Margin Call. You agree to pay us on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as we may in our discretion reasonably require for the purpose of protecting ourselves against loss or risk of loss on present, future or contemplated Transactions under this Agreement.
Margin Call. 7.1 Xxxxxx calls must be met on demand of Galaxy International Futures (or such other time limit as may be specified by Galaxy International Futures from time to time, however, never later than the time the relevant Exchange requires client margin to be met). Without prejudice to the provisions of clause 3.5 of this Part E, Client’s failure to meet such calls may result in Galaxy International Futures being entitled or obliged by the rules or regulations of the relevant Exchange and/or Clearing House to close out the Open Contracts held on behalf of the Client in respect of which calls have not been met, and/or to notify the relevant Exchange, Clearing House or broker particulars of such Open Contracts. The Client acknowledges that Galaxy International Futures will report to the Futures Exchange and the SFC particulars of all open positions in respect of which two successive margin calls and demands for variation adjustment are not met within the period specified by Galaxy International Futures and Galaxy International Futures may require more margin or variation adjustments than that specified by the Futures Exchange and/ or Clearing House and may close out open positions in respect of which any margin calls and demands for variation adjustments are not met within the period specified by Galaxy International Futures or at the time of making such call(s) or demands(s).
7.2 Unless specifically instructed by the Client, Futures Contract and/or options contract held in the Account which the Exchange allows to be set off for margin purpose will automatically be set off for the determination of Margin without reference to the Client, but these Futures Contract and/or options contract will not be closed out or treated as netted off for any other purpose.
7.3 If the Client maintains a cash account with Galaxy International Futures for options contracts, only long options contract positions can be carried in the account. The Client shall pay Galaxy International Futures the full cash value of the premium of the options contract on the date of the Client’s instruction to Galaxy International Futures to purchase the options contract.
Margin Call. Client shall on demand from CIF make payments of deposits or margin in monies, Securities and/or other assets in such amount and in such form into a designated account and within such time as specified by CIF (referred to as a “Margin Call”), as CIF in its absolution discretion determines necessary to provide adequate security in respect of Facility. For the purpose of Margin Call, CIF shall use its best endeavours to contact the Client promptly by phone on the telephone numbers indicated by the Client on the Account Opening Form and/or by sending to the Client a Margin Call notice by post, fax, email or otherwise. Client agrees that it shall be deemed properly notified of the Margin Call even if CIF fails to contact it by phone or the Client fails to receive the written notice.
Margin Call. All amounts (including Margin) payable by the Client in connection with this Agreement shall be due on demand and in the currency of GTJAF's choice subject only to any restrictions which may be imposed by the relevant exchange and/or clearing house on which the relevant Derivatives transactions were executed. Demands for Margin must be met within twelve (12) hours or such other time limit as GTJAF may in its absolute discretion determine to be necessary and notify to the Client. Without prejudice to the provisions of Clause 14, failure to meet margin calls may result in GTJAF being entitled or obliged by the rules or regulations of the relevant exchange and/or clearing house to close out the Derivatives contracts held on behalf of the Client in respect of which any Margin calls are not met within the period specified by GTJAF or at the time of making such call(s), and/or to notify the relevant exchange, clearing house or broker particulars of such contracts.
Margin Call. Margin client has to ensure that the outstanding amount of the Credit Facilities in the margin account at all times will not be greater than the Acceptable Margin Value of all the securities in the margin account. The Acceptable Margin Value is the discounted value of the securities in the margin account which will be decided upon and fixed by Xxx Eng Securities (Hong Kong) Limited from time to time and at Xxx Eng Securities (Hong Kong) Limited’s sole discretion. If the outstanding amount of the Credit Facilities is greater than the Acceptable Margin Value, the margin client shall immediately after such condition exists, whether or not the margin client has received a notice from Xxx Eng Securities (Hong Kong) Limited, deposit such amount of cash or securities acceptable to Xxx Eng Securities (Hong Kong) Limited so that after the deposit, the aggregate Acceptable Margin Value of all the securities in the margin account shall not be less than the outstanding amount of the Credit Facilities. If the margin client fails to deposit sufficient amount of cash or securities acceptable to Xxx Eng Securities (Hong Kong) Limited, Xxx Eng Securities (Hong Kong) Limited may without demand sell the securities in the margin account to reduce the outstanding amount of the Credit facilities until the aggregate Acceptable Margin Value of all the securities in the margin account shall not be less than the outstanding amount of the Credit Facilities. Selected blue chips 70% Other Blue chips and selected H shares 60% Hang Seng China Enterprise 50% Selected stocks with market 50% Capitalization > HK$2.5 billion Other Selected stocks 30% The above stock grading criteria is applicable to diversified portfolio and stock grading for single stock account will be considered on a case by case basis. Clients should check with the Account Executives of the Acceptable Margin Value of a particular stock.
Margin Call. We are not under an obligation to keep you informed of your Account balance and the Margin required as it is your responsibility to monitor any shortfalls. However, we may at any time notify you, that unless you deposit into your Account(s) such additional Margin to meet our Margin requirements, we may liquidate any or all Open Positions without further notice to you (“Margin Call”). Once issued, you must immediately comply in full with the Margin Call by way of cleared, same day funds regardless of any currency value fluctuations and irrespective of any recovery in the market value of the subject Open Positions. You may not increase or establish any new Open Positions while any Margin Call remains unsatisfied. Notwithstanding the aforementioned, we are not obliged to make any Margin Call to you or within any specific time period.
