margin where there has been no Initial Margin; or to increase the margin level where we determine this is required to cover any risks under a Forward Contract. Following receipt of notification to make a Margin Call, you agree to settle such \u2587\u2587\u2587\u2587\u2587\u2587 Call immediately.\n6.4. We shall have the right, at our sole discretion, to determine the mark-to-market value of a Forward Contract at any time.", "hash": "53624ce6f99afdfcffafd4d7b3ef15c9", "id": 1}, {"snippet_links": [{"key": "foreign-currency-exchange-contracts", "type": "definition", "offset": [22, 57]}, {"key": "currency-for", "type": "definition", "offset": [96, 108]}, {"key": "future-delivery", "type": "clause", "offset": [109, 124]}, {"key": "fixed-price", "type": "definition", "offset": [130, 141]}, {"key": "the-us", "type": "clause", "offset": [175, 182]}, {"key": "dollar-price", "type": "definition", "offset": [184, 196]}, {"key": "one-party", "type": "definition", "offset": [773, 782]}, {"key": "agrees-to", "type": "clause", "offset": [783, 792]}, {"key": "another-party", "type": "definition", "offset": [807, 820]}, {"key": "future-date", "type": "definition", "offset": [862, 873]}, {"key": "number-of-days", "type": "clause", "offset": [902, 916]}, {"key": "date-of-the-contract", "type": 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"gain-or-loss", "type": "clause", "offset": [7322, 7334]}, {"key": "the-exchange-rate", "type": "clause", "offset": [7479, 7496]}, {"key": "the-execution", "type": "clause", "offset": [7552, 7565]}, {"key": "to-the-fund", "type": "definition", "offset": [7629, 7640]}, {"key": "engaging-in", "type": "definition", "offset": [7644, 7655]}, {"key": "the-contract-period", "type": "clause", "offset": [7741, 7760]}, {"key": "market-conditions", "type": "definition", "offset": [7769, 7786]}, {"key": "fees-or-commissions", "type": "clause", "offset": [7890, 7909]}, {"key": "an-exchange", "type": "clause", "offset": [7966, 7977]}, {"key": "performance-risk", "type": "clause", "offset": [8017, 8033]}, {"key": "the-counterparty", "type": "definition", "offset": [8037, 8053]}, {"key": "terms-of", "type": "definition", "offset": [8128, 8136]}, {"key": "to-convert", "type": "clause", "offset": [8170, 8180]}, {"key": "dollars-on", "type": "clause", "offset": [8226, 8236]}, {"key": "daily-basis", "type": "definition", "offset": [8239, 8250]}, {"key": "from-time-to-time", "type": "clause", "offset": [8290, 8307]}, {"key": "foreign-exchange", "type": "clause", "offset": [8343, 8359]}, {"key": "based-on", "type": "definition", "offset": [8441, 8449]}, {"key": "buy-and-sell", "type": "clause", "offset": [8498, 8510]}, {"key": "offer-to-sell", "type": "clause", "offset": [8552, 8565]}, {"key": "the-dealer", "type": "clause", "offset": [8698, 8708]}], "size": 19, "samples": [{"hash": "llnIIGO32ZJ", "uri": "/contracts/llnIIGO32ZJ#forward-contracts", "label": "Statement of Additional Information (Oppenheimer Real Estate Fund)", "score": 19.0, "published": true}, {"hash": "ghgGFWOYNnK", "uri": "/contracts/ghgGFWOYNnK#forward-contracts", "label": "Statement of Additional Information (Oppenheimer Real Estate Fund)", "score": 19.0, "published": true}, {"hash": "8e73VoMyknJ", "uri": "/contracts/8e73VoMyknJ#forward-contracts", "label": "Statement of Additional Information (Oppenheimer Real Estate Fund)", "score": 19.0, "published": true}], "snippet": "Forward contracts are foreign currency exchange contracts. They are used to buy or sell foreign currency for future delivery at a fixed price. The Fund uses them to \"lock in\" the U.S. dollar price of a security denominated in a foreign currency that the Fund has bought or sold, or to protect against possible losses from changes in the relative values of the U.S. dollar and a foreign currency. The Fund limits its exposure in foreign currency exchange contracts in a particular foreign currency to the amount of its assets denominated in that currency or a closely-correlated currency. The Fund may also use \"cross-hedging\" where the Fund \u2587\u2587\u2587\u2587\u2587\u2587 against changes in currencies other than the currency in which a security it holds is denominated. Under a forward contract, one party agrees to purchase, and another party agrees to sell, a specific currency at a future date. That date may be any fixed number of days from the date of the contract agreed upon by the parties. The transaction price is set at the time the contract is entered into. These contracts are traded in the inter-bank market conducted directly among currency traders (usually large commercial banks) and their customers. The Fund may use forward contracts to protect against uncertainty in the level of future exchange rates. The use of forward contracts does not eliminate the risk of fluctuations in the prices of the underlying securities the Fund owns or intends to acquire, but it does fix a rate of exchange in advance. Although forward contracts may reduce the risk of loss from a decline in the value of the hedged currency, at the same time they limit any potential gain if the value of the hedged currency increases. When the Fund enters into a contract for the purchase or sale of a security denominated in a foreign currency, or when it anticipates receiving dividend payments in a foreign currency, the Fund might desire to \"lock-in\" the U.S. dollar price of the security or the U.S. dollar equivalent of the dividend payments. To do so, the Fund could enter into a forward contract for the purchase or sale of the amount of foreign currency involved in the underlying transaction, in a fixed amount of U.S. dollars per unit of the foreign currency. This is called a \"transaction hedge.