Common use of SETTLEMENT DATE AND ROLLOVERS Clause in Contracts

SETTLEMENT DATE AND ROLLOVERS. All Spot currency positions will be posted to Trader’s account in U.S. Dollars or other mutually agreed upon currency on the trade date and settled within 48 hours. The resulting position will automatically rollover for an additional 48 hour period unless (i) Trader gives satisfactory instructions for further delivery of the foreign currency subject to FXTIS ’s usual and customary charges and re-delivery fees; or (ii) a

SETTLEMENT DATE AND ROLLOVERS. All Spot currency positions will be posted to Trader’s account in U.S. Dollars or other mutually agreed upon currency on the trade date and settled within 48 hours. The resulting position will automatically rollover for an additional 48 hour period unless (i) Trader gives satisfactory instructions for further delivery of the foreign currency subject to FXTIS TICFD ’s usual and customary charges and re-delivery fees; or (ii) a