Margin Call. 10.1 If the Margin deteriorates:
(a) by 15% or more, We may send You a notice (“Shortfall Margin Notice”) to block an amount out of the monies in the Account or to provide additional Securities in the Investment Account as Additional Collateral in an amount adequate to ensure that the Margin deterioration is rectified ("Shortfall Margin Call"). You will be obligated to make a timely delivery of Additional Collateral as soon as possible post receipt of Shortfall Margin Notice. Till such time that We receive Additional Collateral after the receipt of the Shortfall Margin Call, We shall be providing no further Advance under this Agreement;
(b) by 25% or more, We may send You a notice (“Top-Up Margin Call Notice”) to block an amount out of the monies in the Account or to provide additional Securities in the Investment Account as Additional Collateral in an amount adequate to ensure that the Margin deterioration is rectified ("Top-Up Margin Call"). You will be obligated to make a timely delivery of Additional Collateral within a period of seven (7) calendar days from the receipt of Top-Up Margin Call Notice;
(c) by 50% or more, We may send You a notice (“Sell-Out Margin Call Notice”) to block an amount out of the monies in the Account or to provide additional Securities in the Investment Account as Additional Collateral in an amount adequate to ensure that the Margin deterioration is rectified ("Sell-Out Margin Call"). You will be obligated to make a timely delivery of Additional Collateral within a period of one (1) calendar day from the receipt of Sell –out Margin Call Notice.
10.2 Failure to provide Additional Collateral in case of receipt of Top-Up Margin Call Notice and Sell-Out Margin Call Notice will constitute an Event of Default and may cause liquidation of all or part of the Collateral. You will continue to be liable on demand for any debit balance remaining after liquidation of the Collateral. Therefore, You agree to ensure that sufficient Collateral is maintained. Without prejudice to the foregoing, You hereby authorise Us to: (a) debit Your Account and block an amount as Additional Collateral as required by Us pursuant to the Margin Call; and (b) to select and designate additional Investment Accounts or cash Accounts to include as Designated Accounts or to add additional Securities or cash to the Designated Accounts to be provided as Additional Collateral and be subject to the charge as provided under 8, in order to remedy the Margin Call (the auth...
Margin Call. 4.1 The Client hereby covenants with KGI Asia that the Client shall at all times maintain (i) the Margin and (ii) the Margin Percentage to such level as determined by KGI Asia to be satisfactory.
4.2 The Client shall on demand from KGI Asia make payments or deposits of additional Margin in such amount and in such form into a designated account and within such time limit as specified by KGI Asia, as KGI Asia in its absolute discretion determines necessary to provide adequate security in respect of the Margin Percentage and the Margin Financing Facilities (“Margin Call(s)”). Payment of Margin Calls must be effected in cleared funds or by deposit of Securities and/or other assets which the Client has good and free unencumbered titles as specified by KGI Asia and unless the Margin Call is fully satisfied within the time specified, KGI Asia shall be entitled, at its absolute discretion, to refuse to accept any Instruction and shall not be liable to the Client for any Loss whatsoever arising out of or in connection with its not accepting or acting on any Instruction.
4.3 Notwithstanding paragraph 4.2 of this Schedule, KGI Asia has no obligation to notify the Client of the Client’s failure to maintain the required Margin or meet the Margin requirements.
4.4 In the event that it is, in the sole opinion of KGI Asia, impracticable for KGI Asia to make Margin Calls pursuant to paragraph 4.2 of this Schedule, including but not limited to, if the impracticality is due to a change or development:
(a) involving a prospective change in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of KGI Asia likely to result in a material or adverse fluctuation in the stock market and/or currency market in Hong Kong or elsewhere; or
(b) which will or may materially and adversely affect the financial condition or operations of the Client, KGI Asia shall be deemed to have made Margin Calls for such form and/or amounts as KGI Asia may determine and such additional Margin shall become immediately due and payable by the Client.
4.5 Where the Client fails to maintain the required Margin or meet Margin Calls made by KGI Asia or the Margin Financing Facilities is terminated or cancelled by KGI Asia, KGI Asia may, without demand, notice, legal process or other action terminate the Margin Financing Facilities and/or cancel or modify any outstanding Instructions and/or sell, realise, re...
Margin Call. (a) If, on any Scheduled Trading Day, the Lender determines that the LTV Ratio is greater than eighty per cent. (80%), the Borrower and/or Offshore Guarantor shall promptly, and in any case no later than 5:00 p.m. on the second (2nd) Business Day immediately following the date of a Margin Call Notice from the Lender requiring it to do so, deposit or procure to be deposited into the Margin Cash Account such additional US dollar amounts in cash (the “Margin Cash”) to ensure that the LTV Ratio, after being recalculated by taking into account the effect of the deposit of the Margin Cash (the date on which the deposit of the Margin Cash is completed being the “Margin Top-Up Date”, which shall be a Scheduled Trading Day), is equal to or less than seventy-five per cent. (75%) on the Margin Top-Up Date.
(b) Notwithstanding any other provision of this Agreement, a Margin Call Notice shall be deemed effectively delivered on any day if delivered prior to 11:59 p.m. on that day.
(c) For the avoidance of doubt, there is no limit on the number of Margin Call Notice which the Lender may deliver.
Margin Call. We have the right to request further deposits from you in the event that the spot exchange rate moves in a direction that makes your contract less valuable to you, such that the loss in value is equal to, or greater than 60% of the initial deposit at any time prior to full settlement of the Forward Contract (“Margin Call”). If we make a Margin Call, you must pay the additional deposit to us within 24 hours.
