DEPOSITS AND MARGIN Sample Clauses
The "Deposits and Margin" clause establishes the requirements for parties to provide upfront funds or collateral to secure their obligations under an agreement. Typically, this clause outlines how much must be deposited, the acceptable forms of margin (such as cash or securities), and the conditions under which these funds may be increased, decreased, or returned. Its core function is to mitigate credit risk by ensuring that each party has a financial stake in the contract, thereby protecting against potential default or non-performance.
DEPOSITS AND MARGIN. 13.1. You agree and acknowledge to us that:
a) Place a Trade requires you to deposit Cleared Funds. The amount required by Place a Trade and the time at which it is required will be at the absolute discretion of Place a Trade;
b) Place a Trade reserves the right to, whenever it deems appropriate, raise or lower Margin requirements, which may apply to existing Positions as well as to new Positions. You will comply with and meet all such calls in accordance with this Client Agreement by depositing in Cleared Funds the sum requested within the time specified by Place a Trade. Place a Trade may determine the amount and time in its absolute discretion. Should Place a Trade require that you deposit additional funds because of a Margin Call, you must pay the amount called by Place a Trade immediately upon being given notice by Place a Trade. In all respects, time will be of the essence for all your payment obligations;
c) Should Your Trading Account be on Margin Call, you acknowledge and agree that Place a Trade may refuse any request by you to enter into any further Positions until Place a Trade has confirmed the receipt of the Margin Call amount in the form of Cleared Funds;
d) Any exercise by Place a Trade of any power or right under this clause, including, without limitation, the calling of Margin, will be binding on you;
e) Margin Calls will be notified via the Trading Platform, and you are required to log in to the system regularly when you have open Positions to ensure you receive notification of any such Margin Calls. It is your sole responsibility to monitor and manage your open Positions and exposures, and ensure that Margin Calls are met as required;
f) Where you have not checked the Trading Platform for Margin Call notifications, and so have not met them in a timely manner, all margined Positions will be closed out by Place a Trade, without further reference to you;
g) Liability for a deposit or Margin arises at the time it is executed, irrespective of the time at which any call is made, and such liability is not limited to the amount, if any, deposited with Place a Trade;
h) A Margin Call will not be considered to have been met unless and until Cleared Funds have been received by Place a Trade in the nominated account (generally around 10AM on the following Business Day, but may vary according to the funding method used);
i) Should you fail to meet a Margin Call, Place a Trade may, without prejudice to any other rights or powers under this Client Agr...
DEPOSITS AND MARGIN. The Client agrees and acknowledges that:
(a) it is the responsibility of the Client to maintain, monitor and to meet all Margin requirements, whether or not Halifax makes a Margin call to the Client and in particular the Client must comply with any Margin requirements for any Transactions by Electronic Trading Services whether or not any notice of margin calls is given by Halifax;
(b) credit for payment for Margin requirements will not be given until received in cleared funds and processed by Halifax or its agents or service providers, which can be delayed for reasons outside the control or liability of Halifax, including by delays in processing payments outside of banking hours or trading hours on the relevant exchange or due to converting currencies;
(c) Halifax may call the Client for a deposit or Margin and such calls may be for the payment of money, or if Halifax agrees, the lodgement of property in lieu of money, in such amount as determined by Halifax in its sole discretion, decides is prudent to help secure the Client’s obligations;
(d) the Client must comply with and meet all Margin requirements, whether or not called by Halifax, by paying the necessary sum or lodging the necessary property agreed within the time specified by the terms of trading or use of an Electronic Trading Services or otherwise, before 2:00pm on the next Business Day;
(e) Halifax may, in its discretion, request the Client to make all Margin and deposit payments with respect to any Transactions directly to Halifax’s agents, counterparties or service providers contracting with Halifax and Halifax agrees that any payments made by the Client to such person pursuant to such a request will satisfy the Client’s obligation to make payments to Halifax;
(f) liability for a deposit or Margin arises at the time the Transaction is executed irrespective of the time at which any call is made (if any), and such liability is not limited to the amount, if any, deposited with Halifax;
(g) Halifax reserves the right whenever it deems appropriate to raise or lower the Margin or deposit requirements, which may apply to existing positions as well as to new positions; and
(h) the Client remains personally responsible to pay any deficit owing to Halifax after Transaction is Close Out, and if the Client defaults or refuses such payment, Halifax may apply the cash or proceeds of disposal of any assets held by Halifax for the Client against that deficit and the Client remains liable to pay the remaining...
DEPOSITS AND MARGIN. 13.1. You agree and acknowledge that:
(a) GGCC requires you to deposit margin Funds. The amount required by GGCC and the time at which it is required will be at the absolute discretion of GGCC;