Common use of Margin Arrangements Clause in Contracts

Margin Arrangements. As a condition of entering a Transaction, we may in our sole discretion require the deposit of funds or Collateral acceptable to us to secure your liability to us for any losses which may be incurred in respect of the Transaction (“Initial Margin”). Initial Margin is due and payable immediately as a condition to opening the relevant Transaction and we may decline to open any Transaction if you do not have sufficient available cash in your Account to satisfy the Initial Margin required for that Transaction at the time the relevant Order is placed. If there is an adverse movement in the price of a Transaction or Reference Asset or if we determine in our sole and absolute discretion that there is an increase in the risk of an adverse movement in the price of a Transaction or Reference Asset, we will require additional security from you in the form of cash deposits or other acceptable Collateral to supplement Initial Margin (“Variation Margin”). GCMT will charge the going market rate between 2.5 % up to 4% with respect to all deposits and market rate between 2.5 % up to 4 % with respect to all withdrawals processed by bank wire. In certain circumstances, GCMT reserves the right to pay out withdrawals at the same exchange rate the funds were deposited (minus a fee between 2.5 % up to 4% charge). GCMT has the sole right to determine when such action is required. Such a decision will be based on good faith practice.

Margin Arrangements. As a condition of entering a Transaction, we may in our sole discretion require the deposit of funds or Collateral acceptable to us to secure your liability to us for any losses which may be incurred in respect of the Transaction (“Initial Margin”). Initial Margin is due and payable immediately as a condition to opening the relevant Transaction and we may decline to open any Transaction if you do not have sufficient available cash in your Account to satisfy the Initial Margin required for that Transaction at the time the relevant Order is placed. If there is an adverse movement in the price of a Transaction or Reference Asset or if we determine in our sole and absolute discretion that there is an increase in the risk of an adverse movement in the price of a Transaction or Reference Asset, we will require additional security from you in the form of cash deposits or other acceptable Collateral to supplement Initial Margin (“Variation Margin”). Margin”).‌ GCMT will charge the going market rate between 2.5 % up to 4% with respect to all deposits and market rate between 2.5 % up to 4 % with respect to all withdrawals processed by bank wire. 49 In certain circumstances, GCMT reserves the right to pay out withdrawals at the same exchange rate the funds were deposited (minus a fee between 2.5 % up to 4% charge). GCMT has the sole right to determine when such action is required. Such a decision will be based on good faith practice.