\" The transaction hedge will protect the Fund against a loss from an adverse change in the currency exchange rates during the period between the date on which the security is purchased or sold or on which the payment is declared, and the date on which the payments are made or received. The Fund could also use forward contracts to lock in the U.S. dollar value of portfolio positions. This is called a \"position hedge.\" When the Fund believes that foreign currency might suffer a substantial decline against the U.S. dollar, it could enter into a forward contract to sell an amount of that foreign currency approximating the value of some or all of the Fund's portfolio securities denominated in that foreign currency. When the Fund believes that the U.S. dollar might suffer a substantial decline against a foreign currency, it could enter into a forward contract to buy that foreign currency for a fixed dollar amount. Alternatively, the Fund could enter into a forward contract to sell a different foreign currency for a fixed U.S. dollar amount if the Fund believes that the U.S. dollar value of the foreign currency to be sold pursuant to its forward contract will fall whenever there is a decline in the U.S. dollar value of the currency in which portfolio securities of the Fund are denominated. That is referred to as a \"cross hedge.\" The Fund will cover its short positions in these cases by identifying to its custodian bank assets having a value equal to the aggregate amount of the Fund's commitment under forward contracts. The Fund will not enter into forward contracts or maintain a net exposure to such contracts if the consummation of the contracts would obligate the Fund to deliver an amount of foreign currency in excess of the value of the Fund's portfolio securities or other assets denominated in that currency or another currency that is the subject of the hedge. However, to avoid excess transactions and transaction costs, the Fund may maintain a net exposure to forward contracts in excess of the value of the Fund's portfolio securities or other assets denominated in foreign currencies if the excess amount is \"covered\" by liquid securities denominated in any currency. The cover must be at least equal at all times to the amount of that excess. As one alternative, the Fund may purchase a call option permitting the Fund to purchase the amount of foreign currency being hedged by a forward sale contract at a price no higher than the forward contract price. As another alternative, the Fund may purchase a put option permitting the Fund to sell the amount of foreign currency subject to a forward purchase contract at a price as high or higher than the forward contact price. The precise matching of the amounts under forward contracts and the value of the securities involved generally will not be possible because the future value of securities denominated in foreign currencies will change as a consequence of market movements between the date the forward contract is entered into and the date it is sold. In some cases the Manager might decide to sell the security and deliver foreign currency to settle the original purchase obligation. If the market value of the security is less than the amount of foreign currency the Fund is obligated to deliver, the Fund might have to purchase additional foreign currency on the \"spot\" (that is, cash) market to settle the security trade. If the market value of the security instead exceeds the amount of foreign currency the Fund is obligated to deliver to settle the trade, the Fund might have to sell on the spot market some of the foreign currency received upon the sale of the security. There will be additional transaction costs on the spot market in those cases. The projection of short-term currency market movements is extremely difficult, and the successful execution of a short-term hedging strategy is highly uncertain. Forward contracts involve the risk that anticipated currency movements will not be accurately predicted, causing the Fund to sustain losses on these contracts and to pay additional transactions costs. The use of forward contracts in this manner might reduce the Fund's performance if there are unanticipated changes in currency prices to a greater degree than if the Fund had not entered into such contracts. At or before the maturity of a forward contract requiring the Fund to sell a currency, the Fund might