Common use of WITHDRAWING CREDIT FROM YOUR ACCOUNT Clause in Contracts

WITHDRAWING CREDIT FROM YOUR ACCOUNT. When your Account is in credit, you may request that we effect payment by alternative means of the amount in credit of such amount as you may specify. But, we may at our discretion withhold from the amount of the credit balance if: (a) any overnight Position on your Account shows a notional loss; (b) we consider that further amounts may be required to meet any current or future margin requirement on open Positions due to Underlying Market conditions; (c) if you have any contingent liability to us (or to any of our associates), in respect of any other Account open with us; (d) we determine that there is an unresolved dispute between us and you in connection with this Client Agreement or any Positions; or (e) we consider it necessary or desirable to withhold such amount to comply with our regulatory or legal obligations,

Appears in 6 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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