Our pricing. (i) The Contract Price of a Foreign Exchange Contract will be a bid or offer price (whichever is applicable) calculated by us by applying the AxiCorp Spread to the Interbank Rate. (ii) If the Closing Date of a Foreign Exchange Contract is other than a date generally quoted in the market, we will calculate the Interbank Rate from the available market prices for another value date as we consider representative, fair and reasonable.
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Our pricing. (i) The Contract Price of a Foreign Exchange Contract will be a bid or offer price (whichever is applicable) calculated by us by applying the AxiCorp Spread to the Interbank Rate.
(ii) If the Closing Date of a Foreign Exchange Contract is other than a date generally quoted in the market, we will calculate the Interbank Rate from the available market prices for another value date as we consider representative, fair and reasonable.
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Sources: Retail Client Agreement