Liquidating Guarantees/Collaterals and Requesting Additional Guarantees/Collaterals Sample Clauses

Liquidating Guarantees/Collaterals and Requesting Additional Guarantees/Collaterals. In the event that the Investor’s Accounts at Finveo is deficient for any reason, Finveo reserves the right to notify the Investor via the fastest communication method that is deemed appropriate and to request to pay the deficient balance. In case the investor fails to pay this deficit balance within 2 (two) business days following the notification, Finveo may sell the relevant Financial Assets of the Investor with the purpose to collect its receivables and to settle this deficient balance and appropriate the amount collected against the default debt of the Investor in accordance with the provisions of legislation and based on the rights of Finveo to exercise lien, transfer, clearing, retention and appropriation on all types of securities of the Investor without obtaining any further buy/ sell order from the Investor and without notifying the Investor or applying for legal proceedings. In such a case, all damages that may be incurred due to the said sales transaction shall be covered separately by the Investor. In case the collaterals/guarantees received in exchange for the transactions carried out by the Investor is insufficient or when the Initial Margin and Maintenance Margin rates for the transactions to be carried out by the Investor are required to be changed, Finveo always reserves the right to demand additional guarantee/collateral. The Investor is obliged to provide/deposit this additional collateral/guarantee requested. In case the Investor fails to provide/deposit this additional collateral/guarantee requested, Finveo may meet the additional collateral/guarantee deficit by selling and/or freezing the Financial Assets of the Investor at Finveo without obtaining any further buy/sell order from the Investor and without notifying the Investor or applying for legal proceedings. In case the Investor fails to provide additional collateral, Finveo has the right to refuse the transactions of the Investor and/or to close positions that are not due.
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Related to Liquidating Guarantees/Collaterals and Requesting Additional Guarantees/Collaterals

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