Margin Trade definition
Examples of Margin Trade in a sentence
When a Margin Trade has been opened, the Company is not allowed to close the Margin Trade at its discretion but only at the Customer's instruction or according to the Company's rights under this Agreement.
When calculating margin or other funds required for such Margin Trade, the Company is entitled to do so on the basis that the Company's view of the disputed events or instructions is correct.
The Company shall not be responsible to the Customer in connection with any subsequent fluctuations in the level of the relevant Margin Trade.
If the Company closes a Margin Trade under this Clause such action shall be without prejudice to the Company’s right to contend that such Margin Trade had already been closed by the Company or was never opened by the Customer.
If, at any time during the term of a Margin Trade, the margin available on the Account is not sufficient to cover the Company's margin requirement, the Customer is obliged to reduce the amount of open Margin Trades or transfer adequate funds to the Company.
However, will increase the margin requirements if the Company considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.
Where the Company closes a Margin Trade or alleged Margin Trade in accordance with this Clause, the closing shall be without prejudice to the Customer's rights to open a new Margin Trade, provided that such Margin Trade is opened in accordance with this Agreement.
Even if the Client takes steps to reduce the size of open Margin Trades or to transfer sufficient funds to Tickmill Ltd, Tickmill Ltd may close one, several or all of the Client's Margin Trades or part of a Margin Trade and/or liquidate or sell securities or other property at the Client's account at its sole discretion without assuming any responsibility towards the Client for such action.
However, Tickmill Ltd will increase the margin requirements if Tickmill Ltd considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.
Where Tickmill Ltd closes a Margin Trade or alleged Margin Trade in accordance with this Clause, the closing shall be without prejudice to the Client's rights to open a new Margin Trade, provided that such Margin Trade is opened in accordance with this Agreement.