Margin Account. 4.1 The Margin Account shall be used for the purchase and sale of Marginable Securities in accordance with the terms of this Agreement and for the carrying of Securities and Singapore dollars to be used as Margin. The Company may at its sole discretion do whatever it considers necessary or desirable including but not limited to the sale of any other Securities which are not Marginable Securities. 4.2 The Client acknowledges and agrees that the operation of and all transactions carried out under the Margin Account shall at all times be conducted in accordance with the rules, regulations, custom and usage of the SGX-ST, CDP, SCCS, the Securities and Futures Act (Chapter 289) (“SFA”), the Securities and Futures (Licensing and Conduct of Business) Regulations (“SFR”), SGX-ST Rules and any other relevant law, as the same may be amended, modified or supplemented from time to time and all other relevant laws, rules, bye-laws, regulations, custom and usage of any other stock exchange or market on which such transactions are executed by the Company. 4.3 All securities transactions carried out under the Margin Account shall be effected by any of the Trading Representatives and/or the Client and shall be executed as ready bargains for ready delivery and shall be due on the third Market Day following the date of transaction. 4.4 The Company may at its absolute discretion and at any time review and vary this Agreement and insert such new terms herein or vary the Margin requirements or the Margin Facility granted to the Client by giving not less than three (3) days' notice to the Client. The Client shall be deemed to have agreed to such variations and/or insertions thereof unless the Client otherwise expressly notifies the Company in writing within three (3) Business Days of receipt of such notice.
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Sources: Margin Facility Agreement, Margin Facility Agreement