![]() ![]() “ Initial Margin ” in respect of a Transaction, shall be the minimum amount of Margin that Binance may from time to time in their sole discretion determine is required to be deposited in your Futures Account in order to open a leveraged position in respect of that Transaction. “ Insurance Fund ” is as defined in Clause 5.1(d) of this Agreement. “ Futures Trading Services ” means all services relating to Transactions in Futures and access to the use of any Trading Bot, in each case whether provided through the Platform or otherwise. “ Futures Trading Rules ” is as defined in Clause 2.1 of this Agreement. “ Futures Index Transactions ” is as defined in Clause 3.8 of this Agreement. ![]() “ Futures Index ” is as defined in Clause 3.8 of this Agreement. “ Futures Account Information ” is as defined in Clause 9.1 of the Agreement. Each Binance Sub-Account that is enabled for Futures Trading Services will have a separate Futures Account. “ Futures Account” means an account maintained or to be maintained by Binance for you for the purpose of receiving the Futures Trading Services. “ Futures ” means COIN-M Futures, USDS-M Futures or any other futures contracts that Binance may allow at its sole discretion to be traded on the Platform. “ Funding Times ” is as defined in Clause 7.6 of this Agreement. Information as to real-time and historical rates for each type of Perpetual Futures Contract can be found here. “ Funding Rate ” means the rate used to determine the applicable Funding Fees payable in respect of Perpetual Futures Contracts. ![]() “ Funding Fees ” means periodic payments that apply to Perpetual Futures Contracts that are either paid to you or owed by you depending on whether you are holding a long or short position in the relevant Digital Assets and are based on the nominal value of the positions and the applicable Funding Rate Funding Fees are intended to ensure the Perpetual Futures Contract price aligns with the prevailing spot price. “ Digital Assets ” means a digital representation of value or rights which may be transferred and stored electronically, using distributed ledger technology or similar technology, including, but not limited to, cryptocurrencies, stablecoins, non-fungible tokens and tokenised derivatives of any other digital asset. “ Delivery Futures Contracts ” means Coin-M Futures and/or USDS-M Futures with a fixed (quarterly) expiry date. “ Default ” is as defined in Clause 8.1 of this Agreement. “ Confirmation” means written confirmation (including email or other electronic means from which it is possible to produce a hard copy) of the specific terms of a Transaction entered into by you pursuant to the Futures Trading Services. “ COIN-M Futures ” means futures contracts that are quoted, margined and settled in Digital Assets other than stablecoins (in such form as prescribed from time to time by Binance in its sole discretion) and shall not include USDS-M Futures. “ ADL ” is as defined in Clause 5.1(d) of this Agreement. The following definitions are applicable to the terms of this Agreement: Users resident in certain jurisdictions may be onboarded to receive Futures Trading Services from local entities within the Binance group of companies, subject to terms and conditions imposed by the relevant local entity (“ Local Terms ”), in which case such Local Terms shall apply to govern the Futures Trading Services in place of this Agreement.ġ.1. Unless otherwise expressly agreed by Binance in writing, this version of this Agreement shall replace and supersede all previous versions of this Agreement that may have been accepted by you or otherwise made available on the Platform. In the event of any conflict or inconsistency between the terms in this Agreement and the Terms of Use or the terms of this Agreement, the terms in this Agreement shall prevail with respect to the services contemplated hereunder unless expressly stated otherwise. The terms in this Agreement shall be supplemental to and are to be read together with the Terms of Use. For the avoidance of doubt, where a term is defined both in the Terms of Use and in this Agreement, for the purposes of this Agreement only, the definition in this Agreement shall prevail. Your access to and use of the Futures Trading Services shall constitute your agreement to the terms hereof.Īll capitalized terms and references used in this Agreement that are defined and construed in the Binance Terms of Use (the “ Terms of Use ”) but are not defined or construed in this Agreement shall have the same meaning and construction in this Agreement. This Binance Futures Services Agreement (this “ Agreement ”) shall apply to all Futures Accounts opened and maintained with Binance as well as all Futures Trading Services provided by Binance to you (as each term is defined below). ![]()
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