Debit Money definition
Examples of Debit Money in a sentence
The applicable Debit Money Limit is specified in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information.
The applicable Debit Securities Limit is specified in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information.
In cases arising, this could mean that Client has to close positions in Financial Instruments directly or to limit the use of Debit Money or Debit Securities.
If Client wants to be allowed to have a negative balance in money with DEGIRO, then Client must enter into the Appendix Debit Money with DEGIRO besides and in addition to the Investment Services Agreement.
Client is not permitted to have a negative balance in money in any currency on the Personal Page unless ▇▇▇▇▇▇ has agreed to provide Debit Money and an Appendix Debit Money applies between Parties in relation to that Personal Page.
Further details on the procedure when Limits are breached are given in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information.
If only the Debit Money Limit is breached at any moment and this breach is solely the direct result of the collection by DEGIRO of its own compensation, a term of ten Trading Days applies before DEGIRO will close or sell positions of Client to undo the breach.
It is then the responsibility of Client to timely have available sufficient balance in the Money Market Fund in the required Foreign Currency or credit space under an Appendix Debit Money in order to fulfil its payment obligations in such Foreign Currency.
If client makes use of the Foreign Currency Cash Account, it is the responsibility of Client to timely have available sufficient balance in the Foreign Currency Cash Account in the required Foreign Currency or credit space under an Appendix Debit Money in order to fulfil its payment obligations in such Foreign Currency.
All Instructions, all transactions between Client and DEGIRO, all positions in money and Financial Instruments on all Personal Pages, the Investment Services Information and, if applicable, the Appendix Derivatives, the Appendix Debit Money and the Appendix Debit Securities and potential other agreements of which Parties agree that these are part of the Client Agreement, including any powers of attorney granted by the Client to DEGIRO in relation thereto, together form one single agreement.