To start Margins Trading Sample Clauses

To start Margins Trading x. Xxx represent and warrant that you not on any list of trade embargoes or economic sanctions, such as the Specially Designated National by OFAC (The Office of Foreign Assets Control of the U.S. Department of the Treasury). ii. You should fully understand the risks associated with Margins Trading and Lending, and be fully responsible for any trading and non-trading activities under your VXL DOLLAR Account and Collateral Account. You should not engage in Transactions or invest in funds that are beyond your financial capacities; iii. You are fully responsible for knowing the true status of any position, even if VXL DOLLAR may present it incorrectly at any time; iv. You agree to keep enough Digital Assets in your Collateral Account, as required by VXL DOLLAR for Users’ engagement in Margins Trading, and promptly repay your loan in full. Failure to keep enough assets or to timely repay the outstanding loan may result in forced liquidation of the assets in your Collateral Account; v. Even if with the ability to forcefully liquidate any position, VXL DOLLAR cannot guarantee to stop losses. If your assets are insufficient to repay the outstanding loan after the liquidation of your position, you are still liable for any further shortfall of assets; vi. VXL DOLLAR may take measures, in its discretion and on your behalf, to reduce your potential losses, including but not limited to, transferring assets from your Collateral Account into your VXL DOLLAR Account and/or vice versa; vii. During VXL DOLLAR system maintenance, you agree to be fully responsible for managing your Collateral Account under risks, including but not limited to, closing positions and repaying your loan. Page13 viii. You agree to conduct all Transactions, Margins Trading and/or borrowing on your own, and be fully responsible for your activities. VXL DOLLAR assumes no liability for any loss or damage caused by your use of any VXL DOLLAR services or your unawareness of the risks associated with the use of Digital Assets or with your use of VXL DOLLAR Services.
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