Depreciations in value reporting. A firm that holds a Retail Client account that includes positions in leveraged financial instruments or contingent liability transactions must inform the Retail Client, where the initial value of each instrument depreciates by 10 per cent and thereafter at multiples of 10 per cent. The above requirements do not apply in respect of Professional Clients.
Appears in 6 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
Depreciations in value reporting. A firm company that holds a Retail Client retail client account that includes positions in leveraged financial financial instruments or contingent liability transactions must inform the Retail Clientretail client, where the initial value of each instrument depreciates by 10 per cent and thereafter at multiples of 10 per cent. The above no later than the end of the business day in which the threshold is exceeded or, in a case where the threshold is exceeded on a non-business day upon the closure of the next business day. These requirements do not apply in respect of Professional Clientsprofessional client accounts.
Appears in 3 contracts
Samples: CFDS Client Agreement, CFDS Client Agreement, CFDS Client Agreement
Depreciations in value reporting. A firm company that holds a Retail Client retail client account that includes positions in leveraged financial instruments or contingent liability transactions must inform the Retail Clientretail client, where the initial value of each instrument depreciates by 10 per cent and thereafter at multiples of 10 per cent. The above no later than the end of the business day in which the threshold is exceeded or, in a case where the threshold is exceeded on a non-business day upon the closure of the next business day. These requirements do not apply in respect of Professional Clientsprofessional client accounts.
Appears in 1 contract
Samples: CFDS Client Agreement
Depreciations in value reporting. A firm that holds a Retail Client retail client account that includes positions in leveraged financial instruments or contingent liability transactions must inform the Retail Clientretail client, where the initial value of each instrument depreciates by 10 per cent and thereafter at multiples of 10 per cent. The above requirements do not apply in respect of Professional Clientsprofessional clients.
Appears in 1 contract
Samples: Customer Agreement