Examples of Margin Close Out in a sentence
If the Margin Level for your Account reaches or falls below the Margin Close Out Level, this will be classified as an Event of Default under clause 17.
In such circumstances we may, among other things, (i) close all or any of your Open Positions immediately and without notice, and/or (ii) refuse to execute new Trades until your Margin Level exceeds the Margin Close Out Level.
It is your responsibility to monitor your Account(s) at all times and to maintain your Margin Level above the Margin Close Out Level.
We have the right to change this Margin Close Out level at our discretion.
This means that if your Margin Level falls below the Margin Close Out level of 50%, you will receive a stop out and your open positions will start liquidating, without any notice by us to you, starting from the position with the highest losses.
It is your responsibilityto monitor your Account(s) at all times and to maintain your Margin Level above the Margin Close Out Level.
The process that we normally put into effect upon your Margin Close Out Level being triggered is set out below.
If your Margin Close Out Level is triggered, we shall in the first instance cancel all your working Orders to reduce your Total Margin Required on your Account.
This means that if your Margin Level reaches or falls below the Margin Close Out level of 50%, you will receive a stop out and your open positions will start liquidating, without any notice by us to you, starting from the position with the highest losses.
Margin Close out Level (Stop Out) Stop Out Level is when your Margin Level falls to a specific percentage (%) level in which all your open positions are closed automatically (“liquidated”) If your Margin Covered Percentage is at or below the Margin Close Out Level, this is an Event of Default under our Terms of Business, and we will be entitled to cancel any of your working Orders and/or close all or any of your open trades without notice to you.