Processing Instructions in the Balance Clause Samples

Processing Instructions in the Balance. Please be aware that there is a time difference between the moment an Order is executed and the moment that the trade is settled. Orders that have been executed (meaning that the intended buy or sell has taken place) will immediately be booked in the Balance, together with the amounts of compensation and costs payable. This means that the transaction may be booked in the Balance (in case of a purchase, by the entry of Financial Instruments and the debiting of money and vice versa in case of a sale) before this transaction is actually settled (i.e., before SPV has received or delivered the concerned Financial Instruments against payment in its relation to the relevant counterparty). These bookings made before settlement of the relevant trades are conditional bookings to show the economic position of the Client. In most markets, the actual delivery and payment of Securities takes place two Trading Days after the transaction. The actual payment of compensation and fees to DEGIRO takes place at the end of each Trading Day. If SPV does not actually receive the positions that have been booked into the Balance within a reasonable timeframe – or only receives part of these positions – then DEGIRO is authorized to correct the conditional bookings by undoing or amending these. The conditional bookings in Foreign Currency will be corrected at the rate in effect at the time of correcting. Costs incurred in connection with the correction are charged to the Client. This may affect the Client´s investment strategy as, for example, the Client may not be able to participate in a Corporate action with an unsettled position before the date that Securities are traded without the rights flowing from the Securities (Ex-date).