sell a portfolio security and use the sale proceeds to make delivery of the currency. In the alternative the Fund might retain the security and offset its contractual obligation to deliver the currency by purchasing a second contract. Under that contract the Fund will obtain, on the same maturity date, the same amount of the currency that it is obligated to deliver. Similarly, the Fund might close out a forward contract requiring it to purchase a specified currency by entering into a second contract entitling it to sell the same amount of the same currency on the maturity date of the first contract. The Fund would realize a gain or loss as a result of entering into such an offsetting forward contract under either circumstance. The gain or loss will depend on the extent to which the exchange rate or rates between the currencies involved moved between the execution dates of the first contract and offsetting contract. The costs to the Fund of engaging in forward contracts varies with factors such as the currencies involved, the length of the contract period and the market conditions then prevailing. Because forward contracts are usually entered into on a principal basis, no brokerage fees or commissions are involved. Because these contracts are not traded on an exchange, the Fund must evaluate the credit and performance risk of the counterparty under each forward contract. Although the Fund values its assets daily in terms of U.S. dollars, it does not intend to convert its holdings of foreign currencies into U.S. dollars on a daily basis. The Fund may convert foreign currency from time to time, and will incur costs in doing so. Foreign exchange dealers do not charge a fee for conversion, but they do seek to realize a profit based on the difference between the prices at which they buy and sell various currencies. Thus, a dealer might offer to sell a foreign currency to the Fund at one rate, while offering a lesser rate of exchange if the Fund desires to resell that currency to the dealer.", "hash": "23d4af8d43e0d594f4916ba408c87aac", "id": 2}, {"snippet_links": [{"key": "the-price", "type": "clause", "offset": [28, 37]}, {"key": "future-date", "type": "definition", "offset": [95, 106]}, {"key": "contract-holders", "type": "clause", "offset": [143, 159]}, {"key": "specified-price", "type": "definition", "offset": [207, 222]}, {"key": "an-interest", "type": "clause", "offset": [288, 299]}, {"key": "received-on", "type": "clause", "offset": [355, 366]}, {"key": "beginning-at-a", "type": "definition", "offset": [381, 395]}, {"key": "start-date", "type": "definition", "offset": [396, 406]}, {"key": "the-future", "type": "clause", "offset": [419, 429]}, {"key": "between-the-parties", "type": "clause", "offset": [469, 488]}, {"key": "foreign-exchange-contracts", "type": "definition", "offset": [560, 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"swap-transactions", "type": "clause", "offset": [1278, 1295]}, {"key": "credit-default-swaps", "type": "clause", "offset": [1392, 1412]}, {"key": "total-return-swaps", "type": "definition", "offset": [1417, 1435]}, {"key": "not-an-exhaustive-list", "type": "clause", "offset": [1445, 1467]}, {"key": "based-on", "type": "definition", "offset": [1559, 1567]}, {"key": "interest-payments", "type": "definition", "offset": [1586, 1603]}, {"key": "this-transaction", "type": "clause", "offset": [1605, 1621]}, {"key": "fixed-interest-rate", "type": "definition", "offset": [1665, 1684]}, {"key": "variable-interest-rate", "type": "definition", "offset": [1727, 1749]}, {"key": "the-assets", "type": "clause", "offset": [1779, 1789]}, {"key": "currency-swaps", "type": "clause", "offset": [1811, 1825]}, {"key": "funds-in", "type": "definition", "offset": [1929, 1937]}, {"key": "asset-swaps", "type": "clause", "offset": [2000, 2011]}, {"key": "synthetic-securities", "type": "clause", "offset": [2035, 2055]}, {"key": "the-yield", "type": "clause", "offset": [2088, 2097]}, {"key": "rate-note", "type": "definition", "offset": [2237, 2246]}, {"key": "equity-swap", "type": "definition", "offset": [2291, 2302]}, {"key": "characterized-by", "type": "definition", "offset": [2306, 2322]}, {"key": "changes-in", "type": "definition", "offset": [2351, 2361]}, {"key": "for-cash", "type": "definition", "offset": [2397, 2405]}, {"key": "equity-index", "type": "definition", "offset": [2561, 2573]}, {"key": "a-sub", "type": "clause", "offset": [2602, 2607]}, {"key": "for-payments", "type": "definition", "offset": [2653, 2665]}, {"key": "the-total", "type": "clause", "offset": [2675, 2684]}, {"key": "return-of", "type": "clause", "offset": [2685, 2694]}, {"key": "reference-asset", "type": "definition", "offset": [2697, 2712]}, {"key": "fixed-income", "type": "definition", "offset": [2734, 2746]}, {"key": "certain-securities", "type": "definition", "offset": [2833, 2851]}, {"key": "reference-securities", "type": "definition", "offset": [2855, 2875]}, {"key": "the-counterparty", "type": "definition", "offset": [2971, 2987]}, {"key": "financial-institution", "type": "definition", "offset": [2993, 