MARGIN OBLIGATIONS Sample Clauses
MARGIN OBLIGATIONS a) The Client must pay to Moonance such amounts of Margin as it may require under this Agreement.
b) A Xxxxxx Xxxxxxx is credited by Xxxxxxxx at the time cleared funds have been received into the Client Account or such earlier time as allowed by Moonance, so a Margin requirement for any anticipated or Open Positions by Moonance is not satisfied unless and until the Client’s payment is received in cleared funds into the Client Account.
c) Moonance will not be liable for any losses including losses arising from real or Open Positions if a Margin Deposit or payment is not received in cleared funds into the Client Account.
d) The Client must maintain at least the amount of Margin required by Moonance whether or not Moonance gives any notice to the Client to make those payments if the Client has actual notice of the required amount. The required amount of Margin can change continuously, including over the weekend or other non-trading days
e) It is the Client’s sole responsibility to always monitor through the Moonance Trading Platform any notifications that Moonance may, but is not obliged to, provide, the Margin deposited or any Minimum Margin requirement under this Agreement having regard to such matters as:
i. your open Positions;
ii. the volatility of any relevant Underlying Instrument;
iii. the volatility of the Underlying Market and the markets generally.
iv. any applicable Exchange Rate risk; and v. the time it will take for you to remit sufficient cleared funds to Moonance.
f) The Client must ensure that for as long as they have an Open Position, their account is sufficiently funded to cover the required Margin. If not, the Client’s Open Position may be Closed Out by Moonance without prior notice to the Client.
g) Moonance may, in its absolute discretion, provide the Client with further time to meet their Margin Requirements. Such permission will only be effective once confirmed in writing by Xxxxxxxx and only to the extent provided in the notice.
h) If Moonance asks the Client to transfer money to it to meet its Margin requirement, the client must take this action immediately. If they don’t, Xxxxxxxx will consider it a Default Event under these terms. Moonance may also cancel any Orders or Close-Out one or more of the Client’s positions or part of their positions at its sole discretion without being liable to the Client, regardless of whether the Client transfers additional money to it.
MARGIN OBLIGATIONS. The Client must pay to Axel Private Market Limited such amounts of Margin as it may require under this Agreement. A Margin Deposit is credited by Xxxx Private Market Limited at the time cleared funds have been received into the Client Account or such earlier time as allowed by Xxxx Private Market Limited, so a Margin requirement for any anticipated or Open Positions by Xxxx Private Market Limited is not satisfied unless and until the Client’s payment is received in cleared funds into the Client Account. Axel Private Market Limited will not be liable for any losses including losses arising from real or Open Positions if a Margin Depositor payment is not received in cleared funds into the Client Account. The Client must maintain at least the amount of Margin required by Axel Private Market Limited whether or not Axel Private Market Limited gives any notice to the Client to make those payments of the Client has actual notice of the required amount. The required amount of Margin can change continuously, including over the weekend or other non-trading days. It is the Client’s sole responsibility to monitor at all times through the Axel Private Market Limited Trading Platform any notifications that Axel Private Market Limited may, but is not obliged to, provide, the Margin deposited or any Minimum Margin requirement under this Agreement having regard to such matters as:
(i) your open Positions;
(ii) the volatility of any relevant Underlying Instrument;
(iii) the volatility of the Underlying Market and the markets generally;
(iv) any applicable Exchange Rate risk;and
(v) the time it will take for you to remit sufficient cleared funds to Axel Private Market Limited. The Client must ensure that for as long as they have an Open Position, their account is sufficiently funded to cover the required Margin. If not, the Client’s Open Position may be Closed Out by Xxxx Private Market Limited without prior notice to the Client. Axel Private Market Limited may, in its absolute discretion, provide the Client with further time to meet their Margin Requirements. Such permission will only be effective once confirmed in writing by Xxxx Private Market Limited and only to the extent provided in the notice. If Xxxx Private Market Limited asks the Client to transfer money to it to meet its Margin requirement, the client must take this action immediately. If they don’t, Axel Private Market Limited will consider it a Default Event under these terms. Axel Private Market Limited may als...
