Common use of Maintenance of Margin Clause in Contracts

Maintenance of Margin. You agree to maintain such positions and margin as required by this agreement, rules and regulations, and any additional requirements as may be deemed necessary by Capital Markets Elite Group (UK) Limited which additional requirements may be more stringent than those required by law or exchange regulations. Such laws, rules, regulations, and additional requirements may be changed or modified without prior notice to you. If the securities held in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, Capital Markets Group can take any action it deems necessary, such as issue a margin call and/or sell securities in any of your accounts held with Capital Markets Elite Group (UK) Limited in order to maintain the required equity in the account. You acknowledge that there is no requirement of Capital Markets Elite Group (UK) Limited to provide notice to you of a margin deficiency. It is important that you fully understand the risks involved in trading securities on margin and that you promptly satisfy all margin and maintenance calls. If you do not meet a margin call, Capital Markets Elite Group (UK) Limited may liquidate securities in the account and apply cash from the account to the extent necessary to satisfy the call.

Appears in 3 contracts

Samples: Margin Agreement, Margin Agreement, Retail Client Agreement

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Maintenance of Margin. You agree to maintain such positions and margin as required by this agreement, rules and regulations, and any additional requirements as may be deemed necessary by Capital Markets Elite Group (UKCayman) Limited which additional requirements may be more stringent than those required by law or exchange regulations. Such laws, rules, regulations, and additional requirements may be changed or modified without prior notice to you. If the securities held in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, Capital Markets Group can take any action it deems necessary, such as issue a margin call and/or sell securities in any of your accounts held with Capital Markets Elite Group (UKCayman) Limited in order to maintain the required equity in the account. You acknowledge that there is no requirement of Capital Markets Elite Group (UKCayman) Limited to provide notice to you of a margin deficiency. It is important that you fully understand the risks involved in trading securities on margin and that you promptly satisfy all margin and maintenance calls. If you do not meet a margin call, Capital Markets Elite Group (UKCayman) Limited may liquidate securities in the account and apply cash from the account to the extent necessary to satisfy the call.

Appears in 1 contract

Samples: Margin Agreement

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