Common use of WIDENED SPREADS Clause in Contracts

WIDENED SPREADS. Client understands and acknowledges that there may be instances where spreads widen beyond the typical spreads offered. During volatile markets, such as news announcements, spreads may widen substantially in order to compensate for increased market volatility. Client is advised to utilize extreme caution when trading during increased volatility in the markets, including major news events, as widened spreads can adversely affect all positions in an account including hedged positions. 8 SETTLEMENT DATE, ROLLOVERS AND INTEREST BMFN is authorized, in its absolute discretion, to rollover or offset all or any portion of positions maintained in CFDs on currencies within Client's Account(s), maintained on any electronic trading platform at Client's risk. A position carried forward may be credited or debited interest charges until the position is closed. All CFDs on Futures are not rolled over at contract expiration. BMFN shall close all positions at expiration of Futures contracts and client may, at his/her sole discretion, elect to purchase a new contract. At its discretion, BMFN may elect to offer Client an interest free account whereby positions carried forward will not be credited or debited interest charges. Client agrees and acknowledges that if such an account is offered by BMFN to Client, BMFN has the authority to, at its own discretion and at anytime and for any reason, begin crediting and/or debiting interest charges to said account without prior notice to Client.

Appears in 2 contracts

Samples: Joint Account Client Agreement, Joint Account Client Agreement

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WIDENED SPREADS. Client understands and acknowledges that there may be instances where spreads widen beyond the typical spreads offered. During volatile markets, such as news announcements, spreads may widen substantially in order to compensate for increased market volatility. Client is advised to utilize extreme caution when trading during increased volatility in the markets, including major news events, as widened spreads can adversely affect all positions in an account including hedged positions. 8 SETTLEMENT DATE, ROLLOVERS AND INTEREST BMFN is authorized, in its absolute discretion, to rollover or offset all or any portion of positions maintained in CFDs CFD’s on currencies within Client's ’s Account(s), maintained on any electronic trading platform at Client's ’s risk. A position carried forward may be credited or debited interest charges until the position is closed. All CFDs CFD’s on Futures are not rolled over at contract expiration. BMFN shall close all positions at expiration of Futures contracts and client may, at his/her sole discretion, elect to purchase a new contract. At its discretion, BMFN may elect to offer Client an interest free account whereby positions carried forward will not be credited or debited interest charges. Client agrees and acknowledges that if such an account is offered interest free terms shall be granted by BMFN to Client, only as a result of representations made by Client and that BMFN has shall have the authority to, at its own discretion discretion, elect to retroactively cancel such interest free terms and at anytime account activity after making determinations of the lack of authenticity of such representations, including determining that Client is maintaining interest bearing accounts elsewhere. BMFN is authorized to cancel all trading activity of such account since inception following its determination and for any reason, begin crediting and/or debiting interest charges to said account without prior notice will return the original deposit(s) to Client.

Appears in 2 contracts

Samples: BMFN Corporate Agreement, Individual Client Agreement

WIDENED SPREADS. Client understands and acknowledges that there may be instances where spreads widen beyond the typical spreads offered. During volatile markets, such as news announcements, spreads may widen substantially in order to compensate for increased market volatility. Client is advised to utilize extreme caution when trading during increased volatility in the markets, including major news events, as widened spreads can adversely affect all positions in an account including hedged positions. 8 SETTLEMENT DATE, ROLLOVERS AND INTEREST BMFN NOOR is authorized, in its absolute discretion, to rollover or offset all or any portion of positions maintained in CFDs on currencies currencies, commodities or any other financial product within Client's Account(s), maintained on any electronic trading platform at Client's risk. A position carried forward may be credited or debited interest charges until the position is closed. All CFDs on Futures are not rolled over at contract expiration. BMFN NOOR shall close all positions at expiration of Futures contracts and client Client may, at his/her her/it sole discretion, elect to purchase a new contract. At its discretion, BMFN NOOR may elect to offer Client an interest free account whereby positions carried forward will not be credited or debited interest charges. Client agrees and acknowledges that if such an account is offered interest free terms shall be granted by BMFN to Client, BMFN has NOOR only as a result of representations made by Client and that NOOR shall have the authority to, at its own discretion discretion, elect to retroactively cancel such interest free terms and account activity at anytime any time or after making determinations of the lack of authenticity of such representations, Including but not limited to determining that Client is maintaining interest bearing accounts elsewhere. NOOR is authorized to cancel all trading activity of such account since inception following its determination and for any reason, begin crediting and/or debiting interest charges to said account without prior notice will return the original deposit(s) to Client.. NOOR may elect to offer, at its sole discretion, interest or swap free accounts for Clients who, for religious reasons, may choose not to receive or pay daily interest fees. When trading an interest free account, currency pairs held overnight will not be paid or charged/credited a daily swap fee. Swap free terms are not available for all currency pairs (i.e. NZD, MXN) or spot commodities contracts (Crude Oil, Gold). NOOR reserves the right to cancel such interest free terms if positions are kept open for more than ten

Appears in 1 contract

Samples: Capital Client Agreement

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WIDENED SPREADS. Client understands and acknowledges that there may be instances where spreads widen beyond the typical spreads offered. During volatile markets, such as news announcements, spreads may widen substantially in order to compensate for increased market volatility. Client is advised to utilize extreme caution when trading during increased volatility in the markets, including major news events, as widened spreads can adversely affect all positions in an account including hedged positions. 8 SETTLEMENT DATE, ROLLOVERS AND INTEREST BMFN is authorized, in its absolute discretion, to rollover or offset all or any portion of positions maintained in CFDs CFD’s on currencies within Client's ’s Account(s), maintained on any electronic trading platform at Client's ’s risk. A position carried forward may be credited or debited interest charges until the position is closed. All CFDs CFD’s on Futures are not rolled over at contract expiration. BMFN shall close all positions at expiration of Futures contracts and client may, at his/her sole discretion, elect to purchase a new contract. At its discretion, BMFN may elect to offer Client an interest free account whereby positions carried forward will not be credited or debited interest charges. Client agrees and acknowledges that if such an account is offered interest free terms shall be granted by BMFN to Client, only as a result of representations made by Client and that BMFN has shall have the authority to, at its own discretion discretion, elect to retroactively cancel such interest free terms and at anytime account activity after making determinations of the lack of authenticity of such representations, including determining that Client is maintaining interest bearing accounts elsewhere. BMFN is authorized to cancel all trading activity of such account since inception following its determination and for any reason, begin crediting and/or debiting interest charges to said account without prior notice will return the original deposit(s) to Client.

Appears in 1 contract

Samples: Corporate Client Agreement

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