Central Counterparty: refers to a company which act as a direct counterparty for every derivatives trading contract, i.e. as a buyer for every seller and as a seller for every buyer.

All Quotes are based upon an Underlying Market that is sourced from either a recognized global exchange or from a wholesale counterparty (a quoting bank or market maker).

3.10. The Client acknowledges and agrees that the derivatives trading order through derivate broker is the trading between the Client and the Central Counterparty who is another party of the Agreement for whom the Company acts as an agent.

4.1. All prices of derivatives are set by the Central Counterparty with reference to current prices from multiple sources considered to be reliable by Central Counterparty for derivatives market.

4.2. The Company has the right, to modify the spread of derivatives in accordance with the Operating Rules of Central Counterparty.

4.3. The Company guarantees that prices and the spread of derivatives set by the Company shall be fair and reasonable.