Common use of ADJUSTMENT OF THE MARGIN Clause in Contracts

ADJUSTMENT OF THE MARGIN. 1. Typically the margin will be adjusted daily according to official end-of-day market prices. 2. Directa reserves the right to modify margins even during the day or stop transactions on margin at its own discretion, for short, long or both. 3. Notice of the margin modification will be posted on the Trading Site and may take place following either: • A request from the Clearing House or the Competent Authorities; or • Directa’s own determination, based on its Professional Judgment. 4. The Customer therefore acknowledges and agrees that where possible, positions will be held adjusting the margins and that, oth- erwise, positions may be closed as per art. 41 below.

ADJUSTMENT OF THE MARGIN. 1. Typically the margin will be adjusted daily according to official end-of-day market prices. 2. Directa reserves the right to modify margins even during the day or stop transactions on margin at its own discretion, for short, long or both. 3. Notice of the margin modification will be posted on the Trading Site and may take place following either: • A a request from the Clearing House or the Competent Authorities; or • Directa’s own determination, based on its Professional Judgment. 4. The Customer therefore acknowledges and agrees that where possible, positions will be held adjusting the margins and that, oth- erwiseotherwise, positions may be closed as per art. 41 below.