3014]}, {"key": "first-order", "type": "clause", "offset": [3022, 3033]}, {"key": "and-provided-that", "type": "clause", "offset": [3071, 3088]}, {"key": "the-right", "type": "clause", "offset": [3115, 3124]}, {"key": "in-accordance-with", "type": "clause", "offset": [3126, 3144]}, {"key": "investment-objectives", "type": "definition", "offset": [3149, 3170]}, {"key": "unit-trust-agreement", "type": "clause", "offset": [3188, 3208]}, {"key": "policy-provisions", "type": "definition", "offset": [3236, 3253]}, {"key": "invest-in", "type": "clause", "offset": [3258, 3267]}], "size": 10, "samples": [{"hash": "3ig8MYSOKIh", "uri": "/contracts/3ig8MYSOKIh#forward-contracts", "label": "Unit Trust Agreement", "score": 36.1527099609, "published": true}, {"hash": "a4RQk24Z625", "uri": "/contracts/a4RQk24Z625#forward-contracts", "label": "Unit Trust Agreement", "score": 34.1913757324, "published": true}, {"hash": "1m6NqEqUNIA", "uri": "/contracts/1m6NqEqUNIA#forward-contracts", "label": "Unit Trust Agreement", "score": 34.1187210083, "published": true}], "snippet": "A forward contract locks-in the price at which an index or asset may be purchased or sold on a future date. In currency forward contracts, the contract holders are obligated to buy or sell the currency at a specified price, at a specified quantity and on a specified future date, whereas an interest rate forward determines an interest rate to be paid or received on an obligation beginning at a start date sometime in the future. Forward contracts may be cash settled between the parties. These contracts cannot be transferred. The Sub- Funds' use of forward foreign exchange contracts may include, but is not limited to, altering the currency exposure of securities held, hedging against exchange risks, increasing exposure to a currency, shifting exposure to currency fluctuations from one currency to another and hedging Classes denominated in a currency (other than the base currency of the relevant Sub-Fund) to the base currency of the relevant Sub- Fund (as set out in Annex A). The Management Company may on behalf of the relevant Sub-Fund enter into swaps for the account of the relevant Sub-Fund, provided that the investment principles are adhered to. A swap is an agreement between two parties that involves the swapping of cash flows, assets, income or risks. The swap transactions that may be concluded for the relevant Sub-Fund include interest-rate, currency, asset, equity, credit default swaps and Total Return Swaps. This is not an exhaustive list. An interest-rate swap is a transaction involving two parties swapping cash flows that are based on fixed or variable interest payments. This transaction is comparable to the raising of funds at a fixed interest rate while at the same time lending funds at a variable interest rate, with the nominal amounts of the assets not being exchanged. Currency swaps usually involve the swapping of the nominal amounts of the assets and may be equated to the raising of funds in one currency while at the same time lending funds in another. Asset swaps (often referred to as \"synthetic securities\") are transactions that convert the yield from a specific asset to another interest rate flow (fixed or variable) or to another currency by combining the asset (e.g. bond, floating-rate note) with an interest-rate or currency swap. An equity swap is characterized by the swapping of cash flows, changes in value and/or returns from an asset for cash flows, changes in value and/or returns from another asset, with at least one of the swapped cash flows or returns from an asset reflecting an equity or an equity index. Under a Total Return Swap, a Sub-Fund may exchange floating or fixed payments for payments based on the total return of a reference asset (such as equity or a fixed income instrument). Total Return Swaps allow the relevant Sub-Fund to manage its exposure to certain securities or reference securities. The Management Company may enter on behalf of the relevant Sub-Fund into swaps, provided that the counterparty is a financial institution of the first order, is specialised in such transactions and provided that the relevant sub-fund has the right, in accordance with the investment objectives specified in its Unit Trust Agreement and the special investment policy provisions, to invest in the relevant underlyings.", "hash": "a3d96713fde0e6d30524da4374e629c1", "id": 4}, {"snippet_links": [{"key": "direct-investment", "type": "definition", "offset": [96, 113]}, {"key": "your-instructions", "type": "definition", "offset": [142, 159]}, {"key": "to-enter", "type": "definition", "offset": [201, 209]}, {"key": "for-other-reasons", "type": "clause", "offset": [234, 251]}], "size": 3, "samples": [{"hash": "1qE5pkb1Gjo", "uri": "/contracts/1qE5pkb1Gjo#forward-contracts", "label": "Terms of Service", "score": 35.9816055298, "published": true}, {"hash": "jZt2cx132k9", "uri": "/contracts/jZt2cx132k9#forward-contracts", "label": "Terms of Service", "score": 