Common use of CLOSURE OF POSITIONS Clause in Contracts

CLOSURE OF POSITIONS. 7.1. The Company has the right to close Client's open positions compulsorily without notice if the account current Margin Level is less than 100% of the margin necessary for maintaining open positions (Margin Call). 7.2. The Company is unconditionally obliged to start closing unprofitable transactions on condition that account Margin Level becomes lower than the margin necessary for maintaining open positions (Stop Out). The necessary margin level is indicated on the Company's site in the section “Types of trading accounts”. 7.3. Account current state is monitored by the Server that generates an order to close a position compulsorily (Stop out) if the condition 7.2 is satisfied. Stop Out is performed at the market current price in the order that Clients' requests arrived. A compulsory closure of a position is attended by the corresponding commentary “stop out” in the Server’s log file. 7.4. In the presence of several open positions, the one with the biggest floating losses will be closed the first. 7.5. In exceptional circumstances, the Company has the right to compensate for a negative balance in the Client’s account using the Client’s funds held in any other trading accounts of the Client, and also by rejecting money withdrawal requests and returning funds to the Client's accounts. 7.6. The Client is obliged to personally monitor the state of his/her trading account and top it up at his/her discretion if necessary in order to avoid the closure of transactions following Margin Call and Stop Out. The Company is not liable for the closure of transactions following Stop Out if the Client is not able to make a deposit in his/her account timely for any reason. If automatic deposit of an account is found impossible, the Client can contact the Company’s employee.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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CLOSURE OF POSITIONS. 7.1. The Company has the right to close Client's open positions compulsorily without notice if the account current Margin Level is less than 100% of the margin necessary for maintaining open positions (Margin Call). 7.2. The Company is unconditionally obliged to start closing unprofitable transactions on condition that account Margin Level becomes lower than the margin necessary for maintaining open positions (Stop Out). The necessary margin level is indicated on the Company's site in the section “Types of trading accounts”. 7.3. Account current state is monitored by the Server that generates an order to close a position compulsorily (Stop out) if the condition 7.2 is satisfied. Stop Out is performed at the market current price in the order that Clients' requests arrived. A compulsory closure of a position is attended by the corresponding commentary “stop out” in the Server’s log file. 7.4. In the presence of several open positions, the one with the biggest floating losses will be closed the first. 7.5. In exceptional circumstances, cases the Company has the right to compensate for a negative balance in the Client’s account using funds deposited in the Client’s funds held in any other trading accounts of the Client, and also by rejecting money withdrawal requests and returning funds to the Client's accountsanother account. 7.6. The Client is obliged to personally monitor the state of his/her trading account and top it up at his/her discretion if necessary in order to avoid the closure of transactions following Margin Call and Stop Out. The Company is not liable for the closure of transactions following Stop Out if the Client is not able to make a deposit in his/her account timely for any reason. If automatic deposit of an account is found impossible, the Client can contact the Company’s employee.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

CLOSURE OF POSITIONS. 7.16.1. The Company has the right to close Client's open positions compulsorily without notice if the account current Margin Level is less than 100% of the margin necessary for maintaining open positions (Margin Call). 7.26.2. The Company is unconditionally obliged to start closing unprofitable transactions on condition that account Margin Level becomes lower than the margin necessary for maintaining open positions (Stop Out). The necessary margin level is indicated on the Company's site in the section “Types of trading accounts”. 7.36.3. Account current state is monitored by the Server that generates an order to close a position compulsorily (Stop out) if the condition 7.2 is satisfied. Stop Out is performed at the market current price in the order that Clients' requests arrived. A compulsory closure of a position is attended by the corresponding commentary “stop out” in the Server’s log file. 7.46.4. In the presence of several open positions, the one with the biggest floating losses will be closed the first. 7.56.5. In exceptional circumstances, cases the Company has the right to compensate for a negative balance in the Client’s account using funds deposited in the Client’s funds held in any other trading accounts of the Client, and also by rejecting money withdrawal requests and returning funds to the Client's accountsanother account. 7.66.6. The Client is obliged to personally monitor the state of his/her trading account and top it up at his/her discretion if necessary in order to avoid the closure of transactions following Margin Call and Stop Out. The Company is not liable for the closure of transactions following Stop Out if the Client is not able to make a deposit in his/her account timely for any reason. If automatic deposit of an account is found impossible, the Client can contact the Company’s employee.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

CLOSURE OF POSITIONS. 7.1. The Company has the right to close Client's open positions compulsorily without notice if the account current Margin Level is less than 100% of the margin necessary for maintaining open positions (Margin Call). 7.2. The Company is unconditionally obliged to start closing unprofitable transactions on condition that account Margin Level becomes lower than the margin necessary for maintaining open positions (Stop Out). The necessary margin level is indicated on the Company's site in the section thesection “Types of trading accounts”. 7.3. Account current state is monitored by the Server that generates an order to close a position compulsorily (Stop out) if the condition 7.2 is satisfied. Stop Out is performed at the market current price in the order that Clients' requests arrived. A compulsory closure of a position is attended by the corresponding commentary “stop out” in the Server’s log file. 7.4. In the presence of several open positions, the one with the biggest floating losses will be closed the first. 7.5. In exceptional circumstances, cases the Company has the right to compensate for a negative balance in the Client’s account using funds deposited in the Client’s funds held in any other trading accounts of the Client, and also by rejecting money withdrawal requests and returning funds to the Client's accountsanother account. 7.6. The Client is obliged to personally monitor the state of his/her trading account and top it up at his/her discretion if necessary in order to avoid the closure of transactions following Margin Call and Stop Out. The Company is not liable for the closure of transactions following Stop Out if the Client is not able to make a deposit in his/her account timely for any reason. If automatic deposit of an account is found impossible, the Client can contact the Company’s employee.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

