Long Party definition
Examples of Long Party in a sentence
In other words, it is the same Financial Product, but the opposite direction (i.e. you are the Long Party and the Short Party).
Long Party means in respect of any Contract the party identified in the Confirmation as having notionally bought the Underlying Product.
UOBKH reserves the right to make any further adjustment to the amount credited to the Long Party to take into account any fees imposed by UOBKH and/or exchange rate risks arising from the price of the CFD Underlying Instrument.
E11.1 Where dividend is payable, if the Client is a Long Party, the Account will be credited with an amount equal to the amount UOBKH actually receives from the Hedge Counterparty in respect of any dividend payable to the holder of the CFD Underlying Instrument less any applicable withholding tax obligation imposed on UOBKH (as determined by the Calculation Agent in its sole and absolute discretion) multiplied by the Contract Quantity as soon as practicable following the ex-dividend date.
Long Party – the party identified as having notionally bought the underlying instrument.