Close Out Order definition

Close Out Order means an Order closing out some or all of an Open Position.
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Examples of Close Out Order in a sentence

  • OANDA will have no obligation to execute any Order (other than a Close Out Order), including but not limited to any Order which would cause your Account to fail to meet the Margin Requirement.

  • Where a Close Out Order results in Realized Loss or Realized Profit in a currency other than your Account’s Base Currency, you authorize OANDA to convert such Realized Loss or Realized Profit into your Account’s Base Currency at OANDA’s prevailing exchange Rate at the time such Close Out Order is executed at OANDA’s fxTrade server.

  • Where a Close Out Order results in Realized Loss or Realized Profit in a OANDA Asia Pacific Pte.

  • OANDA will have no obligation to execute any Order (other than a Close Out Order, or a Guaranteed Stop Loss Order for a Guaranteed Stop Transaction), including but not limited to any Order which would cause your Account to fail to meet the Margin Requirement.

  • Where a Close Out Order results in Realized Loss or Realized Profit in a currency other than your Account’s Base Currency, you authorize OANDA to convert such Realized Loss or Realized Profit into your Account’s Base Currency at OANDA’s prevailing Exchange Rate at the time such Close Out Order is executed at OANDA’s fxTrade server.

  • OANDA will have no obligation to execute any Order (other than a Close Out Order), including but not limited to any Order which wouldcause your Account to fail to meet the Margin Requirement.

  • Should the Customer fail to do so, OANDA may elect, at its discretion, to enter a Close Out Order or effect a Novation on the Customer’s behalf, or to make and/or accept Delivery on the Customer’s behalf.

  • Hankotrade will have no obligation to execute any Order (other than a Close Out Order), including but not limited to any Order which would cause your Account to fail to meet the Margin Requirement.

  • Where a Close Out Order results in Realized Loss or Realized Gain in a currency other than your Account’s Base Currency, you authorize Hankotrade to convert such Realized Loss or Realized Gain into your Account’s Base Currency at Hankotrade’s prevailing Exchange Rate at the time such Close Out Order is executed at Hankotrade’s server.

  • Where a Close Out Order has been placed, the Close Out will take place (subject to clauses 11 and 12) as soon as reasonably practicable after Halifax receives the instruction or as close as reasonably practicable to the time instructed by the Client.

Related to Close Out Order

  • Close-Out Date means a day on which, pursuant to the provisions of Section 8.1, the Non-Defaulting Party closes out Currency Obligations and/or Options or such close-out occurs automatically. "Closing Gain", as to the Non-Defaulting Party, means the difference described as such in relation to a particular Value Date under the provisions of Section 8.1.

  • Close Out means the termination, cancellation, liquidation, acceleration, or other similar action with respect to all transactions under one or more Contracts.

  • Close-out Amount means, with respect to each Terminated Transaction or each group of Terminated Transactions and a Determining Party, the amount of the losses or costs of the Determining Party that are or would be incurred under then prevailing circumstances (expressed as a positive number) or gains of the Determining Party that are or would be realised under then prevailing circumstances (expressed as a negative number) in replacing, or in providing for the Determining Party the economic equivalent of, (a) the material terms of that Terminated Transaction or group of Terminated Transactions, including the payments and deliveries by the parties under Section 2(a)(i) in respect of that Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date (assuming satisfaction of the conditions precedent in Section 2(a)(iii)) and (b) the option rights of the parties in respect of that Terminated Transaction or group of Terminated Transactions. Any Close-out Amount will be determined by the Determining Party (or its agent), which will act in good faith and use commercially reasonable procedures in order to produce a commercially reasonable result. The Determining Party may determine a Close-out Amount for any group of Terminated Transactions or any individual Terminated Transaction but, in the aggregate, for not less than all Terminated Transactions. Each Close-out Amount will be determined as of the Early Termination Date or, if that would not be commercially reasonable, as of the date or dates following the Early Termination Date as would be commercially reasonable. Unpaid Amounts in respect of a Terminated Transaction or group of Terminated Transactions and legal fees and out-of-pocket expenses referred to in Section 11 are to be excluded in all determinations of Close-out Amounts. In determining a Close-out Amount, the Determining Party may consider any relevant information, including, without limitation, one or more of the following types of information:—

  • Market Order means Orders which are executed at the best available market price.

  • Close-out Report means a report from the Grantee allowing the Grantor to determine whether all applicable administrative actions and required work have been completed, and therefore closeout actions can commence.