Margin Payment. 6.6.1 If the Client is a Business Client and at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or any Margin where no initial Margin has been required, in excess of £50,000 in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 UK time on the Business Day on which Moneycorp gives notification of the additional Margin requirement, provided that such notification is given before 12.00 noon UK time on such Business Day. If notification of an additional Margin requirement is given after 12:00 noon UK time, the Client must provide the funds by 12:00 noon UK time on the next Business Day. If at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or Margin where no initial Margin has been required, up to and including £50,000, in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 UK time on the Business Day following the day on which Moneycorp gives notification of the additional Margin requirement, provided such notification is given before 12.00 noon UK time. If notification of an additional Margin requirement is given after 12:00 noon UK time the Client must provide the funds by 12.00 noon UK time on the second Business Day after notification of the additional Margin requirement.
6.6.2 If the Client is a Personal Client, and Moneycorp requires the Client to provide initial or additional Margin to Moneycorp in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17:00 UK time on the third Business Day after the day on which Moneycorp gives notification of the initial or additional Margin requirement except for Transactions with a value of £500,000 or more where shorter time frames will apply as notified to the Client by Moneycorp in advance of entering in to the Contract.
Margin Payment. 6.6.1 If the Client is a Business Client and at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or any Margin where no initial Margin has been required, in excess of €50,000 in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 UK time on the Business Day on which Moneycorp gives notification of the additional Margin requirement, provided that such notification is given before 12.00 noon UK time on such Business Day. If notification of an additional Margin requirement is given after 12:00 noon UK time, the Client must provide the funds by 12:00 noon UK time on the next Business Day. If at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or Margin where no initial Margin has been required, up to and including €50,000, in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 UK time on the Business Day following the day on which Moneycorp gives notification of the additional Margin requirement, provided such notification is given before 12.00 noon UK time. If notification of an additional Margin requirement is given after 12:00 noon UK time the Client must provide the funds by 12.00 noon UK time on the second Business Day after notification of the additional Margin requirement.
6.6.2 If the Client is a Personal Client, and Moneycorp requires the Client to provide initial or additional Margin to Moneycorp in accordance with clauses 6.1 to 6.5, the Client must
Margin Payment. 6.1 At any time and from time to time, during the period of this Agreement, if the aggregate Market Value of the Fine Metal Delivered exceeds ninety percent (90%) of the Guaranteed Sum, K&S shall, at its option, within five (5) Business Days after notice has been served by AGR MATTHEY:
(a) Make a deposit in cash in USD, to AGR MATTHEY’s account at: X X Xxxxxx Xxxxx Bank, New York Account Name: AGR MATTHEY – USD Account Account Number: xxxxx SWIFT: xxxxx AND/OR
(b) Provide AGR MATTHEY with a further Bank Standby Letter of Credit for an amount in excess of the Guaranteed Sum AND/OR
(c) Sell back a quantity of Gold to AGR MATTHEY (or to AGR MATTHEY’s agent as directed by AGR MATTHEY in writing) in accordance with Clause 7 so that after the deposit of cash, provision of the further Bank Standby Letter of Credit and/or sell back of Gold in accordance with Clause 7, the aggregate Market Value of the Fine Metal Delivered does not exceed ninety percent (90%) of the Guaranteed Sum.
6.2 Any USD cash deposit made pursuant to Clause 6.1 to AGR MATTHEY in satisfaction of such Margin Payment shall earn interest based on daily balances of such deposits at a rate equal to the prevailing USD overnight rate of interest of Westpac Banking Corporation, Perth, Australia. Interest earned on any such deposit shall be paid to K&S in accordance with Clause 8.
6.3 Interest earned pursuant to Clause 6.2 together with any USD cash deposit made pursuant to Clause 6.1 shall be paid to K&S in full by the bank holding the USD cash deposit upon the direction of AGR MATTHEY when the USD cash deposit is returned to K&S.
6.4 At the request of K&S, AGR MATTHEY shall return to K&S the USD cash deposit and/or Further Bank Standby Letter of Credit held as a Margin Payment to K&S, as the case may be, when the aggregate Market Value of the outstanding Gold Delivered has dropped back to or below 90% (ninety percent) of the Guaranteed Sum and has remained so for five (5) consecutive Business Days.
Margin Payment. For a standard deal, the Quoting Tools allow Wholesaler the option to add Margin to the Products and Services as Wholesaler sees fit. The Margin is calculated and paid monthly on an as-billed basis during the payments period defined herein. Sangoma encourages Wholesaler to establish an ACH payment facility with Sangoma so that payments can be credited immediately. Please contact your Sangoma representative for details.
Margin Payment. 13.6.1 If the Client is a Business Client and at any time Moneycorp FRM requires the Client to provide additional Margin to Moneycorp FRM, or any Margin where no initial Margin has been required, in excess of £50,000 in accordance with clauses 13.1 to 13.5, the Client must do so in immediately accessible funds by 17.00 UK time on the Business Day on which Moneycorp FRM gives notification of the additional Margin requirement, provided that such notification is given before 12.00 noon UK time on such Business Day. If notification of an additional Margin requirement is given after 12:00 noon UK time, the Client must provide the funds by 12:00 noon UK time on the next Business Day. If at any time Moneycorp FRM requires the Client to provide additional Margin to Moneycorp FRM, or Margin where no initial Margin has been required, up to and including £50,000, in accordance with clauses
13.6.2 If the Client is a Personal Client, and Moneycorp FRM requires the Client to provide initial or additional Margin to Moneycorp FRM in accordance with clauses 13.1 to 13.5, the Client must do so in immediately accessible funds by 17:00 UK time on the third Business Day after the day on which Moneycorp FRM gives notification of the initial or additional Margin requirement except for Option Contracts with a value of £500,000 or more where shorter time frames will apply as notified to the Client by Moneycorp FRM in advance of entering in to the Option Contract.
