Securities margin account. 1.1 You may request us to open a securities margin account. You may give us instructions to buy securities on your behalf. For each transaction, you will pay an initial cash margin set by us. We may at our discretion accept or decline your instructions. If we accept your instructions, we will finance the balance of the price payable for the securities by way of a loan to you. All purchased securities will be held in your margin account.
1.2 We may at any time, without notice, change the type or issue of securities which we will buy for your margin account, the amount of margins required, or the amount of the loan available in your margin account.
1.3 All amounts owing by you on your margin account are repayable on demand.
1.4 We may not have time to check whether you have not paid the initial cash margin or have exceeded the undrawn amount of the available loan in the margin account. If either of the foregoing occurs, we may without notice cancel the instruction or sell the purchased securities. You will indemnify us against all reasonable losses and expenses.
1.5 Upon termination of your margin account for any reason, you will repay all debit balance together with interest thereon.
