Securities Margin definition
Examples of Securities Margin in a sentence
On the date on which any Transaction is entered into pursuant hereto, and on each day on which Securities, Equivalent Securities, Margin Securities or Equivalent Margin Securities are to be transferred under any Transaction, Buyer and Seller shall each be deemed to repeat all the foregoing representations.
If such transfer is made to satisfy an Obligation under a repurchase agreement, global master repurchase agreement, or global master repurchase agreement, then such Margin or property shall be treated as Additional Purchase Securities, Margin Securities or Collateral, as such terms are defined under the BMA, TBMA/ISMA or ISLA form, respectively.
For the avoidance of doubt, if a debit balance arises on the Client’s Securities Margin Account or any other margin account held with any member of the China Galaxy International, Galaxy International Securities shall not be, nor shall it be deemed to be, obliged to make, provide or continue to provide Financial Accommodation.
On the date on which any Transaction is entered into pursuant hereto, and on each day on which Securities, Equivalent Securities, Margin Securities or Equivalent Margin Securities are to be transferred under any Transaction, the Buyer and the Seller shall each be deemed to repeat all the foregoing representations.
Without prejudice of the generality of the preceding sentence, with respect to the Securities Margin, the Customer further represents and warrants that they are freely transferable and have been deposited in the securities account for trading at VSD, are not warned, controlled, or suspended from trading on the Stock Exchanges, are not issued by the issuers being in process of liquidation, dissolution, bankruptcy, consolidation or mergers, and are not pledged, blocked, or sequestered at VSD.
Accordingly where the Client has now opened or hereafter opens both a securities cash account and a securities margin account with Hafoo, the relationship between the two parties shall be governed by both the Securities Cash Account Agreement and the Securities Margin Account Agreement.
Where the Client has now opened or hereafter opens any securities margin account with Hafoo, in so far as such securities margin account is concerned this Agreement is also termed Securities Margin Account Agreement.
The discount rate of the Securities Margin shall be determined by MBKE from time to time to be in line with the regulations of VSD.
The Accountholder may give the Bank Instructions to buy Securities on its behalf in the Securities Margin Account.
For the avoidance of doubt, amounts available for release shall be reduced by the amount of any outstanding margin calls, and Broker will comply with Customer’s request to release Collateral from the Special Custody Account, only to the extent that such release will not cause a Securities Margin Deficiency.