34.8346557617, "published": true}, {"hash": "fhrkhceYH1Q", "uri": "/contracts/fhrkhceYH1Q#forward-contracts", "label": "Terms of Service", "score": 34.5586967468, "published": true}], "snippet": "Any Forward Contracts you enter into can only be for paying for identifiable goods, services or direct investment. We might decline to accept your instructions if we reasonably believe that you intend to enter into a Forward Contract for other reasons.", "hash": "59f96ce470bea71553b1cc2b0204f83d", "id": 9}, {"snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [10, 22]}, {"key": "forward-contract-merchant", "type": "clause", "offset": [49, 74]}, {"key": "all-transactions", "type": "clause", "offset": [85, 101]}, {"key": "pursuant-to", "type": "definition", "offset": [102, 113]}, {"key": "this-contract", "type": "definition", "offset": [114, 127]}, {"key": "meaning-of", "type": "definition", "offset": [170, 180]}, {"key": "united-states-bankruptcy-code", "type": "definition", "offset": [185, 214]}], "size": 7, "samples": [{"hash": "7AKV0LEPbvv", "uri": "/contracts/7AKV0LEPbvv#forward-contracts", "label": "Coal Supply Agreement (Armstrong Coal Company, Inc.)", "score": 24.7070503235, "published": true}, {"hash": "3RUSw1HBgeF", "uri": "/contracts/3RUSw1HBgeF#forward-contracts", "label": "Coal Supply Agreement (Armstrong Coal Company, Inc.)", "score": 24.7070503235, "published": true}, {"hash": "dPxTaMcSKXl", "uri": "/contracts/dPxTaMcSKXl#forward-contracts", "label": "Coal Supply Agreement (Armstrong Energy, Inc.)", "score": 24.5756340027, "published": true}], "snippet": "Buyer and Seller shall acknowledge that it is a \u201cforward contract merchant\u201d and that all transactions pursuant to this Contract constitute \u201cforward contracts\u201d within the meaning of the United States Bankruptcy Code.", "hash": "eaccfb0f199b60fea16280afee8bc2b2", "id": 6}, {"snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [5, 22]}, {"key": "to-enter", "type": "definition", "offset": [36, 44]}, {"key": "forward-contract", "type": "definition", "offset": [52, 68]}, {"key": "understand-and-agree-that", "type": "clause", "offset": [83, 108]}, {"key": "for-non", "type": "clause", "offset": [139, 146]}, {"key": "speculative-purposes", "type": "clause", "offset": [147, 167]}, {"key": "exchange-rate-movements", "type": "clause", "offset": [315, 338]}, {"key": "payment-by-you", "type": "clause", "offset": [504, 518]}, {"key": "direct-investments", "type": "clause", "offset": [545, 563]}, {"key": "notify-us", "type": "clause", "offset": [594, 603]}, {"key": "purpose-of", "type": "clause", "offset": [611, 621]}, {"key": "payment-of", "type": "clause", "offset": [687, 697]}, {"key": "at-any-time", "type": "clause", "offset": [819, 830]}, {"key": "sole-discretion", "type": "clause", "offset": [869, 884]}, {"key": "a-margin", "type": "definition", "offset": [900, 908]}, {"key": "to-secure", "type": "clause", "offset": [1093, 1102]}, {"key": "obligations-and-liabilities", "type": "definition", "offset": [1135, 1162]}, {"key": "calls-to-you", "type": "clause", "offset": [1200, 1212]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [1219, 1236]}, {"key": "margin-amount", "type": "definition", "offset": [1281, 1294]}, {"key": "the-case", "type": "definition", "offset": [1328, 1336]}, {"key": "our-nominated-account", "type": "definition", "offset": [1348, 1369]}, {"key": "hours-of", "type": "clause", "offset": [1407, 1415]}, {"key": "due-date", "type": "definition", "offset": [1462, 1470]}, {"key": "margin-call-receipt", "type": "definition", "offset": [1489, 1508]}, {"key": "if-applicable", "type": "clause", "offset": [1510, 1523]}, {"key": "you-agree", "type": "clause", "offset": [1560, 1569]}, {"key": "ordinary-course", "type": "definition", "offset": [1721, 1736]}, {"key": "our-business", "type": "clause", "offset": [1740, 1752]}, {"key": "without-limitation-to", "type": "clause", "offset": [1764, 1785]}, {"key": "a-third-party", "type": "clause", "offset": [1820, 1833]}, {"key": "entered-into", "type": "clause", "offset": [1871, 1883]}, {"key": "segregated-account", "type": "definition", "offset": [1960, 1978]}, {"key": "to-a-trust", "type": "definition", "offset": [2006, 2016]}, {"key": "unsecured-claim", "type": "definition", "offset": [2076, 2091]}, {"key": "equal-to", "type": "definition", "offset": [2117, 2125]}, {"key": "control-of", "type": "definition", "offset": [2243, 2253]}, {"key": "purposes-of-securing", "type": "clause", "offset": [2405, 2425]}, {"key": "excess-margin", "type": "definition", "offset": [2549, 2562]}, {"key": "return-of", "type": "clause", "offset": [2642, 2651]}, {"key": "any-excess", "type": "definition", "offset": [2652, 2662]}, {"key": "the-day", "type": "definition", "offset": [2749, 2756]}, {"key": "return-to", "type": "clause", "offset": [2797, 2806]}, {"key": "not-entitled", "type": "definition", "offset": [2888, 2900]}, {"key": "to-receive", "type": "definition", "offset": [2901, 2911]}, {"key": "interest-on", "type": "clause", "offset": [2916, 2927]}, {"key": "delivery-date", "type": "clause", "offset": [3007, 