CLOSURE OF POSITIONS. 7.16.1. The Company has the right to close Client's open positions compulsorily without notice a preliminary notification of the latter if the account current Margin Level is less than 100% of the margin necessary for maintaining open positions (Margin Call). 7.26.2. The Company is unconditionally obliged to start closing unprofitable transactions on condition conditions that account Margin Level becomes lower than the margin necessary for maintaining open positions (Stop Out). The necessary margin level is indicated on at the Company's site in the section “Types of trading accounts”. 7.36.3. Account current state is monitored by the Server server that generates an order to close a position compulsorily (Stop out) if the condition 7.2 6.2 is satisfied. Stop Out out is performed at the market current price in the order that Clients' requests arrived. A compulsory closure of a position is attended by the corresponding commentary “stop out” in the Server’s log filelog-file of the server. 7.46.4. In the presence of several open positions, the one with the biggest floating losses will be closed the first. 7.56.5. In exceptional circumstances, cases the Company has the right to compensate for a negative balance in the Client’s account using the Client’s funds held deposited in any other trading accounts another account of the Client, and also by rejecting money withdrawal requests and returning funds to the Client's accounts. 7.66.6. The Client is obliged to personally monitor the state of his/her his trading account and top deposit in it up at his/her his discretion if necessary in case of need in order to avoid the closure of transactions following Margin Call and Stop Out. The Company is not liable for the closure of transactions following Stop Out if the Client is not able to make a deposit in his/her his account timely for any reason. If automatic deposit of an account is found impossible, the The Client can may contact the Company’s employee.

Appears in 1 contract

Samples: Agreement on Quoting System and Transactions Procedure

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CLOSURE OF POSITIONS. 7.1. The Company has the right to close Client's open positions compulsorily without notice if the account current Margin Level is less than 100% of the margin necessary for maintaining open positions (Margin Call). 7.2. The Company is unconditionally obliged to start closing unprofitable transactions on condition that account Margin Level becomes lower than the margin necessary for maintaining open positions (Stop Out). The necessary margin level is indicated on the Company's site in the section “Types of trading accounts”. 7.3. Account current state is monitored by the Server that generates an order to close a position compulsorily (Stop out) if the condition 7.2 is satisfied. Stop Out is performed at the market current price in the order that Clients' requests arrived. A compulsory closure of a position is attended by the corresponding commentary “stop out” in the Server’s log file. 7.4. In the presence of several open positions, the one with the biggest floating losses will be closed the first. 7.5. In exceptional circumstances, cases the Company has the right to compensate for a negative balance in the Client’s account using funds deposited in the Client’s funds held in any other trading accounts of the Client, and also by rejecting money withdrawal requests and returning funds to the Client's accountsanother account. 7.6. The Client is obliged to personally monitor the state of his/her trading account and top andtop it up at his/her discretion if necessary in order to avoid the closure of transactions following Margin Call and Stop Out. The Company is not liable for the closure of transactions following Stop Out if the Client is not able to make a deposit in his/her account timely for any reason. If automatic deposit of an account is found impossible, the Client can contact the Company’s employee.

Appears in 1 contract

Samples: Client Agreement

CLOSURE OF POSITIONS. 7.1. The Company has the right to close Client's open positions compulsorily without notice if the account current Margin Level is less than 100% of the margin necessary for maintaining open positions (Margin Call). 7.2. The Company is unconditionally obliged to start closing unprofitable transactions on condition that account Margin Level becomes lower than the margin necessary for maintaining open positions (Stop Out). The necessary margin level is indicated on the Company's site in the section “Types of trading accounts”. 7.3. Account current state is monitored by the Server that generates an order to close a position compulsorily (Stop out) if the condition 7.2 is satisfied. Stop Out is performed at the market current price in the order that Clients' requests arrived. A compulsory closure of a position is attended by the corresponding commentary “stop out” in the Server’s log file. 7.47.3.1. In the presence of several If an MT4 Trading account has a few open positionspositions with floating loss, they are closed simultaneously. 7.3.2. If an MT5 Trading account has a few open positions with floating loss, the one with position showing the biggest highest floating losses loss will be closed the first. 7.57.4. In exceptional circumstances, the Company has the right to compensate for a negative balance in the Client’s account using the Client’s funds held in any other trading accounts of the Client, and also by rejecting money withdrawal requests and returning funds to the Client's accounts. 7.67.5. The Client is obliged to personally monitor the state of his/her trading account and top it up at his/her discretion if necessary in order to avoid the closure of transactions following Margin Call and Stop Out. The Company is not liable for the closure of transactions following Stop Out if the Client is not able to make a deposit in his/her account timely for any reason. If automatic deposit of an account is found impossible, the Client can contact the Company’s employee.

Appears in 1 contract

Samples: Client Agreement

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