Interest Adjustments. (a) Interest payments owing in respect of borrowings by the Long Party under a CFD or in respect of borrowings by Mitrade from the Short Party under a CFD shall accrue and be payable on a daily basis at Mitrade’s prevailing rates of interest (determined at Mitrade’s sole discretion from time to time), and shall be settled by Mitrade by debiting or crediting your account with the daily interest rate differential between the amount of interest payable by you and the amount of interest payable by Mitrade to you. In the event that there is insufficient Margin in your account, you acknowledge that any amount due under this clause is a debt due and owing by you to Mitrade.
Appears in 6 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
