Examples of Variation Adjustments in a sentence
I/We hereby agree to deposit and maintain such Margin and meet immediately on demand all Margin calls and or demands for Variation Adjustments thereto and provide you with such guarantees and other security in such amount, form and within such time and on such terms as you may from time to time designate in relation to the Commodities Account.
The Customer shall promptly deliver any monies, securities, financial instruments, documents or other commodities or property deliverable by it under any Contract in accordance with any instructions given by the Company to meet margin calls and demands for Variation Adjustments applicable to any HKFE transaction or to meet margin requirements applicable to any Foreign Futures Exchanges.
I/We shall be liable for any consequence arising out of or in connection with my/our failure to meet immediately on demand any calls for Margin, additional Margin and/or demands for Variation Adjustments.
CFI may require more Margin or Variation Adjustments than that specified by the HKFE and/ or the clearing house of the HKFE and may close out open positions in respect of which any Margin calls and demands for Variation Adjustments are not met within the period specified by CFI at the time of making such calls or demands.
In addition, the Customer agrees, if required, CFI may report to the Regulators particulars of all open positions in respect of which two successive calls or demands (or such other number of calls or demands as may be required by the Regulators from time to time) for Margin or Variation Adjustments are not met within the period required by CFI.
The Customer undertakes not to withdraw any Margin deposited with or Variation Adjustments paid to CFI without prior consents of CFI.
Calls for Margin or demands for Variation Adjustments must be satisfied by funds or other assets acceptable to CFI free from any conditions and encumbrances.
CFI may require more Margin or Variation Adjustments than that prescribed by any exchange, clearing house or broker.
The Customer shall be liable for all loss in connection with closing out of the open positions of the Customer by CFI as aforesaid and shall indemnify CFI for all loss (including legal cost on a full indemnity basis) suffered or incurred by CFI in connection with the failure of the Customer to meet Margin calls and/or demands for Variation Adjustments of CFI pursuant to these Terms and Conditions.
CFI shall be entitled to refuse to execute any Instruction for the Customer unless and until the Margin and/or Variation Adjustments required by CFI have been deposited and maintained by the Customer.