Common use of Margin Close-Out Level Clause in Contracts

Margin Close-Out Level. FIX Account: Where the Client fails to provide Margin in clear funds received by the Company by the time at which the Client’s Margin Level reaches 0% (“Close out Level”), the Company has the right to close out all Client’s positions in his/her trading account, in relation to the Transactions for which the Client have failed to provide Xxxxxx. Floating account: Where the Client fails to provide Margin in clear funds received by the Company by the time at which the Client’s Margin Level reaches 25% (“Close Out Level”), the Company have the right to begin closing out the Client’s positions in his/her trading account, in relation to the Transactions for which the Client have failed to provide Xxxxxx, starting from the most recent position ('Last In, First Out - LIFO'). Where the Margin Level drops below 50%, 25% or 0% depend on the Client’s account type, the Company will proceed with close out without further reference to the Client. There will be no further warning before close-out. Any such closing out under this Clause shall be performed in compliance with the Company’s duty of best execution to the Clients, in accordance with the Company’s Order Execution Policy.

Margin Close-Out Level. FIX Account: Where the Client fails to provide Margin Xxxxxx in clear funds received by the Company by the time at which the Client’s Margin Level reaches 0% (“Close out Level”), the Company has the right to close out all Client’s positions in his/her trading account, in relation to the Transactions for which the Client have failed to provide Xxxxxx. Floating account: Where the Client fails to provide Margin in clear funds received by the Company by the time at which the Client’s Margin Level reaches 25% (“Close Out Level”), the Company have the right to begin closing out the Client’s positions in his/her trading account, in relation to the Transactions for which the Client have failed to provide Xxxxxx, starting from the most recent position ('Last In, First Out - LIFO'). Where the Margin Level drops below 50%, 25% or 0% depend on the Client’s account type, the Company will proceed with close out without further reference to the Client. There will be no further warning before close-out. Any such closing out under this Clause shall be performed in compliance with the Company’s duty of best execution to the Clients, in accordance with the Company’s Order Execution Policy.