HYCM definition
Examples of HYCM in a sentence
Prices quoted to you by HYCM will include a spread, ▇▇▇▇-up, or ▇▇▇▇-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.
HYCM shall notify the Client of the Liquidation Amount, and by whom it is payable, immediately after the calculation of such amount.
This Agreement may not be amended except by notice in writing or electronic means signed or given by a duly authorised representative of HYCM.
The Company reserves the right to close your account if classified as dormant within HYCM.
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.
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.
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.
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.
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.
Furthermore, HYCM does not make any warranty or guarantee with respect to the Trading Platform and/or its content, including but not limited to, warranties for merchantability or fitness for a particular purpose.