Close Out of Positions. 5.1 You may at any time give Admiral notice of your request to have all or any of your Open Positions Closed Out via the Trading Platform. (Placing an Order which is opposite your Open Position will not be sufficient to Close Out.) Admiral will as soon as reasonably practical Close Out the Open Positions which you have selected to Close by making a matching and opposite Transaction for each Open Position. Without limiting Admiral’s discretion this may occur as soon as practicable after the later of: receipt from you of such notice; and any time and date specified in such notice at which you request the Close Out to occur, Admiral will use its bestendeavours to achieve such Close Out.
5.2 The difference (if any) between the Contract Values of the matching Transactions if positive, will be a “Realised Profit” and, if negative, will be a “Realised Loss”.
5.3 You acknowledge that if you give Admiral standing instructions via the Trading Platform to enter into a Transaction when a particular price or index level is reached, the actual price at which the Transaction is entered into might not be that exact price or be based on that exact level.
5.4 If the issuer whose financial product represents the Underlying Reference Instrument on which all or part of an Equity Derivative is based becomes externally administered in accordance with the meaning in the Corporations Act (or equivalent legislation), the Equity Derivative will be taken to have been Closed at that time. The Current Market Price of the Equity Derivative will be determined by Admiral who may consider a number of factors it deems appropriate including, for example, the last traded price of the Underlying Reference Instrument.
5.5 If the Underlying Reference Instrument on which the Equity Derivative or Indices is based ceases to be listed for quotation on an Exchange or be published, or for three (3) consecutive Business Days is suspended from quotation, Admiral may, in its absolute discretion, without limiting its other rights, terminate the relevant Equity Derivative or Indices. If Admiral elects to do so then: the Closing Date will be deemed to be the date which Admiral determines; and you will be treated as having given notice requesting those Open Positions be Closed Out.
5.6 If Admiral determines that the Contract Value of an Equity Derivative or Indices cannot be calculated on or with effect on the Closing Date for any reason, the Contract Value will be the value determined by Admiral in its sole...
Close Out of Positions. At any time, with or without notice to the Client, and in addition to any other rights MTC may have under this Agreement, MTC may choose to close out or limit the size of a Client’s open position(s) (net or gross) if any of the following circumstances occur:
(a) MTC reasonably consider there are abnormal market or trading conditions; or
(b) MTC are unable to quote prices in the relevant market due to lack of market information (for whatever reason); or
(c) MTC consider that a Client may be in breach of a relevant regulation or law or be privy to “inside information” within the meaning of various globally recognized Securities Markets Acts; or
(d) A Client has failed to provide any margin, deposit or other sum due under this Agreement in respect of any Contract or such margin amounts or Collateral fall below our margin requirements; or
(e) The combined size of all the Client’s orders and/or all other orders for a Contract exceeds MTC’s Normal Trading Size; or
(f) Where a Contract is withdrawn from MTC’s Product Schedule; or
(g) MTC are requested to close out or limit a Client’s position by any of MTC’s Securities Commission or other regulatory body; or
(h) MTC exercises our rights under Clause 26.1 of these General Terms and Conditions.
(i) MTC determines that the client is conducting unethical, or predatory trading practices which may cause problems with their Prime Brokers or Liquidity Providers.
Close Out of Positions. At any time, with or without notice to the Client, and in addition to any other rights SMFX may have under this Agreement, SMFX may choose to close out or limit the size of a Client’s open position(s) (net or gross) if any of the following circumstances occur:
a) SMFX reasonably consider there are abnormal market or trading conditions; or
b) SMFX are unable to quote prices in the relevant market due to lack of market information (for whatever reason) or
c) SMFX consider that a Client may be in breach of a relevant regulation or law; or
d) A Client has failed to provide any margin, deposit or other sum due under this Agreement in respect of any Contract or such margin amounts or Collateral fall below our margin requirements; or
e) The combined size of all the Client’s orders and/or all other orders for a Contract exceeds SMFX Normal Trading Size; or
f) Where a Contract is withdrawn from SMFX Product Schedule; or
g) SMFX are requested to close out or limit a Client’s position by an authorised regulatory agency; or
h) SMFX exercises our rights under Clause 26.1 of these General Terms and Conditions.
Close Out of Positions. IF WE CEASE TO TRADE
a. You agree to close out all open positions in relation to the Margin FX contract or CFD by the date specified in the notice and we will close out any remaining open positions on the date specified in the notice with effect f rom the close of trading on the day.
b. If we exercise our right to close out your remaining positions under the preceding Clause, we will close out those open positions at the closing price for the contract except where your open positions are outside the Normal Trading Size, in which case we will close those positions at a reasonable price determined by us in accordance with market practice, but at our absolute discretion.
Close Out of Positions. (a) Unless you have given a notice under clause 25, you may at any time give KITCO MARKETS LLC notice of your request to have all or any of its Positions Closed Out. Following receipt of such a notice KITCO MARKETS LLC may at a time it chooses in its absolute discretion, enter into a matching and opposite Position on your behalf. Without limiting its discretion KITCO MARKETS LLC acknowledges that this may occur as soon as practicable after the later of:
(i) receipt from you of such notice; and
(ii) any time and date specified in such notice at which you request the Close Out to occur, KITCO MARKETS LLC will use its best endeavours to achieve such Close Out at the Market Rate for delivery on the later of the Value Date of the original Position and the Spot Date in respect of the matching Position.
