IBUK will not Issue Margin Calls Sample Clauses

IBUK will not Issue Margin Calls. IBUK is not obligated to notify the Client of any failure to meet Margin Requirements prior to IBUK exercising its rights under this Agreement, including but not limited to its right to liquidate positions in the Client's account(s). Unlike the practice of some other brokers and dealers who allow intraday or overnight or multi-day "grace periods" for margin compliance, the Client acknowledges that IBUK generally will not issue margin calls; generally, will not allow a grace period in the Client's account for the Client to meet intraday or other margin deficiencies. XXXX is authorised to liquidate account positions immediately in order to satisfy Margin Requirements without prior notice. The Client will not rely on IBUK to close or liquidate positions in Client's account in the event Client's account does not comply with Margin Requirements. The Client will not rely on IBUK's liquidation rights and auto-liquidation systems to function as a stop-loss order. The Client cannot assume that XXXX's general policy to liquidate positions will prevent the Client from losing more than the Client has deposited. Among other things, market prices may not rise or fall incrementally and IBUK may not be able to close out a position at a price that would avoid losses greater than the margin deposit. Likewise, IBUK may in its discretion delay or decide not to liquidate positions in an account with a margin deficit and shall have no liability for any loss sustained by the Client in connection with such delay of or forbearance from liquidation. The Client acknowledges and agrees that Xxxxxx Requirements and related rules of exchanges, clearing houses and regulators generally are designed to protect the integrity of markets and the capital of broker- dealers that are subject to such rules and are not generally intended to protect the Client. XXXX's failure to apply or enforce Margin Requirements and related rules shall not give the Client any right to bring an action against IBUK and nothing in this Agreement constitutes a warranty or undertaking that IBUK will apply or enforce the Margin Requirements and related rules.
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