Common use of Obligation to Maintain Margin Clause in Contracts

Obligation to Maintain Margin. (i) The Client undertakes to maintain the Margin Requirement(s) being either: (A) in the case of Margin Transactions entered into using an Electronic Trading Platform, the relevant Margin Requirement(s) specified in the Margin Platform Addendum; and (B) in all other cases, the Margin Requirement(s) advised by PKF Capital. (ii) The undertaking in sub-paragraph (i) is deemed to be repeated at the time each Margin Transaction is entered into. (iii) If the Client has more than one Margin Transaction Account, the undertaking in sub-paragraph (i) relates to each Margin Transaction Account separately, unless PKF Capital has agreed otherwise in writing. (iv) For the avoidance of doubt, the undertaking in sub-paragraph (i) is a margin requirement for the purpose of clause 18.1(b). (v) The Client acknowledges and agrees that: (A) the Margin Requirement may differ depending on the Electronic Trading Platform on which Margin Transactions are entered; (B) the applicable Margin Requirement may, from time to time, be updated by PKF Capital by amending the Margin Platform Addendum and it is the Client’s responsibility to ensure it is aware of the prevailing Margin Requirement at any point in time.

Obligation to Maintain Margin. (i) The Client undertakes to maintain the Margin Requirement(s) being either: (A) in the case of Margin Transactions entered into using an Electronic Trading Platform, the relevant Margin Requirement(s) specified in the Margin Platform Addendum; and (B) in all other cases, the Margin Requirement(s) advised by PKF CapitalDirect Markets Africa. (ii) The undertaking in sub-paragraph (i) is deemed to be repeated at the time each Margin Transaction is entered into. (iii) If the Client has more than one Margin Transaction Account, the undertaking in sub-paragraph (i) relates to each Margin Transaction Account separately, unless PKF Capital Direct Markets Africa has agreed otherwise in writing. (iv) For the avoidance of doubt, the undertaking in sub-paragraph (i) is a margin requirement for the purpose of clause 18.1(b). (v) The Client acknowledges and agrees that: (A) the Margin Requirement may differ depending on the Electronic Trading Platform on which Margin Transactions are entered; (B) the applicable Margin Requirement may, from time to time, be updated by PKF Capital Direct Markets Africa by amending the Margin Platform Addendum and it is the Client’s responsibility to ensure it is aware of the prevailing Margin Requirement at any point in time.