Margin Account. You accept that your Account is a Margin Account. When you purchase securities on margin, you are borrowing money from the Firm and pledging all securities and other property in your Account as collateral for these loans. The Margin Agreement that is posted at the Firm’s website is hereby incorporated by reference and is made part of the Agreement. In consideration of the acceptance of your account under this Agreement, you agree to the terms and provisions as well as those of the Margin Agreement. You agree to evaluate your own financial situation, resources, investment objectives, and other relevant circumstances to determine whether margin transactions are appropriate for you. The Firm will not be responsible for making this determination. Even if you determine that margin is appropriate for the Account, the Firm determines whether to make such loans to you. You also understand that trading securities on margin involves a variety of risks related in the Firm’s Risk Disclosure including to the following: a. You can lose more funds than you deposit in your Account. A decline in the value of securities that you purchase on margin may require you to provide additional funds to the Firm to avoid the forced sale of those securities or other securities or assets in b. The Firm can force the sale of securities or other assets in your Account. If the equity in your Account falls below the maintenance margin requirement, or any higher “house” c. The Firm can sell your securities or other assets without contacting you. Some investors mistakenly believe that a firm must contact them for a margin call to be valid, and that the firm cannot liquidate securities or other assets in their accounts to meet the call unless the firm has contacted them first. This is not the case. Although the Firm may attempt to notify you of margin calls, the Firm is not required to do so, and even if the Firm d. You are not entitled to choose which securities or other assets in your Account are liquidated or sold to meet a margin call. Because all the assets in the Account are collateral for your margin loan, the Firm has the right to decide which securities to sell in order to protect its interests. e. The Firm can increase “house” maintenance margin requirements at any time and is not required to provide you advance written notice of the change. These changes to the Firm’s Margin Policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause the Firm to liquidate or sell securities in your Account. f. You are not entitled to an extension of time on a margin call.
Appears in 2 contracts
Samples: Corporate Client Agreement, Retail Client Agreement
Margin Account. You accept that your Account is a Margin Account. When you purchase securities on margin, you are borrowing money from the Firm and pledging all securities and other property in your Account as collateral for these loans. The Margin Agreement that is posted at the Firm’s website is hereby incorporated by reference and is made part of the Agreement. In consideration of the acceptance of your account under this Agreement, you agree to the terms and provisions as well as those of the Margin Agreement. You agree to evaluate your own financial situation, resources, investment objectivesinve stme ntobjectives, and other relevant circumstances to determine whether margin whethermargin transactions are appropriate for you. The Firm will not be responsible for making this determination. Even if you determine that de te rminethat margin is appropriate for the Account, the Firm determines whether determineswhether to make such loans to you. You also understand that trading securities on margin involves a variety of risks related in the Firm’s Risk Disclosure including to the following:
a. You can lose more funds than you deposit in your Account. A decline in the value of securities that you purchase on margin may require you to provide additional funds to the Firm to avoid the forced sale of those securities or other securities or assets inin your Account. You could lose more than the amount you deposit in my Account.
b. The Firm can force the sale of securities or other assets in your Account. If the equity in your Account falls below the maintenance margin requirement, or any higher “house”” requirements, the Firm can sell the securities or other assets in your Account to cover the margin deficiency. You will also be responsible for any shortfall in the Account after such a sale.
c. The Firm can sell your securities or other assets without contacting you. Some investors mistakenly believe that a firm must contact them for a margin call to be valid, and that the firm cannot liquidate securities or other assets in their accounts to meet the call unless the firm has contacted them first. This is not the case. Although the Firm may attempt to notify you of margin calls, the Firm is not required to do so, and even if the FirmFirm has contacted you and provided a specific date by which you can meet a margin call, the Firm can still take necessarysteps to protect its financial interests, including immediately selling securities without notice to you.
d. You are not entitled to choose which securities or other assets in your Account are liquidated or sold to meet a margin call. Because all the assets in the Account are collateral for your margin loan, the Firm has the right to decide which securities to sell in order to protect its interests.Capital Market Elite Group (Cayman)
e. The Firm can increase “house” maintenance margin requirements at any time and is not required to provide you advance written notice of the change. These changes to the Firm’s Margin Policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause the Firm to liquidate or sell securities in your Account.
f. You are not entitled to an extension of time on a margin call. While an extension of time to meet margin requirements may be available to clients under certain conditions, you do not have a right to any extension. The Firm will determine whether to provide an extension.
