Common use of Margined Transactions Clause in Contracts

Margined Transactions. 8.1 Where we agree to enter into a Transaction involving Margin, we will require you to provide and maintain the amount of Margin in your Account that we, at our sole discretion, may determine for each type of the Financial Instrument. Our Margin requirements are set out on the Trading Platform under contract specifications. 8.2 Margin will be provided by depositing funds with us. In the event the applicable financial institution declines to transfer funds from you to us for any reason, then we may treat any Margined Transaction placed or entered into in reliance upon receipt of the funds as void and of no further effect and we shall be entitled to recover any losses arising from any such Margined Transaction from you. 8.3 If there is any shortfall between your Account balance and your initial Margin requirement, you should immediately deposit additional funds into your Account in order to fully cover the Margin required or reduce or close your positions, otherwise the Trading Platform may trigger an automatic Stop Out. 8.4 You acknowledge and agree, that: a) It is your responsibility to be aware of the Margin requirement for all Transactions that you open with us; b) Your obligation to pay Margin will exist irrespective of whether we have contacted you regarding an outstanding Margin obligation; c) You failure to pay Margin will be regarded as an Event of Default. 8.5 Without prejudice to Clause 8.4 (b), if we contact you regarding the outstanding Margin obligation, then you should undertake any of the following actions, as soon as reasonably possible: a) Close the Transactions; b) Deposit more Margin into your Account. 8.6 Subject to the Applicable Laws and Regulation and based on our own discretion or depending on the market situation, we will be entitled, to increase or decrease the Margin requirement for your Account, of what you will be notified via the Trading Platform. Any increase of Margin will become payable immediately upon our demand.