3020]}, {"key": "to-extend", "type": "clause", "offset": [3024, 3033]}, {"key": "roll-over", "type": "clause", "offset": [3035, 3044]}, {"key": "in-relation-to", "type": "clause", "offset": [3064, 3078]}, {"key": "our-discretion", "type": "clause", "offset": [3137, 3151]}, {"key": "you-acknowledge", "type": "clause", "offset": [3168, 3183]}, {"key": "payment-amount", "type": "definition", "offset": [3207, 3221]}, {"key": "we-agree-to", "type": "clause", "offset": [3280, 3291]}, {"key": "in-advance", "type": "clause", "offset": [3321, 3331]}, {"key": "original-maturity", "type": "definition", "offset": [3339, 3356]}, {"key": "termination-date", "type": "definition", "offset": [3360, 3376]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [3494, 3517]}, {"key": "close-out", "type": "definition", "offset": [3536, 3545]}, {"key": "liquidity-providers", "type": "definition", "offset": [3624, 3643]}, {"key": "related-to", "type": "definition", "offset": [3691, 3701]}], "size": 15, "samples": [{"hash": "1R0suF2IwjV", "uri": "/contracts/1R0suF2IwjV#forward-contracts", "label": "Relationship Agreement", "score": 33.3065223694, "published": true}, {"hash": "f5mJ53Evkyx", "uri": "/contracts/f5mJ53Evkyx#forward-contracts", "label": "Relationship Agreement", "score": 33.3039360046, "published": true}, {"hash": "59DNHnEmnA3", "uri": "/contracts/59DNHnEmnA3#forward-contracts", "label": "Relationship Agreement", "score": 25.5681037903, "published": true}], "snippet": "22.1 From time to time we may agree to enter into a Forward Contract with you. You understand and agree that:\n(a) we buy and sell currency for non-speculative purposes only and will not trade with you if you are seeking to enter into Forward Contract(s) as an investment or to profit by pure speculation on foreign exchange rate movements;\n(b) we will only enter a Forward Contract with you if we are satisfied that you are entering such Trade (i) for non- speculative reasons and (ii) to facilitate the payment by you of goods, services and/or direct investments; and\n(c) you will immediately notify us if the purpose of your Forward Contract (i) has ceased to become one to facilitate payment of identifiable goods, services and/or direct investment or (ii) could be considered as being for speculative reasons.\n22.2 At any time and from time to time, we may, in our sole discretion, notify you of a Margin Call. You understand and agree that in the event we consider (in our sole discretion) from time to time, that the amount of Margin you have transferred to us hereunder is insufficient to secure or otherwise collateralise your obligations and liabilities to us, we may make additional Margin Calls to you.\n22.3 In the event of a Margin Call, you must transfer the relevant Margin amount (or additional Margin amount, as the case may be) to our Nominated Account by the later of (i) twenty-four (24) hours of us notifying you of a Margin Call or (ii) the due date stipulated in the Margin Call Receipt (if applicable).\n22.4 In providing us with Margin, you agree that such monies (i) will become the absolute property of ours, free from any equity, right, title or interest of yours; (ii) may be used by us in the ordinary course of our business, including without limitation to cover any exposure we may have to a third party liquidity provider with whom we have entered into transactions to hedge our exposure; (iii) will not be maintained by us in a segregated account; (iv) shall not be subject to a trust, deemed or otherwise, in your favour and (v) represents an unsecured claim against us for an amount equal to such amount and does not represent a claim, by way of trust or otherwise to the Margin or any assets of or under the control of Ebury.\n22.5 If at any time and from time to time we determine that the Margin you have transferred to us is in excess of the amount we require for the purposes of securing or otherwise collateralising your obligations and liabilities to us hereunder, we will notify you of the existence of such excess Margin. At any time following such notification by us to you:\n(a) you may request the return of any excess Margin; and\n(b) subject to us determining that there continues to be excess Margin on the day on which you make such request, we will return to you as soon as reasonably practicable the relevant excess (if any).\n22.6 You are not entitled to receive any interest on \u2587\u2587\u2587\u2587\u2587\u2587 delivered to us.\n22.7 You may ask us to bring forward (pre-deliver) the Delivery Date or to extend (roll over) the Delivery Date in relation to the whole or only part of your Forward Contract. If we in our discretion agree to do so, you acknowledge that we may adjust the Payment Amount to reflect the new Delivery Date.