Contingent Liability Transactions. Contingent liability transactions which are margined require you to make a series of payments against the purchase price, instead of paying the whole purchase price immediately. You may sustain a total loss of the Margin you deposit with us to establish or maintain an Open Position. In the event the market moves against you, you may be called upon to deposit substantial additional Margin pursuant to Section 11 (Margining Arrangements) at a short notice to maintain the Open Position. If you fail to do so within the time required, your Open Positions may be liquidated without prior notice at a loss and you will be liable for any resulting deficit. Even if the Transaction is not margined, it may still carry an obligation to make further payments in certain circumstances over and above any amount paid when you entered into the Transaction. Contingent liability transactions, which are not traded on or under the rules of a recognised or designated investment exchange, may expose you to substantially greater risk.
Appears in 4 contracts
Samples: Standard Terms of Business, Standard Terms of Business, Standard Terms of Business
