Transfer of Open Position. SFP shall be entitled to transfer any open position in respect of any Exchange Transaction, along with all margin, collateral and security provided by the Exchange Member Customer or received by SFP in connection with that Exchange Transaction, to another clearing member of the relevant clearing house as SFP may in its sole and absolute discretion deem necessary, desirable or expedient, whether for clearing through the relevant clearing house or other purpose (including but not limited to where such transfer is contemplated in the rules of the relevant exchange or clearing house or is required or directed by the relevant exchange or clearing house).
Appears in 4 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