MARGIN OBLIGATIONS. 9.1. We allow you to trade in financial instruments offered by us with a contract value greater than the balance you hold on your Trading Account, by using Leverage. When you trade on a leveraged Account, the actual funds that you are required to commit to a contract is referred to as the Margin. For example, if your account is leveraged 1:100 and the value of your contract is €50,000, the Margin you are required to hold is €500. Accordingly, you are obliged to maintain sufficient funds in your Trading Account at all times to be able to meet the Margin Requirements.
9.2. When you are close to breaching the Margin Requirements, you may receive a Margin Call from us, informing you that you have not enough Margin to place Orders or maintain Open Positions.
9.3. Where your Trading Account has no sufficient funds to maintain Open Positions, we may close or terminate any or all of your Open Positions, with our without notice to you, in which case we are entitled to close all of your margined Transactions.
9.4. You may increase the amount of Free Margin available in your Trading Account by: (a) closing out or reducing one or more Open Positions and/or (b) depositing additional funds into your Trading Account.
MARGIN OBLIGATIONS. 3.1 The Customer further agrees that any instructions accepted by Renaissance are accepted in reliance on the Customer’s undertaking to perform its obligations to provide Margin under this Margin Schedule. If at any time on a Business Day, the Margin Requirement exceeds the Available Margin, Renaissance may require, in accordance with Clause 3.4 below, that the Customer transfers to the Cash Account and/or the Securities Account (each term as defined in this Agreement), as may be applicable, in order and in such amount that Available Margin, after giving effect to such transfer, is at least equal to the Margin Requirement on the date of transfer.
3.2 If the Customer fails to perform the actions required by Renaissance in accordance with Clause 3.1 hereof and pursuant to the terms of the relevant Margin Call Notice, Renaissance shall have the right and the power to Set Off (as per Clause 16 of the Investment Services Agreement) and/or dispose and/or use for its own purposes any property or assets held under any account or any agreement between the Customer and Renaissance, or any Associated Firm of Renaissance or declare an Early Termination Date in respect of one or more ISDA Transactions in the required amount in order that the Available Margin shall thereafter be increased so as to be either closer to, equal to or greater than the Margin Requirement. Renaissance may dispose all or any of the Securities used for Margin Requirement purposes or provided as collateral in any manner which, in its absolute discretion, it deems fit provided that such disposal or sale will always take into consideration the then current best practice market standards. Renaissance will make efforts so that all disposals and sales are made as close as possible to their market price. The Customer however agrees and understands that this may not be possible in every instance and that losses may occur during such disposals as the disposal may occur at unfavorable periods for the price of the stock or at periods of low liquidity for the specific stock.
3.3 If Renaissance notifies the Customer (such notice may be sent by Renaissance to the Customer by electronic messaging system or by automatic facsimile transmission and hereinafter referred to as a "Margin Call Notice") at or before 12.00hrs Nicosia time, on any Business Day that the Margin Requirement exceeds the Available Margin, the Customer shall make delivery of the requisite amount of Margin or effect the required close-out (in ...
MARGIN OBLIGATIONS. 1. Client must pay to us such amounts of Margin as we may require under this Agreement.
2. It is your responsibility to ensure that funds sent to us are correctly designated, including, where applicable, that the money is for Margin and to which of your Accounts the money should be applied.
3. It is your sole responsibility to monitor at all times through the trading platform any notifications that we may, but are not obliged to, provide, with respect to the Margin deposited or any Minimum Margin requirement under this Agreement having regard to such matters as:
a. your open Positions;
b. the volatility of any relevant Underlying Instrument;
c. the volatility of the Underlying Market and the markets generally;
d. any applicable Exchange Rate risk; and
e. the time it will take for you to remit sufficient cleared funds to us.
4. You must always ensure your Account balance meets the higher of the Margin Requirement or the Minimum Margin Requirement.
5. We may, in our absolute discretion, provide you with further time to meet your Margin Requirements. Such permission will only be effective once confirmed in writing by us, and only to the extent specified in that written notice.
6. Any variation of the Margin Percentage and/or increase in Margin or Minimum Margin requirement will be due and payable immediately on our demand.
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