Initial Margin Requirement. AFEX may, in its sole discretion, require Client: (i) to provide Initial Margin in relation to any Forward Contract within twenty-four (24) hours of Client’s instructions to enter into an Forward Contract; and/or (ii) to provide Initial Margin, if not already provided, within one (1) clear Business Day at any time during the term of an Forward Contract.
Initial Margin Requirement. The Client shall commit, without the request of the Financial Institution or after being notified orally or in writing if requested, to provide the Initial Margin Requirement and the guarantees to be deposited at the Financial Institution in order to deal with any transaction and/ or commodity and/or traded currency in the Financial Markets, failing to do so, the Financial Institution will refrain from executing any transaction to the Client who will assume the entire responsibility in this respect. • If the account's balance drops to the maintenance margin level, determined to 75%, the Financial Institution shall call the Client to rebuild the margin, whether orally or in writing. Once notified, the Client shall immediately rebuild the Initial Margin. In case of the Client’s refusal, the Financial Institution will immediately liquidate enough positions, starting with the position with highest losses, as to cover the equivalent of the value that dropped below the required margin. • In case the Client failed to provide the required additional payment allowing him to maintain his open positions, the Financial Institution shall be entitled without referring to the Client, to liquidate such positions at any time without the Client having the right to claim any damages and liability resulting from the liquidation regardless change of prices, whether to the upside or the downside. If the liquidation of the position resulted in a loss exceeding the amount of the deposited guarantee by the Client, the latter shall undertake to bear the deficit and to pay the debit balance to the Financial Institution. • The Client took note of the commissions, the margin maintenance call, the terms of liquidation, the risks of trading with items in not regulated markets as part of the Financial Institution’s commitment to the Central Bank of Lebanon Basic circular 134 and the Capital Markets Authority’s Regulations.
Initial Margin Requirement. Argentex may, in its sole discretion, require the Client:
Initial Margin Requirement. AFEX may, in its sole discretion, require Client: (i) to provide Initial
Initial Margin Requirement. The Client shall commit, without the request of the Financial Institution or after being notified orally or in writing if requested, to provide the Initial Margin Requirement and the guarantees to be deposited at the Financial Institution NAME SIGNATURE DATE in order to deal with any transaction and/or commodity and/or traded currency in the Financial Markets, failing to do so, the Financial Institution will refrain from executing any transaction to the Client who will assume the entire responsibility in this respect. • If the account’s balance drops to the maintenance margin level to 75%, as determined by the CMA, the Financial Institution shall call the Client to maintain his required margin obligations, whether orally or in writing. Once notified, the Client shall immediately take action to meet the margin requirement. In case of the Client’s refusal, the Financial Institution will immediately liquidate enough positions, starting with the position with highest losses, as to cover the equivalent of the value that dropped below the required margin. • In case the Client failed to provide the required additional payment allowing him to maintain his open positions, the Financial Institution shall be entitled without referring to the Client, to liquidate such positions at any time without the Client having the right to claim any damages and liability resulting from the liquidation regardless change of prices, whether to the upside or the downside. If the liquidation of the position resulted in a loss exceeding the amount of the deposited guarantee by the Client, the latter shall undertake to bear the deficit and to pay the debit balance to the Financial Institution. • The Client took note of the commissions, the margin maintenance call, the terms of liquidation, the risks of trading with items in not regulated markets as part of the Financial Institution’s commitment to the Central Bank of Lebanon Basic circular 134 and the Capital Markets Authority’s Regulations.