Margin Payment. 1If the Client is a Business Client and at any time Moneycorp Bank requires the Client to provide additional Margin to Moneycorp Bank, or any Margin where no initial Margin has been required, in excess of £50,000 in accordance with clauses 7.1 to 7.5, the Client must do so in immediately accessible funds by 17.00 Gibraltar time on the Business Day on which Moneycorp Bank gives notification of the additional Margin requirement, provided that such notification is given before 12.00 noon Gibraltar time on such Business Day. If notification of an additional Margin requirement is given after 12:00 noon Gibraltar time, the Client must provide the funds by 12:00 noon Gibraltar time on the next Business Day. If at any time Moneycorp Bank requires the Client to provide additional Margin to Moneycorp Bank, or Margin where no initial Margin has been required, up to and including £50,000, in accordance with clauses 7.1 to 7.5, the Client must do so in immediately accessible funds by 17.00 Gibraltar time on the Business Day following the day on which Moneycorp Bank gives notification of the additional Margin requirement, provided such notification is given before 12.00 noon Gibraltar time. If notification of an additional Margin requirement is given after 12:00 noon Gibraltar time the Client must provide the funds by 12.00 noon Gibraltar time on the second Business Day after notification of the additional Margin requirement.
Margin Payment. 6.1 At any time and from time to time, during the period of this Agreement, if the aggregate Market Value of the Fine Metal Delivered exceeds ninety five percent (95%) of the Guaranteed Sum, K&S shall, at its option, within five (5) Business Days after notice has been served by AGR MATTHEY:
(a) Make a deposit in cash in USD, to AGR MATTHEY’s account at: X X Xxxxxx Xxxxx Bank, New York Account Name: AGR MATTHEY – USD Account XXXXX XXXXX AND/OR
(b) Provide AGR MATTHEY with a further Bank Standby Letter of Credit for an amount in excess of the Guaranteed Sum AND/OR
(c) Sell back a quantity of Gold to AGR MATTHEY (or to AGR MATTHEY’s agent as directed by AGR MATTHEY in writing) in accordance with Clause 7 so that after the deposit of cash, provision of the further Bank Standby Letter of Credit and/or sell back of Gold in accordance with Clause 7, the aggregate Market Value of the Fine Metal Delivered does not exceed ninety five percent (95%) of the Guaranteed Sum.
Margin Payment. 6.6.1 If the Client is a Business Client and at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or any Margin where no initial Margin has been required, in excess of €50,000 in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 Irish time on the Business Day on which Moneycorp gives notification of the additional Margin requirement, provided that such notification is given before 12.00 noon Irish time on such Business Day. If notification of an additional Margin requirement is given after 12:00 noon Irish time, the Client must provide the funds by 12:00 noon Irish time on the next Business Day. If at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or Margin where no initial Margin has been required, up to and including €50,000, in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 Irish time on the Business Day following the day on which Moneycorp gives notification of the additional Margin requirement, provided such notification is given before 12.00 noon Irish time. If notification of an additional Margin requirement is given after 12:00 noon Irish time the Client must provide the funds by 12.00 noon Irish time on the second Business Day after notification of the additional Margin requirement.
6.6.2 If the Client is a Personal Client, and Moneycorp requires the Client to provide initial or additional Margin to Moneycorp in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17:00 Irish time on the third Business Day after the day on which Moneycorp gives notification of the initial or additional Margin requirement except for Transactions with a value of €500,000 or more where shorter time frames will apply as notified to the Client by Moneycorp in advance of entering in to the Contract.
Margin Payment. 6.6.1 If the Client is a Wholesale Client and at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or any Margin where no initial Margin has been required, in excess of Aus$50,000 in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17.00 UK time on the Business Day on which Moneycorp gives notification of the additional Margin requirement, provided that such notification is given before 12.00 noon UK time on such Business Day. If notification of an additional Margin requirement is given after 12:00 noon UK time, the Client must provide the funds by 12:00 noon UK time on the next Business Day. If at any time Moneycorp requires the Client to provide additional Margin to Moneycorp, or Margin where no initial Margin has been required, up to and including Aus$50,000, in accordance with clauses
6.6.2 If the Client is a Retail Client, and Moneycorp requires the Client to provide initial or additional Margin to Moneycorp in accordance with clauses 6.1 to 6.5, the Client must do so in immediately accessible funds by 17:00 UK time on the third Business Day after the day on which Moneycorp gives notification of the initial or additional Margin requirement except for Transactions with a value of Aus$500,000 or more where shorter time frames will apply as notified to the Client by Moneycorp in advance of entering in to the Contract.
Margin Payment. For a standard Deal, the Quoting Tools allow Wholesaler the option to add Margin to the Products and Services as Wholesaler sees fit. The Margin is calculated and paid monthly on an as-billed basis during the payments period defined herein. Star2Star encourages Wholesaler to establish an ACH payment facility with Star2Star so that payments can be credited immediately. Please contact your Star2Star Representative for details.