Appears in 1 contract
Samples: Retail Client Agreement
Margin Account. You accept that your Account is a Margin Account. When you I purchase securities securi5es on margin, you are I am borrowing money from the Firm you and pledging all securities securi5es and other property in your my Account as collateral for these loans. The Margin Agreement that is posted at the Firm’s website is hereby incorporated by reference and is made part of the Agreement. In consideration of the acceptance of your account under this Agreement, you agree to the terms and provisions as well as those of the Margin Agreement. You I agree to evaluate your my own financial situationfinancial situa5on, resources, investment objectivesobjec5ves, and other relevant circumstances to determine whether margin transactions transac5ons are appropriate for youme. The Firm You will not be responsible for making make this determinationdetermina5on. Even if you I determine that margin is appropriate for the Accountme, the Firm determines you determine whether to make such loans to youme. You I also understand that trading securities securi5es on margin involves a variety of risks related in the Firm’s Risk Disclosure risks, including to the following:
a. You 9.1.1. I can lose more funds than you I deposit in your the margin Account. A decline in the value of securities securi5es that you I purchase on margin may require you me to provide additional addi5onal funds to the Firm you to avoid the forced sale of those securities securi5es or other securities securi5es or assets inin my Account. I could lose more than the amount I deposit in my Account.
b. The Firm 9.1.2. You can force the sale of securities securi5es or other assets in your my Account. If the equity in your my Account falls below the maintenance margin requirement, or any higher “house”
c. The Firm ” requirements, you can sell your securities the securi5es or other assets in any of my Accounts to cover the margin deficiency. I also will be responsible for any shorQall in the Account aRer such a sale.
9.1.3. You can sell my securi5es or other assets without contacting youcontac5ng me. Some investors mistakenly believe that a firm firm must contact them for a margin call to be valid, and that the firm firm cannot liquidate securities securi5es or other assets in their accounts to meet the call unless the firm firm has contacted them firstfirst. This is not the case. Although the Firm you may attempt aTempt to notify you no5fy me of margin calls, the Firm is you are not required to do so, and even if the Firmyou have contacted me and provided a specific date by which I can meet a margin call, you can s5ll take necessary steps to protect your financial interests, including immediately selling securi5es without no5ce to me.
d. You are 9.1.4. I am not entitled en5tled to choose which securities securi5es or other assets in your my Account are liquidated or sold to meet a margin call. Because all the assets in the Account securi5es are collateral for your my margin loan, the Firm has you have the right to decide which securities securi5es to sell in order to protect its your interests.
e. The Firm 9.1.5. You can increase your “house” maintenance margin requirements at any time 5me, and is you are not required to provide you me advance written notice wriTen no5ce of the change. These changes to the Firm’s Margin Policy often your policy xXxx take effect effect immediately and may result in the issuance of a maintenance margin call. Your My failure to satisfy sa5sfy the call may cause the Firm you to liquidate or sell securities securi5es in your my Account.
f. You are 9.1.6. I am not entitled en5tled to an extension of time 5me on a margin call. While an extension of 5me to meet margin requirements may be available to clients under certain condi5ons, I do not have a right to any extension. You will determine whether to provide an extension.
Appears in 1 contract
Samples: Client Agreement
Margin Account. You accept that your Account is a Margin Account. When you purchase securities on margin, you are borrowing money from the Firm and pledging all securities and other property in your Account as collateral for these loans. The Margin Agreement that is posted at the Firm’s website is hereby incorporated by reference and is made part of the Agreement. In consideration of the acceptance of your account under this Agreement, you agree to the terms and provisions as well as those of the Margin Agreement. You agree to evaluate your own financial situation, resources, investment objectives, and other relevant circumstances to determine whether margin transactions are appropriate for you. The Firm will not be responsible for making this determination. Even if you determine that margin is appropriate for the Account, the Firm determines whether to make such loans to you. You also understand that trading securities on margin involves a variety of risks related in the Firm’s Risk Disclosure including to the following:
a. You can lose more funds than you deposit in your Account. A decline in the value of securities that you purchase on margin may require you to provide additional funds to the Firm to avoid the forced sale of those securities or other securities or assets in
b. The Firm can force the sale of securities or other assets in your Account. If the equity in your Account falls below the maintenance margin requirement, or any higher “house”
c. The Firm can sell your securities or other assets without contacting you. Some investors mistakenly believe that a firm must contact them for a margin call to be valid, and that the firm cannot liquidate securities or other assets in their accounts to meet the call unless the firm has contacted them first. This is not the case. Although the Firm may attempt to notify you of margin calls, the Firm is not required to do so, and even if the Firm
d. You are not entitled to choose which securities or other assets in your Account are liquidated or sold to meet a margin call. Because all the assets in the Account are collateral for your margin loan, the Firm has the right to decide which securities to sell in order to protect its interests.
e. The Firm can increase “house” maintenance margin requirements at any time and is not required to provide you advance written notice of the change. These changes to the Firm’s Margin Policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause the Firm to liquidate or sell securities in your Account.
f. You are not entitled to an extension of time on a margin call.. Capital Markets Elite Group (Cayman)
Appears in 1 contract
Samples: Retail Client Agreement