\n22.8 If you request and we agree to Close-Out a Forward Contract in advance of its original maturity or termination date, there may be a delay in us returning Margin (subject to any deductions we may make from such Margin pursuant to the terms of this Agreement) to you whilst we close out or otherwise terminate any transaction(s) which we have entered into with our liquidity providers and such liquidity providers return the margin related to such transaction(s) to us.", "hash": "f4bccaf776e6a9d4fa891dad1fa36088", "id": 3}, {"snippet_links": [{"key": "to-enter", "type": "definition", "offset": [17, 25]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [54, 72]}, {"key": "payment-for", "type": "clause", "offset": [86, 97]}, {"key": "direct-investment", "type": "definition", "offset": [130, 147]}, {"key": "you-agree", "type": "clause", "offset": [149, 158]}, {"key": "right-to-decline", "type": "clause", "offset": [179, 195]}, {"key": "in-respect-of", "type": "definition", "offset": [221, 234]}, {"key": "for-purposes", "type": "definition", "offset": [330, 342]}], "size": 4, "samples": [{"hash": "lwq3Wtl4YDA", "uri": "/contracts/lwq3Wtl4YDA#forward-contracts", "label": "Terms of Use", "score": 35.692199707, "published": true}, {"hash": "fMwJ5W8R2i8", "uri": "/contracts/fMwJ5W8R2i8#forward-contracts", "label": "Terms of Use", "score": 35.5422782898, "published": true}, {"hash": "kGwLG44UBYG", "uri": "/contracts/kGwLG44UBYG#forward-contracts", "label": "Terms of Use", "score": 35.2691078186, "published": true}], "snippet": "You hereby agree to enter into Forward Contracts only for the purpose of facilitating payment for identifiable goods, services or direct investment. You agree that we reserve the right to decline to accept an instruction in respect of a Forward Contract if we reasonably believe that you intend to enter into the Forward Contract for purposes other than those listed above.", "hash": "28e147a6b995db89bdd6c757551d5bc7", "id": 7}, {"snippet_links": [{"key": "to-enter", "type": "definition", "offset": [20, 28]}, {"key": "instructions-to", "type": "definition", "offset": [115, 130]}, {"key": "airwallex-platform", "type": "definition", "offset": [146, 164]}, {"key": "we-agree-to", "type": "clause", "offset": [169, 180]}, {"key": "will-provide", "type": "clause", "offset": [197, 209]}, {"key": "setting-out", "type": "clause", "offset": [234, 245]}, {"key": "details-of-the", "type": "clause", "offset": [250, 264]}, {"key": "responsibility-to-check", "type": "clause", "offset": [309, 332]}, {"key": "to-ensure", "type": "clause", "offset": [350, 359]}, {"key": "your-instructions", "type": "definition", "offset": [385, 402]}, {"key": "you-agree-to", "type": "clause", "offset": [404, 416]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [451, 469]}, {"key": "payment-for", "type": "clause", "offset": [483, 494]}, {"key": "goods-or-services", "type": "definition", "offset": [508, 525]}, {"key": "for-other-purposes", "type": "clause", "offset": [603, 621]}, {"key": "in-respect-of", "type": "definition", "offset": [670, 683]}, {"key": "we-may-cancel", "type": "clause", "offset": [757, 770]}], "size": 8, "samples": [{"hash": "kQUaxZKiVBJ", "uri": "/contracts/kQUaxZKiVBJ#forward-contracts", "label": "Payout and Fx Terms", "score": 30.3436508179, "published": true}, {"hash": "fr9rvtwVKDv", "uri": "/contracts/fr9rvtwVKDv#forward-contracts", "label": "Payment and Fx Terms", "score": 29.7414302826, "published": true}, {"hash": "cTfD2FQu6qu", "uri": "/contracts/cTfD2FQu6qu#forward-contracts", "label": "Payment and Fx Terms", "score": 29.6866836548, "published": true}], "snippet": "If you are approved to enter into Forward Contracts, you may request to enter into a Forward Contract by providing instructions to us through the Airwallex Platform. If we agree to your request we will provide you with a Confirmation setting out the details of the Forward Contract. You agree that it is your responsibility to check the Confirmation to ensure that it corresponds with your instructions. You agree to enter into Forward Contracts only for the purpose of facilitating payment for identifiable goods or services. If we reasonably believe that you intend to enter into the Forward Contract for other purposes, we:\n(a) may decline to accept your instruction in respect of a Forward Contract; or\n(b) if we have already accepted your instruction, we may cancel the Forward Contract.", "hash": "dc7ea3407e5e7484e994ce5f0c31a331", "id": 5}, {"snippet_links": [{"key": "the-parties-agree-that", "type": "clause", "offset": [0, 22]}, {"key": "transactions-contemplated-in-this-agreement", "type": "clause", "offset": [27, 70]}, {"key": "meaning-of", "type": "definition", "offset": [114, 124]}, {"key": "united-states-bankruptcy-code", "type": "definition", "offset": [129, 158]}, {"key": "each-party", "type": "clause", "offset": [169, 179]}, {"key": "forward-contract-merchant", "type": "clause", "offset": [186, 211]}], "size": 4, "samples": [{"hash": "d4sKSmEn99d", "uri": "/contracts/d4sKSmEn99d#forward-contracts", "label": "Gas Gathering Agreement", "score": 29.3408622742, "published": true}, {"hash": "358ZAmU2wzK", "uri": "/contracts/358ZAmU2wzK#forward-contracts", "label": "Gas Gathering Agreement (GMX Resources Inc)", "score": 19.0, "published": true}], "snippet": "The Parties agree that