Short FX Contracts Sample Clauses

Short FX Contracts. If you are short on a FX Contract where the sold currency interest rates are higher than the bought currency interest rates you will pay interest at the AxiCorp Swap Rate if you hold the Position overnight and do not close it before the settlement time. This is because you are holding the lower yielding currency. On the other hand, if you are short on a FX Contract where the sold currency interest rates are lower than the bought currency interest rates then you will receive interest at the AxiCorp Swap Rate if you hold the Position overnight and do not close it before the settlement time. This is because you are holding the higher yielding currency.
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