Hedging Disruption. 20.8.1. Notwithstanding anything to the contrary in this Trading Agreement, if CM Trading determines that a Hedging Disruption has occurred, or may occur, including a Hedging Disruption which is a result of any actual or imminent delay, disruption, suspension, or reduction in any payment or settlement in respect of any transaction or asset CM Trading deems necessary to hedge its CFD Transaction price risk, whether such Hedging Disruption arises directly or indirectly from the failure of a hedging counterparty to perform its obligations or otherwise, then you will be liable to CM Trading for any increased costs or expenses resulting from such Hedging Disruption (including any costs of unwinding, establishing or re-establishing a hedge) and CM Trading may upon notification of such costs to you deduct them from your Account or demand payment of such costs directly from you. If you fail to comply fully and by the required time with any such demand, this will constitute an Event of Default.
Appears in 2 contracts
Samples: Service Agreement, Service Agreement
Hedging Disruption. 20.8.1. Notwithstanding anything to the contrary in this Trading Agreement, if CM Trading determines that a Hedging Disruption has occurred, or may occur, including a Hedging Disruption which is a result of any actual or imminent delay, disruption, suspension, or reduction in any payment or settlement in respect of any transaction or asset CM Trading deems necessary to hedge its CFD Transaction price risk, whether such Hedging Disruption arises directly or indirectly from the failure of a hedging counterparty to perform its obligations or otherwise, then you will be liable to CM Trading for any increased costs or expenses resulting from such Hedging Disruption (including any costs of unwinding, establishing or re-re- establishing a hedge) and CM Trading may upon notification of such costs to you deduct them from your Account or demand payment of such costs directly from you. If you fail to comply fully and by the required time with any such demand, this will constitute an Event of Default.
Appears in 1 contract
Samples: Trading Agreement
Hedging Disruption. 20.8.121.8.1. Notwithstanding anything to the contrary in this Trading Agreement, if CM Trading determines that a Hedging Disruption has occurred, or may occur, including a Hedging Disruption which is a result of any actual or imminent delay, disruption, suspension, or reduction in any payment or settlement in respect of any transaction or asset CM Trading deems necessary to hedge its CFD Transaction price risk, whether such Hedging Disruption arises directly or indirectly from the failure of a hedging counterparty to perform its obligations or otherwise, then you will be liable to CM Trading for any increased costs or expenses resulting from such Hedging Disruption (including any costs of unwinding, establishing or re-re- establishing a hedge) and CM Trading may upon notification of such costs to you deduct them from your Account or demand payment of such costs directly from you. If you fail to comply fully and by the required time with any such demand, this will constitute an Event of Default.
Appears in 1 contract
Samples: Trading Agreement
Hedging Disruption. 20.8.118.8.1. Notwithstanding anything to the contrary in this Trading Agreement, if CM Trading CMTrading determines that a Hedging Disruption has occurred, or may occur, including a Hedging Disruption which is a result of any actual or imminent delay, disruption, suspension, or reduction in any payment or settlement in respect of any transaction or asset CM Trading CMTrading deems necessary to hedge its CFD Transaction price risk, whether such Hedging Disruption arises directly or indirectly from the failure of a hedging counterparty to perform its obligations or otherwise, then you will be liable to CM Trading CMTrading for any increased costs or expenses resulting from such Hedging Disruption (including any costs of unwinding, establishing or re-establishing a hedge) and CM Trading CMTrading may upon notification of such costs to you deduct them from your Account or demand payment of such costs directly from you. If you fail to comply fully and by the required time with any such demand, this will constitute an Event of Default.
Appears in 1 contract
Samples: Service Agreement