Share CFDs Clause Samples
Share CFDs. The Contract Price of a Share CFD equal the mid-market price of the relevant Security at the close of trading on the relevant exchange on such Business Day. But if the Contract Price is determined on a day on which the exchange on which the relevant Security has its primary listing is closed it will equal the mid- market price of the relevant Security at the close of trading on the preceding Business Day on which such exchange was open.
Share CFDs. Share based CFD Transactions (“Share CFD”) are traded on a daily basis, in conjunction with the times in which the underlying share is traded in the relevant Financial Market. Without derogating the provisions of this Agreement, Share CFD Transactions may be terminated by the Company upon the occurrence of the events set out in Sections 6.39 – 6.41 hereunder.
Share CFDs. Please note that the treatment you receive during a corporate action may be less favourable that if you owned the underlying instrument because changes we make may need to be made in a reactionary manner and to take effect sooner than required by the corporate action. Therefore the time you have to make decisions could be considerably reduced; the options available may be more restrictive/less advantageous and may be such that there is no opportunity for you to close the position. Given that corporate events can often be announced at extremely short notice you may have no opportunity to close positions out to avoid negative consequences and you may be required to provide more funds to cover margin at very short notice.