Common use of CLOSURE OF POSITIONS Clause in Contracts

CLOSURE OF POSITIONS. 13.1 Without prejudice to any other provisions herein, the Client understands, and agrees herewith that the Company reserves the right to close open positions automatically if their equity falls below 50% of the margin requirement. Such open positions are closed at the current market price. 13.2 The company aims to notify the Client that they are on margin call before the Company stars automatically closing such open positions by sending a notification email when the Client’s equity falls below 100%. However, as markets move fast, the Client understands and agrees that the Company may not be able to contact the client on time and before their positions get closed.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement

CLOSURE OF POSITIONS. 13.1 12.1. Without prejudice to any other provisions herein, the Client understands, and agrees herewith that the Company reserves the right to close open positions automatically if their equity falls below 50% of the margin requirement. Such open positions are closed at the current market price. 13.2 12.2. The company aims to notify the Client that they are on margin call before the Company stars automatically closing such open positions by sending a notification email when the Client’s equity falls below 100%. However, as markets move fast, the Client understands and agrees that the Company may not be able to contact the client on time and before their positions get closed.

Appears in 1 contract

Sources: Client Agreement

CLOSURE OF POSITIONS. 13.1 ‌ 15.1. Without prejudice to any other provisions herein, the Client understands, and agrees herewith that the Company reserves the right to close open positions automatically if their equity falls below 50% of the margin requirement. Such open positions are closed at the current market price. 13.2 15.2. The company aims to notify the Client that they are on margin call before the Company stars automatically closing such open positions by sending a notification email when the Client’s equity falls below 100%. However, as markets move fast, the Client understands and agrees that the Company may not be able to contact the client on time and before their positions get closed.

Appears in 1 contract

Sources: Client Agreement