Margin for CFDs Sample Clauses

Margin for CFDs a. CFD transactions are subject to the IBIE Margin Policies described in this Agreement. (i) If the Client is a Retail Client, Margin Requirements for CFDs will be subject to the requirements of any CFD Measure as applicable. To the extent that IBIE’s Margin Requirements exceed the margin levels prescribed by the relevant CFD Measure, IBIE may modify Margin Requirements for any CFD or all CFDs for any open or new positions at any time, in IBIE’s sole discretion. (ii) If the Client is a Professional Client, Margin Requirements for CFDs generally will be calculated based on risk models utilised in IBIE's sole discretion. IBIE may modify Margin Requirements for any CFD or all CFDs for any open or new positions at any time, in IBIE's sole discretion. b. The Client shall monitor their account so that at all times (including intra-day) the account contains sufficient equity to meet Margin Requirements. IBIE generally will not issue margin calls and generally will not allow any grace period in Client's account for the Client to meet intraday or other margin deficiencies. (i) If the Client is a Retail Client, Margin Requirements for CFDs will be subject to the minimum requirements in the any applicable CFD Measure. In addition, IBIE’s Margin Requirements may exceed the levels in the CFD Measure. IBIE is authorised to liquidate CFD positions immediately in order to satisfy Margin Requirements without prior notice. Retail Client’s accounts will be subject to the negative balance protection in the any applicable CFD Measure. IF YOU HAVE NOT BEEN CLASSIFIED AS A RETAIL CLIENT YOU WILL NOT BE ELIGIBLE FOR NEGATIVE BALANCE PROTECTION. (ii) If the Client is a Professional Client, IBIE is authorised to liquidate CFD and other account positions immediately in order to satisfy Margin Requirements without prior notice. c. IBIE shall calculate a Reference Price for the CFD after the close of trading on each trading day. For CFDs on shares and indexes the Reference Price shall generally be based on the daily settlement price of the underlying product on the primary exchange on which the underlying product is traded. However, for those CFDs, and for CFDs involving Forex, IB reserves the right to use any reasonable price as the Reference Price in IBIE's sole discretion (e.g., in the event of a trading interruption or halt at the end of day on the primary exchange, or in the event of other circumstances affecting the underlying product or market pricing, or if the underlying prod...
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Margin for CFDs i. CFD transactions are subject to the IB UK Margin Policies described in this Agreement. Margin Requirements for CFDs will be calculated based on risk models utilized in IB UK's sole discretion. IB UK may modify margin requirements for any CFD or all CFDs for any open or new positions at any time, in IB UK's sole discretion. ii. Client shall monitor their account so that at all times (including intra-day) the account contains sufficient equity to meet Margin Requirements. IB UK generally will not issue margin calls and generally will not allow any grace period in Client's account for Client to meet intraday or other margin deficiencies. IB UK is authorized to liquidate CFD and other account positions immediately in order to satisfy Margin Requirements without prior notice. iii. IB UK shall calculate a Reference Price for the CFD after the close of trading on each trading day. The Reference Price shall generally be based on the daily settlement price of the Underlying Product on the primary exchange on which the Underlying Product is traded, but IB reserves the right to use any reasonable price as the Reference Price in IB UK's sole discretion (e.g., in the event of a trading interruption or halt at the end of day on the primary exchange, or in the event of other circumstances affecting the Underlying Product or market pricing). After the close of trading, if, on any business day during the term of the CFD, the current Reference Price is higher than the close of business Reference Price of the preceding business day, then if you are long IB UK shall be liable to you for such difference, and if you are short you shall be liable to IB UK for such difference. If, on any business day during the term of the CFD, the current Reference Price is lower than the close of business Reference Price of the preceding business day, then if you are long you shall be liable to pay IB UK the difference, and if you are short, IB UK shall be liable to pay you the difference. IB UK generally will process these credits/debits prior to the opening of trading on the following trading day, but IB UK reserves the right to delay processing if circumstances reasonably warrant the delay. iv. In the event that any price for an Underlying Product published on an exchange or by the sponsor of an index, and which is utilised by IB UK for its Reference Price calculation, is subsequently corrected, IB UK reserves the right to make an appropriate adjustment to your account in the amount payab...
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Related to Margin for CFDs

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