Common use of CONTINUING MARGIN OBLIGATION WHILE CONTRACTS OPEN Clause in Contracts

CONTINUING MARGIN OBLIGATION WHILE CONTRACTS OPEN. In addition to the Initial Margin, you have a continuing obligation in relation to Margin as set out below in respect of all open Contracts on your Account. You have a continuing obligation to us to ensure that at all times during which you have open Contracts, your Total Equity is at least at the Stop Out Level. Margin required by us at all times (the Margin Requirement) for each open Position being calculated as: (Quantity of Contract Units x Contract Price) x Margin Percentage You must pay to us the Margin required by us for all of your open Positions (the Total Margin Requirement). Your Total Equity will be determined by us on an ongoing basis during the day. If there is any shortfall between your Total Equity and the Margin Call Level for all your open Contracts, you are required deposit additional funds into your account so that there is no shortfall. These funds are due and payable to us immediately on your Total Equity falling below the Margin Call Level for all your open Contracts.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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CONTINUING MARGIN OBLIGATION WHILE CONTRACTS OPEN. In addition to the Initial Margin, you have a continuing obligation in relation to Margin as set out below in respect of all open Contracts on your Account. You have a continuing obligation to us to ensure that at all times during which you have open Contracts, your Total Equity is at least at the Stop Out Level. Margin required by us at all times (the Margin Requirement) for each open Position being calculated as: (Quantity of Contract Units x Contract Price) x Margin Percentage You must pay to us the Margin required by us for all of your open Positions (the Total Margin Requirement). Your Total Equity will be determined by us on an ongoing basis during the day. If there is any shortfall between your Total Equity and the Margin Call Level for all your open Contracts, you are required deposit additional funds into your account so that there is no shortfall. These funds are due and payable to us immediately on your Total Equity falling below the Margin Call Level for all your open Contracts. Where this does not occur your open Contracts may be closed.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

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CONTINUING MARGIN OBLIGATION WHILE CONTRACTS OPEN. In addition to the Initial Margin, you have a continuing obligation in relation to Margin as set out below in respect of all open Contracts on your Account. You have a continuing obligation to us to ensure that at all times during which you have open Contracts, your Total Equity is at least at the Stop Out Level. Margin required by us at all times (the Margin Requirement) for each open Position being calculated as: (Quantity of Contract Units x Contract Price) x Margin Percentage You must pay to us the Margin required by us for all of your open Positions (the Total Margin Requirement). Your Total Equity will be determined by us on an ongoing basis during the day. If there is any shortfall between your Total Equity and the Margin Call Level for all your open Contracts, you are required deposit additional funds into your account so that there is no shortfall. These funds are due and payable to us immediately on your Total Equity falling below the Margin Call Level for all your open Contracts.

Appears in 1 contract

Samples: Client Service Agreement

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