(b) The difference (if any) between the amount of the Bought Currency under the matching Position and the amount of the Sold Currency under the original Position if positive, will be a “Realised Profit” and, if negative, will be a “Realised Loss”.
(c) The Closing Out of a Position in accordance with the FX Terms this will constitute a complete discharge of all obligations of KITCO MARKETS LLC and you will give or take delivery of any currency under that Position and has the effect of immediately cancelling the Position so that the only obligations that continue in respect of the Position are those provided for under the FX Terms.
(d) You acknowledge that if you give KITCO MARKETS LLC standing instructions to enter into a Position when a particular price level is reached in the Foreign Exchange market the price at which the Position is entered into might not be that exact price.
Close Out of Positions. At any time, with or without notice to the Client, and in addition to any other rights ATHERFX LLC may have under this Agreement, ATHERFX LLC may choose to close out or limit the size of a Client’s open position(s) (net or gross) if any of the following circumstances occur:
a) ATHERFX LLC reasonably consider there are abnormal market or trading conditions; or
b) ATHERFX LLC are unable to quote prices in the relevant market due to lack of market information (for whatever reason) or
c) ATHERFX LLC consider that a Client may be in breach of a relevant regulation or law; or
d) A Client has failed to provide any margin, deposit, or another sum due under this Agreement in respect of any Contract or such margin amounts or Collateral fall below our margin requirements; or
e) The combined size of all the Client’s orders and/or all other orders for a Contract exceeds ATHERFX LLC Normal Trading Size; or
f) Where a Contract is withdrawn from ATHERFX LLC Product Schedule; or
g) ATHERFX LLC are requested to close out or limit a Client’s position by any authorized regulatory agency; or
h) ATHERFX LLC exercises our rights under Clause 26.1 of these General Terms and Conditions.
Close Out of Positions. At any time, with or without notice to the Client, and in addition to any other rights LCM may have under this Agreement, LCM may choose to close out or limit the size of a Client‟s open position(s) (net or gross) if any of the following circumstances occur:
(a) LCM reasonably consider there are abnormal market or trading conditions; or
(b) LCM are unable to quote prices in the relevant market due to lack of market information (for whatever reason) or
(c) LCM consider that a Client may be in breach of a relevant regulation or law; or
(d) A Client has failed to provide any margin, deposit or other sum due under this Agreement in respect of any Contract or such margin amounts or Collateral fall below our margin requirements; or
(e) The combined size of all the Client‟s orders and/or all other orders for a Contract exceeds LCM‟s Normal Trading Size; or
(f) Where a Contract is withdrawn from LCM‟s Product Schedule; or
(g) LCM are requested to close out or limit a Client‟s position by an authorised regulatory agency; or
(h) LCM exercises our rights under Clause 26.1 of these General Terms and Conditions.
Close Out of Positions. At any time, with or without notice to the Client, and in addition to any other rights SPFX may have under this Agreement, SPFX may choose to close out or limit the size of a Client’s open position(s) (net or gross) if any of the following circumstances occur:
a) SPFX reasonably consider there are abnormal market or trading conditions; or
b) SPFX are unable to quote prices in the relevant market due to lack of market information (for whatever reason) or
c) SPFX consider that a Client may be in breach of a relevant regulation or law; or
d) A Client has failed to provide any margin, deposit or other sum due under this Agreement in respect of any Contract or such margin amounts or Collateral fall below our margin requirements; or
e) The combined size of all the Client’s orders and/or all other orders for a Contract exceeds SPFX Normal Trading Size; or
f) Where a Contract is withdrawn from SPFX Product Schedule; or
g) SPFX are requested to close out or limit a Client’s position by an authorised regulatory agency; or
h) SPFX exercises our rights under Clause 26.1 of these General Terms and Conditions.
Close Out of Positions. (a) Your open Positions may be Closed Out at your request or by us in certain circumstances.
(b) You may Close Out Positions by submitting Orders through our Trading Platform that would trigger a Close Out.
(c) We may Close Out Positions in the following circumstances:
(i) where your Margin Level is less than or equal to 15% of the required Margin to support your open Positions; ;
(ii) after 5 business days of being in beach of your Margin Requirements;
(iii) where we have reason to suspect any illegal activity, including manipulative trading as described in clause 4.7, on or in connection with your Trading Account; or
(iv) during a force majeure event as described in clause 20, adverse market conditions, or suspensions or trading halts in the Underlying Instrument.
(d) When a Position is Closed Out, your Margin Requirements will automatically be adjusted to reflect this change.
Close Out of Positions. At any time, with or without notice to the Client, and in addition to any other rights Lucror may have under this Agreement, Lucror may choose to close out or limit the size of a Client’s open position(s) (net or gross) if any of the following circumstances occur:
(a) Lucror reasonably consider there are abnormal market or trading conditions; or
(b) Lucror are unable to quote prices in the relevant market due to lack of market information (for whatever reason) or
(c) Lucror consider that a Client may be in breach of a relevant regulation or law; or
(d) A Client has failed to provide any margin, deposit or other sum due under this Agreement in respect of any Contract or such margin amounts or Collateral fall below our margin requirements; or
(e) The combined size of all the Client’s orders and/or all other orders for a Contract exceeds Lucror’s Normal Trading Size; or
(f) Where a Contract is withdrawn from Lucror’s Product Schedule; or
(g) Lucror are requested to close out or limit a Client’s position by an authorised regulatory agency; or
(h) Lucror exercises our rights under Clause 26.1 of these General Terms and Conditions.
