Common use of Margin Requirement Clause in Contracts

Margin Requirement. 4.1 The Client agrees to provide KGI Asia with Margin as may be agreed from time to time, as security for the Client’s obligations to KGI Asia under this Client Agreement; such Margin shall be paid or delivered as demanded by KGI Asia from time to time; and the amounts required by way of Margin shall not be less than, but may exceed, the amounts as may be required by the Rules in respect of the Client’s open positions and delivery obligations, and further Margin may be required to reflect changes in market value. 4.2 If KGI Asia accepts Securities by way of Margin, the Client will on request provide KGI Asia with such authority as KGI Asia may require under the Rules to authorize KGI Asia to deliver such Securities, directly or through another Options Exchange Participant, to SEOCH as SEOCH Collateral in respect of Exchange Traded Options Business resulting from the Client’s Instructions to KGI Asia; and KGI Asia does not have any further authority from the Client to borrow or lend the Client’s Securities or otherwise part with possession (except to the Client or on the Client’s Instructions) of any of the Client’s Securities for any other purpose.

Margin Requirement. 4.1 The Client agrees to provide KGI Asia with Margin ▇▇▇▇▇▇ as may be agreed from time to time, as security for the Client’s obligations to KGI Asia under this Client Agreement; such Margin shall be paid or delivered as demanded by KGI Asia from time to time; and the amounts required by way of Margin shall not be less than, but may exceed, the amounts as may be required by the Rules in respect of the Client’s open positions and delivery obligations, and further Margin may be required to reflect changes in market value. 4.2 If KGI Asia accepts Securities by way of Margin, the Client will on request provide KGI Asia with such authority as KGI Asia may require under the Rules to authorize KGI Asia to deliver such Securities, directly or through another Options Exchange Participant, to SEOCH as SEOCH Collateral in respect of Exchange Traded Options Business resulting from the Client’s Instructions to KGI Asia; and KGI Asia does not have any further authority from the Client to borrow or lend the Client’s Securities or otherwise part with possession (except to the Client or on the Client’s Instructions) of any of the Client’s Securities for any other purpose.