Common use of Netting Clause in Contracts

Netting. 12.1 The amounts payable under the Operative Agreements are automatically converted by the Company into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 12.2 If the aggregate amount payable under the Operative Agreements by the Client equals the aggregate amount payable under the Operative Agreements by the Company, then the obligations to make payment of any such amount will be automatically satisfied and discharged. 12.3 If the aggregate amount payable under the Operative Agreements by one party exceeds the aggregate amount payable under the Operative Agreements by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. This provision shall also apply when a Client that may have multiple Trading Accounts and where an amount is due and owing to the Company from one of the Trading Accounts whereas there are funds available in any other Trading Account, then the Company shall be entitled to settle any obligations due by the Trading Account in deficit by transferring funds from the Trading Account(s) which has funds available. In the event of such transfer, The Company shall not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level. 12.4 The Client obligations to pay any due amount shall include all commissions, charges and other costs determined by the Company. 12.5 The Company, under the terms and conditions of Operative Agreements reserves the right at its absolute discretion, to disable Clients account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the the Company’s servers and can cause negative trading experience to the Clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others.

Appears in 7 contracts

Sources: Client Agreement, Client Agreement, Client Agreement

Netting. 12.1 The amounts payable under the Operative Agreements are automatically converted by the Company into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 12.2 15.1. If the aggregate amount payable under the Operative Agreements by the Client equals is equal to the aggregate amount payable under the Operative Agreements by the Company, then automatically the mutual obligations to make payment of any such amount will be automatically satisfied are set-off and dischargedcancel each other. 12.3 15.2. If the aggregate amount payable under the Operative Agreements by one party exceeds the aggregate amount payable under the Operative Agreements by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. This provision shall also apply when a Client that may have multiple Trading Accounts and where an amount is due and owing to the Company from one of the Trading Accounts whereas there are funds available in any other Trading Account, then the Company shall be entitled to settle any obligations due by the Trading Account in deficit by transferring funds from the Trading Account(s) which has funds available. In the event even of such transfer, The the Company shall not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level. 12.4 15.3. The Company has the right to combine all or any Client obligations Accounts opened in the Client’s name and to pay any due amount shall include all commissions, charges consolidate the Balances in such accounts and other costs determined by to set-off such Balances in the Companyevent of termination of the Agreement. 12.5 15.4. The Company, under the terms and conditions of Operative Agreements this Agreement, reserves the right at its absolute discretion, to disable Clients account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the the Company’s servers and can cause negative trading experience to the Clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others.

Appears in 4 contracts

Sources: Client Agreement, Client Agreement, Client Agreement

Netting. 12.1 13.1. The amounts payable under the Operative Agreements are automatically converted by the Company OPO GROUP LLC into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 12.2 13.2. If the aggregate amount payable under the Operative Agreements by the Client equals the aggregate amount payable under the Operative Agreements by the CompanyOPO GROUP LLC, then the obligations to make payment of any such amount will be automatically satisfied and discharged. 12.3 13.3. If the aggregate amount payable under the Operative Agreements by one party exceeds the aggregate amount payable under the Operative Agreements by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. This provision shall also apply when a Client that may have multiple Trading Accounts and where an amount is due and owing to the Company OPO GROUP LLC from one of the Trading Accounts whereas there are funds available in any other Trading Account, then the Company OPO GROUP LLC shall be entitled to settle any obligations due by the Trading Account in deficit by transferring funds from the Trading Account(s) which has funds available. In the event of such transfer, The Company OPO GROUP LLC shall not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level. 12.4 13.4. The Client obligations to pay any due amount shall include all commissions, charges and other costs determined by the CompanyOPO GROUP LLC. 12.5 The Company13.5. OPO GROUP LLC, under the terms and conditions of Operative Agreements reserves the right at its absolute discretion, to disable Clients account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the the CompanyOPO GROUP LLC’s servers and can cause negative trading experience to the Clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others.

Appears in 3 contracts

Sources: Client Agreement, Client Agreement, Client Agreement

Netting. 12.1 15.1 The amounts payable under the Operative Agreements are automatically converted by the Company into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 12.2 15.2 If the aggregate amount payable under the Operative Agreements by the Client equals the aggregate amount payable under the Operative Agreements by the Company, then the obligations to make payment of any such amount will be automatically satisfied and discharged. 12.3 15.3 If the aggregate amount payable under the Operative Agreements by one party exceeds the aggregate amount payable under the Operative Agreements by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. This provision shall also apply when a Client that may have multiple Trading Accounts and where an amount is due and owing to the Company from one of the Trading Accounts whereas there are funds available in any other Trading Account, then the Company shall be entitled to settle any obligations due by the Trading Account in deficit by transferring funds from the Trading Account(s) which has funds available. In the event of such transfer, The Company shall not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level. 12.4 15.4 The Client obligations to pay any due amount shall include all commissions, charges and other costs determined by the Company. 12.5 15.5 The Company, under the terms and conditions of Operative Agreements reserves the right at its absolute discretion, to disable Clients account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the the Company’s servers and can cause negative trading experience to the Clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others.