the transactions contemplated in this Agreement constitute a \u201cforward contract\u201d within the meaning of the United States Bankruptcy Code, and that each Party is a \u201cforward contract merchant\u201d within the meaning of the United States Bankruptcy Code.", "hash": "239d3d65e9f07065c0b13292b515247c", "id": 8}, {"snippet_links": [{"key": "forward-contract", "type": "definition", "offset": [25, 41]}, {"key": "paying-us", "type": "clause", "offset": [54, 63]}, {"key": "sale-currency", "type": "definition", "offset": [68, 81]}, {"key": "lump-sum", "type": "definition", "offset": [96, 104]}, {"key": "pay-to", "type": "definition", "offset": [115, 121]}, {"key": "the-standard", "type": "clause", "offset": [159, 171]}, {"key": "the-initial-payment", "type": "clause", "offset": [182, 201]}, {"key": "right-to-charge", "type": "clause", "offset": [262, 277]}, {"key": "depending-on-the", "type": "clause", "offset": [301, 317]}, {"key": "the-balance", "type": "clause", "offset": [350, 361]}, {"key": "at-any-time", "type": "clause", "offset": [429, 440]}, {"key": "value-date", "type": "clause", "offset": [454, 464]}, {"key": "additional-payment", "type": "definition", "offset": [482, 500]}, {"key": "request-for", "type": "definition", "offset": [523, 534]}, {"key": "to-be-deposited", "type": "definition", "offset": [571, 586]}, {"key": "cleared-funds", "type": "definition", "offset": [598, 611]}, {"key": "relevant-client", "type": "definition", "offset": [622, 637]}, {"key": "business-days-of", "type": "clause", "offset": [658, 674]}, {"key": "the-request", "type": "clause", "offset": [675, 686]}, {"key": "to-pay", "type": "clause", "offset": [795, 801]}, {"key": "local-time", "type": "definition", "offset": [937, 947]}, {"key": "in-the-contract", "type": "clause", "offset": [972, 987]}, {"key": "in-accordance-with", "type": "clause", "offset": [994, 1012]}, {"key": "to-enter", "type": "definition", "offset": [1068, 1076]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [1158, 1176]}], "size": 3, "samples": [{"hash": "7apyW0Y1dnG", "uri": "/contracts/7apyW0Y1dnG#forward-contracts", "label": "Framework Agreement for Foreign Exchange and Payment Services", "score": 25.1560573578, "published": true}, {"hash": "65RdjZMI96x", "uri": "/contracts/65RdjZMI96x#forward-contracts", "label": "Framework Agreement for Foreign Exchange and Payment Services", "score": 25.1560573578, "published": true}, {"hash": "5EfTgbQOUDd", "uri": "/contracts/5EfTgbQOUDd#forward-contracts", "label": "Framework Agreement for Foreign Exchange and Payment Services", "score": 25.1560573578, "published": true}], "snippet": "6.1. If you enter into a Forward Contract, instead of paying Us the Sale Currency Monies in one lump sum, you will pay to us an Initial Payment and a Balance. The standard amount of the Initial Payment is 10% of the Sale Currency Monies. However, we reserve the right to charge more or less than this depending on the circumstances of each Contract. The Balance will be the Sale Currency Monies less the Initial Payment. We may, at any time prior to the Value Date, request that an Additional Payment be made. If we make a request for an Additional Payment, it will need to be deposited in full in cleared funds, into the relevant Client FX Account within 2 Business Days of the request. If an Additional Payment is requested, then the Balance will be adjusted accordingly.\n6.2. You are obliged to pay any Initial Payment, any Additional Payment and the Balance in full in cleared funds into the relevant Client FX Account by midday (UK local time) on the dates specified in the Contract.\n6.3. In accordance with the permissions we have with the FCA, we are only able to enter into a Forward Contract with you which is:\n6.3.1. settled physically; and\n6.3.2. for the purpose of:", "hash": "77066322503f5540fdba06e945f01814", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihpmb3J3YXJkLWNvbnRyYWN0cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Forward Contracts", "parents": [["making-payments-and-fx-conversions", "Making Payments and Fx Conversions"], ["forward-contract-facility", "Forward Contract Facility"], ["safeguarding", "Safeguarding"], ["miscellaneous", "Miscellaneous"], ["forward-contracts", "Forward Contracts"]], "children": [["draw-down", "Draw Down"], ["termination-of-a-forward-contract", "Termination of a Forward Contract"], ["valuation-of-orders", "Valuation of Orders"], ["return-of-variation-margin", "Return of Variation Margin"], ["variation-margin-requirement", "Variation Margin Requirement"]], "size": 165, "id": "forward-contracts", "related": [["forward-contract", "Forward Contract", "Forward Contract"], ["standard-contract", "Standard Contract", "Standard Contract"], ["hedging-contracts", "Hedging Contracts", "Hedging Contracts"], ["futures-contracts", "Futures Contracts", "Futures Contracts"], ["delayed-delivery-contracts", "Delayed Delivery Contracts", "Delayed Delivery Contracts"]], "related_snippets": [], "updated": "2025-07-24T04:27:51+00:00"}, "json": true, "cursor": ""}}