Common use of Interest on Margin Clause in Contracts

Interest on Margin. Without prejudice to Clause A6, 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 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.