Common use of MARGINS AND DEPOSIT REQUIREMENTS Clause in Contracts

MARGINS AND DEPOSIT REQUIREMENTS. Client shall provide and maintain margin in such amounts and in such forms as GMI, in its sole discretion may require. It is the Client’s responsibility to ensure that the Client understands how a margin is calculated. GMI may change margin requirements at any time without prior notice. GMI retains the right to limit the amount and/ or total number of open positions that Client may acquire or maintain at GMI. GMI reserves the right to close any Client positions at any time that it deems necessary. GMI shall not be responsible for any loss or damage caused, directly or indirectly, by any events, actions or omissions including but not limited to loss or damage resulting, directly or indirectly, from any delays or inaccuracies in the transmission of orders and / or information due to a breakdown in or failure of any transmission or communication facilities. For example, in volatile market conditions a margin call may be delayed resulting in the possibility of a negative usable margin; a margin call may occur even if positions are hedged, in the jurisdictions where hedging is permitted by law, due to currency conversion rate volatility or daily interest charges or credits. Client agrees and understands that his/her account is under GMI control. GMI may change Margin requirements at any time, without prior notice, and GMI may call for additional Margin at any time GMI believe that it is prudent to do so. GMI may liquidate open Transactions or non-cash Margin in Client’s account if Client fail to meet a margin call or have a deficit balance. GMI may withdraw funds from Client’s account without notice to satisfy any payment obligations Client has to Company, including for commissions and fees.