Examples of HYCM in a sentence
Prices quoted to you by HYCM will include a spread, xxxx-up, or xxxx-down when compared to prices that HYCM may receive or expect to receive if it were to cover your transactions with, for example, a trade in the forex interbank market.
Any Liquidation Amount not paid on the due date shall be treated as an unpaid amount and bear interest, at the rate as reasonably determined by HYCM to be the cost of funding such overdue amount.
Where termination and liquidation occur in accordance with Clause 16.3, HYCM shall also be entitled, at its discretion, to terminate and liquidate, in accordance with the provisions of Clause 16.3, any other Transactions entered into between HYCM and the Client which are then outstanding.
If the Liquidation Amount determined pursuant to Clause 16.3 is a positive amount, the Client shall pay it to HYCM and if it is a negative amount, HYCM shall pay it to the Client.
Therefore, trading in these Financial Instruments are appropriate only for persons who (a) understand and are willing to assume the economic, legal and other risks involved in such transactions, and (b) are financially able to withstand losses significantly in excess of their initial margin funds and any additional funds transferred to HYCM to maintain their positions.
This Clause 16 applies to each Transaction entered into or outstanding between HYCM and the Client on or after the date this Agreement takes effect.
Your potential losses, which depend on movements in the price of the underlying instrument, can exceed any deposit, margin or other amount you have paid to HYCM.
For the purposes of any calculation hereunder, HYCM may convert amounts denominated in any other Currency into the Base Currency at such rate prevailing at the time of the calculation as HYCM shall reasonably select.
Unless a Liquidation Date has occurred or has been effectively set, HYCM shall not be obliged to make any payment or delivery scheduled to be made by HYCM under any Transaction for as long as an Event of Default with respect to the Client has occurred and is continuing.
HYCM shall notify the Client of the Liquidation Amount, and by whom it is payable, immediately after the calculation of such amount.