Common use of Interest on Margin Clause in Contracts

Interest on Margin. The Customer acknowledges and agrees that DBS ▇▇▇▇▇▇▇ may pay interest to the Customer at such rate as it may determine in its sole discretion on any Margin in respect of futures, foreign exchange trading or OTC transactions provided always that DBS ▇▇▇▇▇▇▇ may always retain the difference between such interest and the actual interest earned by DBS ▇▇▇▇▇▇▇ on such Margin. DBS ▇▇▇▇▇▇▇ shall, in this connection, be authorised to withdraw such interest differential from the Customer’s Account and pay the same into DBS ▇▇▇▇▇▇▇’ own account.

Interest on Margin. The Customer acknowledges and agrees that DBS ▇▇▇▇▇▇▇ may ma y pay interest to the Customer at such rate as it may determine in its sole discretion on any Margin in respect of futures, foreign exchange trading or OTC transactions provided always that DBS ▇▇▇▇▇▇▇ may always retain the difference between such interest and the actual interest earned by DBS ▇▇▇▇▇▇▇ on such Margin. DBS ▇▇▇▇▇▇▇ shall, in this connection, be authorised to withdraw such interest differential from the Customer’s Account and pay the same into DBS ▇▇▇▇▇▇▇’ own account.