Appears in 1 contract

Sources: Account Opening Agreement

Netting. 12.1 The amounts payable under the Operative Agreements are automatically converted by the Company into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 12.2 15.1. If the aggregate amount payable under the Operative Agreements by the Client equals is equal to the aggregate amount payable under the Operative Agreements by the Company, then automatically the mutual obligations to make payment of any such amount will be automatically satisfied are set-off and dischargedcancel each other. 12.3 15.2. If the aggregate amount payable under the Operative Agreements by one party exceeds the aggregate amount payable under the Operative Agreements by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. This provision shall also apply when a Client that may have multiple Trading Accounts and where an amount is due and owing to the Company from one of the Trading Accounts whereas there are funds available in any other Trading Account, then the Company shall be entitled to settle any obligations due by the Trading Account in deficit by transferring funds from the Trading Account(s) which has funds available. In the event even of such transfer, The the Company shall not shallnot be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level. 12.4 15.3. The Company has the right to combine all or any Client obligations Accounts opened in the Client’s name and to pay any due amount shall include all commissions, charges consolidate the Balances in such accounts and other costs determined by to set-off such Balances in the Companyevent of termination of the Agreement. 12.5 15.4. The Company, under the terms and conditions of Operative Agreements this Agreement, reserves the right at its absolute discretion, to disable Clients account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the the Company’s servers and can cause negative trading experience to the Clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others.

Appears in 1 contract

Sources: Client Agreement

Netting. 12.1 The amounts payable under the Operative Agreements are automatically converted by the Company into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 12.2 If the aggregate amount payable under the Operative Agreements by the Client equals the aggregate amount payable under the Operative Agreements by the Company, then the obligations to make payment of any such amount will be automatically satisfied and discharged. 12.3 If the aggregate amount payable under the Operative Agreements by one party exceeds the aggregate amount payable under the Operative Agreements by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. This provision shall also apply when a Client that may have multiple Trading Accounts and where an amount is due and owing to the Company from one of the Trading Accounts whereas there are funds available in any other Trading Account, then the Company shall be entitled to settle any obligations due by the Trading Account in deficit by transferring funds from the Trading Account(s) which has funds available. In the event of such transfer, The Company shall not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level. 12.4 The Client obligations to pay any due amount shall include all commissions, charges and other costs determined by the Company. 12.5 The Company, under the terms and conditions of Operative Agreements reserves the right at its absolute discretion, to disable Clients account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the the Company’s servers and can cause negative trading experience to the Clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others.

Appears in 1 contract

Sources: Client Agreement

Netting. 12.1 The amounts payable under the Operative Agreements are automatically converted by the Company into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 12.2 If the aggregate amount payable under the Operative Agreements by the Client equals the aggregate amount payable under the Operative Agreements by the Company, then the obligations to make payment of any such amount will be automatically satisfied and discharged. 12.3 If the aggregate amount payable under the Operative Agreements by one party exceeds the aggregate amount payable under the Operative Agreements by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. This provision shall also apply when a Client that may have multiple Trading Accounts and where an amount is due and owing to the Company from one of the Trading Accounts whereas there are funds available in any other Trading Account, then the Company shall be entitled to settle any obligations due by the Trading Account in deficit by transferring funds from the Trading Account(s) which has funds available. In the event of such transfer, The Company shall not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level. 12.4 The Client obligations to pay any due amount shall include all commissions, charges and other costs determined by the Company. 12.5 The Company, under the terms and conditions of Operative Agreements reserves the right at its absolute discretion, to disable Clients account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the the Company’s Company‟s servers and can cause negative trading experience to the Clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others.

Appears in 1 contract

Sources: Client Agreement

Netting. 12.1 The amounts payable under the Operative Agreements are automatically converted by the Company into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 12.2 If the aggregate amount payable under the Operative Agreements by the Client equals the aggregate amount payable under the Operative Agreements by the Company, then the obligations to make payment of any such amount will be automatically satisfied and discharged. 12.3 If the aggregate amount payable under the Operative Agreements by one party exceeds the aggregate amount payable under the Operative Agreements by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. This provision shall also apply when a Client that may have multiple Trading Accounts and where an amount is due and owing to the Company from one of the Trading Accounts whereas there are funds available in any other Trading Account, then the Company shall be entitled to settle any obligations due by the Trading Account in deficit by transferring funds from the Trading Account(s) which has funds available. In the event of such transfer, The Company shall not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level. 12.4 The Client obligations to pay any due amount shall include all commissions, charges and other costs determined by the Company. 12.5 The Company, under the terms and conditions of Operative Agreements reserves the right at its absolute discretion, to disable Clients account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the the Company’s servers and can cause negative trading experience to the Clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others.

Appears in 1 contract

Sources: Client Agreement

Netting. 12.1 13.1. The amounts payable under the Operative Agreements are automatically converted by the Company FXTM into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market. 12.2 13.2. If the aggregate amount payable under the Operative Agreements by the Client equals the aggregate amount payable under the Operative Agreements by the CompanyFXTM, then the obligations to make payment of any such amount will be automatically satisfied and discharged. 12.3 13.3. If the aggregate amount payable under the Operative Agreements by one party exceeds the aggregate amount payable under the Operative Agreements by the other party, then the party with the larger aggregate amount shall pay the excess to the other party and all obligations to make payment will be automatically satisfied and discharged. This provision shall also apply when a Client that may have multiple Trading Accounts and where an amount is due and owing to the Company FXTM from one of the Trading Accounts whereas there are funds available in any other Trading Account, then the Company FXTM shall be entitled to settle any obligations due by the Trading Account in deficit by transferring funds from the Trading Account(s) which has funds available. In the event of such transfer, The Company FXTM shall not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level. 12.4 13.4. The Client obligations to pay any due amount shall include all commissions, charges and other costs determined by the CompanyFXTM. 12.5 13.5. The Company, under the terms and conditions of Operative Agreements reserves the right at its absolute discretion, to disable Clients account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the the CompanyFXTM’s servers and can cause negative trading experience to the Clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others.

Appears in 1 contract

Sources: Client Agreement