TRADING TERMS AND CONDITIONS (RULES AND REGULATIONS)

Carefully read through all this Trading Terms and Conditions (Rules and Regulations) for individual opening account at United Global Asset Management (UGAM), this Trading Terms and Conditions is a part of Customer Electronic Trading Agreement, once the Customer(s) agree to this Customers Trading Agreement and logging to the trading platform the Customer(s) is bound to the Customer Trading Agreement and also the Trading Terms and Conditions (Rules and Regulations).

SYMBOL PRODUCT DESCRIPTION UNIT CONTRACT SIZE/LOT MARGIN REQUIREMENT FOR TRADING MARGIN HEDGE PER LOT SWAP CHARGE SWAP
3 TIMES
MARGIN CALL STOP OUT LEVEL TRADING HOURS PENDING ORDER INCL. (SL/TP)
DAILY TRADE
( USD / LOT )
DAILY OVERNIGHT / FRIDAY / USA PUBLIC HOLIDAY
( USD / LOT )
SERVER TIME
( GMT +2 )
GOOD TILL
OIL WTI Crude Oil Spot Price in US Dollar BARRELS 1.000 1.000 2.000 150 BY % WEDNESDAY 100% 10% MONDAY TILL FRIDAY
SUMMER : 01.00 - 23.00
WINTER : 01.00 - 24.00
FRIDAY & USA PUBLIC HOLIDAY
Note :
- OIL contract futures month trading is for two month onward
- When there is any market holiday or any changes to market hours, customers will be notified through the trading platform mailbox

Calculation Illustration

For example : buy 1 lot OIL at $50 and sell at $53.
The transaction size is 1.000 barrels.

Profit / Loss = (Sell price - Buy price) x Contract Size
= ($53 – $50) X 1.000 = $3.000

What is rollover?

In trading, a rollover is the process of keeping a position open beyond its expiry. To switch from the front month contract that is close to expiration to another contract in a further-out month

Example :
  • Customer have open position OIL Buy 2 lot
  • Closing price old contract month is 60.00 - 60.06
  • Closing price new contract month is 60.10 - 60.15

The calculation adjustment for rollover is :
  • Difference between bid old price and bid new price x lot x contract size = 0.10 x 2 x 1.000 » 200
  • Adjustment will give as minus (-), because the new closing price is higher than old closing price and this is giving effect to floating plus more
Example :

Customer have open position OIL Buy 1 lot
Closing price old contract month is 60.00 - 60.06
Closing price new contract month is 60.10 - 60.15

The calculation adjustment for rollover is :
Difference between bid old price and bid new price x lot x contract size = 0.10 x 1 x 1.000 » 100
Adjustment will give as minus (-), because the new closing price is higher than old closing price and
this is giving effect to floating plus more

Example :
Customer have open position OIL Sell 1 lot
Closing price old contract month is 60.00 - 60.06
Closing price new contract month is 60.10 - 60.15

The calculation adjustment for rollover is :
Difference between ask old price and ask new price x lot x contract size = 0.09 x 1 x 1.000 » 90
Adjustment will give as plus (+), because the new closing price is higher than old closing price and this is giving effect to floating minus more