Closing Out definition
Closing Out means in relation to any or portion of any contract, the entering into of another contract of the same specification and for the same amount but of an opposite position in order to cancel the former contract and/or to crystallise the profit or loss on such former contract and the term “Close Out” shall be construed accordingly;
Closing Out means in relation to any or portion of any F/O Contract, the
Closing Out means, in relation to an FX Contract, to close out, unwind, cancel or otherwise terminate.
Examples of Closing Out in a sentence
You have an obligation to satisfy a Margin call (in addition to your obligation to maintain Margin cover) within the required time by Closing Out positions or making payments (or both) as accepted by Admiral, in its absolute discretion.
You acknowledge and agree that we will not have any liability to you because of any such Closing Out of your Transactions.
You acknowledge that the amount of any loss realised on the Closing Out of a Transaction is a debt payable by you and agree that we may immediately deduct the total amount of any loss (together with any expenses, premiums, commissions or other fees) from any funds we hold in relation to any Transaction whether in the form of an Advance Payment or otherwise.
In Closing Out an FX Contract, we may add a Spread which will be in line with the Spread added to your FX Contract when it was concluded.
In addition we reserve the right to charge a cancellation fee to cover our costs of Closing Out the position together with a compensating sum calculated by us as being equal to the loss suffered by us in connection with the cancellation together with interest calculated at the Bank of England base rate plus 2% for each day between the Cancellation Event and payment to us.
More Definitions of Closing Out
Closing Out means in relation to any or portion of any Futures or Option Contract, the entering into of another Futures Contract or Option Contract of the same specification and for the same amount but in the opposite position in order to cancel the former contract and/or to crystallise the profit or loss on such former contract and the term "close out" shall be construed accordingly; 「平倉(名詞)」指就任何期貨或期權合約或其任何部份，訂立另一份期貨或期權合約，其細則及金額與原本之合約或其部份相同但持相反倉位，以取消原本之合約或其一部份及/或將原本之合約的利潤或損失兌現，「平倉(動詞)」須據此詮釋；
Closing Out means the process of offsetting existing contracts, which may be used by the clearing house to prevent further losses from positions carried out by an entity which has defaulted;
Closing Out means in relation to any or portion of any contract, the entering into of another contract of the same specification and for the same amount but of an opposite position in order to cancel the former contract and / or to crystallize the profit or loss on the former contract and the term “Close Out” shall be construed accordingly; 「平倉」 指就任何合約或任何合約之部份而言，訂立另一份相同規定及相同金額但屬對盤之合約，以對銷原先之合約及 / 或變現原先合約之利潤或虧損； “On-Line Services” means the on-line internet trading services provided by SGFX to the Client to facilitate the trading by the Client. 「網上服務」 是指SGFX為有助於客戶買賣交易而對客戶提供的網上交易服務。
Closing Out means in relation to any or portion of any contract, the entering into of another contract of the same specification and for the same amount but of an opposite position in order to cancel the former contract and/or to crystallize the profit or loss on such former contract and the term "Close Out" shall be construed accordingly.
Closing Out means in relation to any or portion of any contract, the entering into of another contract of the same specification and for the same amount but of an opposite position in order to cancel the former contract and/or to crystallize the profit or loss on such former contract and the term “close out” shall be construed accordingly; “Commission” means the Securities and Futures Commission or any other body which assumes in whole or in part the powers and functions of the Securities and Futures Commission and has jurisdiction over the Exchange under the Ordinances; “commodities” wherever used herein shall include but not be limited to gold, silver or other physical commodities, monies, foreign currencies, currency options, foreign exchange contracts, index options, index futures contracts, commodity forward or futures contracts, commodity options, currency forward or futures contracts, financial futures and contracts for the future delivery of, or otherwise relating to, commodities, foreign currencies or securities; “Compensation Fund” means the Investor Compensation Fund as provided for in the Securities and Futures Ordinance and the relevant subsidiary legislation; “Exchange” means Hong Kong Futures Exchange Limited; “Exchange Contract” means a contract for a commodity approved by the Commission and the Exchange for trading on a Market and which may result in a F/O Contract; “Exchange Participant” means a person who, in accordance with the Rules of the Exchange, may trade on or through the Exchange and whose name is entered in a list, register or roll kept by the Exchange as a person who may trade on or through the Exchange; “F.O. Business” means the business of dealing in F/O Contracts; “F/O Contract” means a futures contract and/or an options contract effected in a Market (as the case may be); “HKEx” means Hong Kong Exchanges and Clearing Limited; “Hong Kong SAR” means the Hong Kong Special Administrative Region of the People’s Republic of China; “Market” means one of the markets from time to time established and operated by the Exchange pursuant to Rule 201 of the Rules of the Exchange;
Closing Out means in relation to any or portion of any contract, the entering into of another contract of the same specification and for the same amount but of an opposite position in order to cancel the former contract and / or to crystallize the profit or loss on the former contract and the term “Close Out” shall be construed accordingly; 「平倉」 指就任何合約或任何合約之部份而言，訂立另一份相同規定及相同金額但屬對盤之合約，以對銷原先之合約及/ 或變現原先合約之利潤或虧損； “On-Line Services” means the on-line internet trading services provided by SG-GL to the Client to facilitate the trading by the Client. 「網上服務」 是指SG-GL為有助於客戶買賣交易而對客戶提供的網上交易服務。
Closing Out a position means that a participant is executing a trade that is the opposite of the current position in order to eliminate the exposure.