Position and Exercise Limits. You agree, whether acting alone or in concert with others, to be bound by the position and exercise limits for option contracts as fixed from time to time by the appropriate regulatory authorities.
Position and Exercise Limits. Notwithstanding that the Broker may by oral or written notice to the Client limit the number of open positions held by it at any time on behalf of the Client, the Client agrees to abide by any position and exercise limits set by the Exchange or the Clearing House notified by the Broker to the Client. If any of the Derivatives held by or on behalf of the Client exceeds any position and exercise limits notified to the Client by the Broker (as determined in the Broker’s absolute discretion) in relation to the Derivatives, the Broker shall be entitled as agent for the Client and is hereby authorised by the Client to terminate or close out any or all such Derivatives to the extent that the Broker reasonably considers necessary or desirable to ensure that the Derivatives held by or on behalf of the Client to comply with such position and/or exercise limits.
Position and Exercise Limits. The Client agrees to abide by any position and exercise limits set by an Exchange or the Clearing House notified by the Broker to the Client. If any Futures Contracts held by or on behalf of the Client exceeds any position and exercise limits notified to the Client by the Broker (determined in the Broker‟s discretion) in relation to Futures Contracts, the Broker shall be entitled as agent for the Client to terminate or close out any or all such Futures Contracts to the extent that the Broker reasonably considers necessary or desirable to ensure that the Futures Contracts held by or on behalf of the Client to comply with such position and exercise limits.
Position and Exercise Limits. The OTM may from time to time at its discretion and without notice to the Client place limits on the positions that may be held or exercised by the Client. In addition, the Client understands that subject to the Option Trading Rules and Clearing Rules, the OTM may be required to close or give-up Client Contracts as will result in the OTM complying with position limits prescribed by the Exchange, or where the OTM is in default or the Exchange in its absolute discretion determines that an event of default (as defined in the Options Trading Rules) has occurred in respect of the OTM, the default procedures of the Exchange, and that the result of such could be the closing or giving-up of one or more Client Contract to which the Client is party.
