Common use of Initial Margin Requirement Clause in Contracts

Initial Margin Requirement. Corpay Singapore may, in its sole discretion, require Client: 8.1.1. to provide Initial Margin in relation to any Option Contract or Forward Contract within twenty-four (24) hours of Client’s instructions to enter into an Option Contract or Forward Contract; and/or 8.1.2. to provide Initial Margin, if not already provided, within one (1) clear Business Day at any time during the term of an Option Contract or Forward Contract.