Variation Margin. If additional Collateral is required by Broker due to variation in the value of one or more Contracts held in the trading account or otherwise pursuant to the Customer Agreement ("Variation Margin"):
A. Broker shall give Customer Written Notice of such requirement and such Variation Margin shall be satisfied from any amounts currently credited to Customer's trading account, to the extent thereof.
B. If the Variation Margin cannot be satisfied as set forth in Paragraph A, then Customer shall immediately transfer the Variation Margin to Broker and Broker shall give Customer prompt Written Notice of receipt.
C. If the Variation margin is not satisfied as set forth in Paragraphs A or B, then, Broker may give notice to IFTC of the failure to deposit or pay such amount and the amount required, which notice shall state that all conditions precedent to Broker's right to receive Collateral have been satisfied. Immediately upon receipt of such notice, IFTC shall transfer Collateral of such specified amount from the Safekeeping Account to or for the account of Broker.
Variation Margin. The Variation Margin is the unrealized profit or loss on a Client’s open position. This is the difference between the value of the Contract when it was bought or sold and its current market price. Should a Client’s position move in their favour MTC may refund part or all of the Variation Margin to the Client.
Variation Margin. The Variation Margin is the unrealized profit or loss on a Client’s open position. This is the difference between the value of the Contract when it was bought or sold and its current market price. Should a Client’s position move in their favour SMFX may refund part or all of the Variation Margin to the Client.
Variation Margin. 2.1. CFD client prior day exposure report to be reviewed each morning and clients to be notified electronically by 10h00 should they need to top up variation margin deposit due to adverse market movements on share portfolio account.
Variation Margin. (1) Central counterparties determine, on a daily basis, and on the basis of their Rules and Regulations, the net present value of each Contract accepted in their clearing systems, and, by taking into account the amount of collateral already posted, the amount of the collateral to be to be transferred (“Variation Margin”) as well as, and in relation to any Variation Margin already posted, the amount of collateral to be returned (“return of Variation Margin”) and also the party obligated to make the transfer. Where the central counterparty, through these calculations, determines that the Bank is obligated to post or to a return Variation Margin to the central counterparty, the Bank shall be entitled to demand payment of this same amount or to directly debit this amount from the account of the Contracting PartyCounterparty. Where the central counterparty is obligated to post or return Variation Margin to the Bank, the Bank shall payprovide this same amount to the Contracting PartyCounterparty or credit this amount to its account.
(2) The timeframe within which Variation Margin must be posted may, depending upon the individual case, be set in hours – for example, where market prices are subject to rapid fluctuation. Should the Contracting PartyCounterparty fail to meet such demand to settle the negative balance, such demand to be made by telephone, fax, e-mail, in text form or any other electronic format agreed upon with the Bank, the provisions of Section 2 paragraph (4) shall apply correspondingly. ▪ Modifications: Modernisation of provision concerning formal requirements for declarations (text form), as regards text form concept under German law, see comments in DRV-2018-background paper.
(3) The parties may agree that the variation of the present value determined in accordance with paragraph 1 can also be settled by way of debiting or crediting the determined amounts to the account of the client (“Settled-to-Market-Variation Margin”). ▪
Variation Margin. The Market Value of this Agreement may be determined at any time by Barclays Bank PLC, as calculation agent (the “Calculation Agent”), in its sole reasonable discretion. The amount by which the market value of this Agreement increases or decreases from the market value of this Agreement as of the date hereof, is referred to as the “Variation Margin”. If on any date, the Calculation Agent determines that amounts would otherwise be payable in respect of Margin Excess or Margin Deficit (each as defined in the Master Repurchase Agreement) by a party, on the one hand, and that offsetting amounts are payable by the other party in respect of an increase or decrease in Variation Margin, respectively, on the other hand, then, on such date, each party’s obligation to make payment of any such amount may be netted. The Calculation Agent’s calculations and determinations shall be made in good faith and will be provided to the Seller upon request. The intent of this Section 9 is to offset the effect of a Margin Deficit or Margin Excess against Variation Margin.
Variation Margin. MSCG may, in its reasonable discretion and upon notice to TRC, require that TRC provide it with satisfactory security (“Variation Margin”) in an amount equal to MSCG’s estimate of its Exposure on any day on or prior to the third Business Day following such date of determination, subject to a minimum exposure to be mutually agreed between the Parties from time to time.
12.5.2.1 MSCG shall calculate its “Exposure” by netting the following amounts:
(i) the aggregate *****;
(ii) the ***** on any relevant day;
(iii) the difference between *****; and
(iv) the *****.
Variation Margin. Unless otherwise agreed by us, you shall immediately on demand (including on our deemed demand in accordance with Term 11.3) make variation margin payments sufficient to provide us with an amount which, when a movement adverse to a Contract entered into by you has taken place, you would lose if the Contract was closed out on the basis of our current quotation for the Exchange Rate concerned.
Variation Margin. Without prejudice to SHKB’s right of requesting the Client to settle all contracts in CGSE Products upon request, SHKB shall be entitled to call for additional margin deposits and/or security in either of the following events:
7.3.1 The current market value of the Client’s net outstanding long position with SHKB or with respect to the Account in any of the CGSE Products is below that of the aggregate contract value of the Bullion in question.
7.3.2 The current market value of the Client’s net outstanding short position with SHKB or with respect to the Account in any of the CGSE Products is above that of the aggregate contract value of the Bullion in question. Client shall, immediately upon SHKB’s call for additional margin deposits and/or security, provide SHKB with such amount of cash in such currency and/or other property as specified by SHKB.
Variation Margin. Without prejudice to SHKB’s rights as aforesaid in Clause 8.3, SHKB shall be entitled to call for additional margin deposits and/or security in either of the following events:
8.4.1 The current market value of the Client’s net outstanding long position with SHKB or with respect to the Account in Loco London Gold, Loco London Silver, Loco London Platinum, London Gold or London Silver is below that of the aggregate contract value of the Bullion in question.
8.4.2 The current market value of the Client’s net outstanding short position with SHKB or with respect to the Account in Loco London Gold, Loco London Silver, Loco London Platinum, London Gold or London Silver is above that of the aggregate contract value of the Bullion in question. Client shall, immediately upon SHKB’s call for additional margin deposits and/or security, provide SHKB with such amount of cash in such currency and/or other property as specified by SHKB.
