Step Up Margin means the rate per annum specified in the applicable Final Terms; and
Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.
Retail margin means an amount, reflecting differences in
Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).
First Margin means the margin specified as such in the applicable Final Terms; "First Reset Date" means the date specified in the applicable Final Terms;
Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].
Interest Margin or "rm" means the percentage specified as such in the table below. The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than the Minimum Interest Margin and will not exceed the Maximum Interest Margin;
Necessary Margin for CFD trading shall mean the necessary margin required by the Company so as to maintain Open Positions.
LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).
Applicable Margin means:
Base Rate Margin has the meaning set forth in the definition of Applicable Margin.
EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.
Hedged Margin for CFD trading shall mean the necessary margin required by the Company so as to open and maintain Matched Positions.