Account Size a) We reserve the right to impose a maximum account size that we are willing to allow clients to hold with us. This may be set the same for each of the account types or differently. You may hold more funds in your account than the account limit, but you will not be permitted to utilise those funds that are in excess of the account limit for the purpose of trading.
b) You may be notified of the account size on acceptance of your application for an account, and we reserve the right to change this amount at any time with no prior notice.
c) The account size limit does not affect the statutory protection afforded to you in the aforementioned Financial Services Compensation Scheme. Registered Address: Office 000, Xxx Xxxxxx Xxxxxx Xxxxxx Xxxxx, Xxxxxx X00 0XX| XX Registered in England & Wales, Company Number 07604372 Version 2 – 03rd July 2020: Customer Agreement for Professional and Eligible Counterparty Clients page 13
d) We may choose to set this limit in US dollars, Euros or Sterling and this will be applied to whatever base currency that your account his held.
e) If for any reason your open positions or bets exceed the size that your account size permits due to an error or other reason, we reserve the right, without the obligation, to bring your account back to within its limit by closing some or all of your open positions.
f) Regardless of the maximum account size placed on your account, customers can lose or make substantially more than that amount.
Account Size. The amount of capital committed to the Account for trading (herein, “Nominal Account Size”) will be initially $[*], comprised of actual funds of $[*] and notional funds of $[*]. Thereafter, the Account’s “Nominal Account Size” shall mean the amount of capital committed to the Account for trading and will include all cash and cash equivalents, accrued interest, notional funds, if any, and the market value of all open positions less any costs or expenses that would be payable with respect to the closing of each open Commodity Interest position including, but not limited to, any brokerage commissions, exchange, NFA, give-up fees and storage, demurrage and insurance costs (herein, collectively “Transaction Costs”). The market value of an open Commodity Interest position will be determined in accordance with Section 4B below. The Nominal Account Size will be the amount used to determine positions held by the Account. The Client will give Blackwater at least fifteen (15) days prior notice of all withdrawals and additions to the Account, including any change in the Account’s notional funds, and will try to make all such additions, withdrawals and changes as of the last day of a month. The Client will not (i) make a partial withdrawal if the withdrawal reduces the Nominal Account Size to less than $[*] or (ii) withdraw actual and/or notional funds in different proportions without the consent of Blackwater.
Account Size. List Disc. 1
Account Size. The capital committed by the Client to the Account (herein, “Account Size”) will be initially as set forth in the Schedule of Fees, which is attached as Schedule II. The Account Size shall include all cash and cash equivalents, accrued interest and the market value of all open positions less any costs or expenses that would be payable with respect to the closing of each open securities position including, but not limited to, any brokerage commissions, exchange, give-up fees and storage, demurrage and insurance costs (herein, collectively “Transaction Costs”).
