Common use of IB UK Will Not Issue Margin Calls Clause in Contracts

IB UK Will Not Issue Margin Calls. IB UK DOES NOT HAVE TO NOTIFY CUSTOMER OF ANY FAILURE TO MEET MARGIN REQUIREMENTS PRIOR TO IB UK AND/OR ITS AFFILIATES EXERCISING ITS RIGHTS UNDER THIS AGREEMENT. CUSTOMER ACKNOWLEDGES THAT IB UK GENERALLY WILL NOT ISSUE MARGIN CALLS; GENERALLY WILL NOT CREDIT CUSTOMER'S ACCOUNT TO MEET INTRADAY OR OVERNIGHT MARGIN DEFICIENCIES; AND IS AUTHORIZED TO LIQUIDATE ACCOUNT POSITIONS IN ORDER TO SATISFY MARGIN REQUIREMENTS WITHOUT PRIOR NOTICE.

Appears in 5 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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