Common use of MARGIN REQUIREMENTS TO FILL ORDERS Clause in Contracts

MARGIN REQUIREMENTS TO FILL ORDERS. An order which involves an instruction to us to open a trade above a certain price will not ordinarily be filled unless at the time when the price reaches the relevant limit your account contains sufficient trading resources to cover the initial margin for the trade which is to be opened. We may, however, at our discretion proceed to fill such an order notwithstanding that your account has insufficient trading resources to cover the initial margin for the trade which is to be opened. In such circumstances we reserve the right at any time after the opening of the trade to require you to deposit cash in the amount of the required initial margin for that trade. Any such further cash deposits will be payable as margin in accordance with the provisions of Clause 10. A failure to make payment in the time and manner required will be an event of default. We reserve the right to refuse to open a trade in accordance with a limit order if: a. There has been an event of default; and b. In any other circumstances where we would be entitled to close the trade if it had already been opened.

MARGIN REQUIREMENTS TO FILL ORDERS. An order which involves an instruction to us to open a trade above a certain price will not ordinarily be filled unless at the time when the price reaches the relevant limit your account Account contains sufficient trading resources to cover the initial margin Margin for the trade which is to be opened. We may, however, at our discretion proceed to fill such an order notwithstanding that your account has insufficient trading resources to cover the initial margin Margin for the trade which is to be opened. In such circumstances circumstances, we reserve the right at any time after the opening of the trade to require you to deposit cash in the amount of the required initial margin Margin for that trade. Any such further cash deposits will be payable as margin Margin in accordance with the provisions of Clause 10clause 9. A failure to make payment in the time and manner required will be an event Event of defaultDefault. We reserve the right to refuse to open a trade in accordance with a limit order Limit Order if: a. There a) there has been an event Event of defaultDefault; and b. In b) in any other circumstances where we would be entitled to close the trade if it had already been opened.

MARGIN REQUIREMENTS TO FILL ORDERS. An order which involves an instruction to us to open a trade above a certain price will not ordinarily be filled f illed unless at the time when the price reaches the relevant limit your account Account contains sufficient trading resources to cover the initial margin for the trade which is to be opened. We may, however, at our discretion proceed to fill f ill such an order notwithstanding that your account Account has insufficient trading resources to cover the initial margin Initial Margin for the trade which is to be opened. In such circumstances circumstances, we reserve the right at any time after the opening of the trade to require you to deposit cash in the amount of the required initial margin Initial Margin for that trade. Any such further cash deposits will be payable as margin Margin in accordance with the provisions of Clause 10. A failure to make payment in the time and manner required will be an event of default. We reserve the right to refuse to open a trade in accordance with a limit order ifif : a. There has been an event of default; and b. In any other circumstances where we would be entitled to close the trade if it had already been opened.

MARGIN REQUIREMENTS TO FILL ORDERS. An order which involves an instruction to us to open a trade above a certain price will not ordinarily be filled unless at the time when the price reaches the relevant limit your account Account contains sufficient trading resources to cover the initial margin for the trade which is to be opened. We may, however, at our discretion proceed to fill such an order notwithstanding that your account Account has insufficient trading resources to cover the initial margin Initial Margin for the trade which is to be opened. In such circumstances we reserve the right at any time after the opening of the trade to require you to deposit cash in the amount of the required initial margin Initial Margin for that trade. Any such further cash deposits will be payable as margin Margin in accordance with the provisions of Clause 10. A failure to make payment in the time and manner required will be an event of default. We reserve the right to refuse to open a trade in accordance with a limit order if: a. There has been an event of default; and b. In any other circumstances where we would be entitled to close the trade if it had already been opened.

MARGIN REQUIREMENTS TO FILL ORDERS. An order which involves an instruction to us to open a trade above a certain price will not ordinarily be filled unless at the time when the price reaches the relevant limit your account Account contains sufficient trading resources to cover the initial margin Margin for the trade which is to be opened. We may, however, at our discretion proceed to fill such an order notwithstanding that your account has insufficient trading resources to cover the initial margin Margin for the trade which is to be opened. In such circumstances we reserve the right at any time after the opening of the trade to require you to deposit cash in the amount of the required initial margin Margin for that trade. Any such further cash deposits will be payable as margin Margin in accordance with the provisions of Clause 10clause 9. A failure to make payment in the time and manner required will be an event Event of defaultDefault. We reserve the right to refuse to open a trade in accordance with a limit order Limit Order if: a. There a) there has been an event Event of defaultDefault; and b. In b) in any other circumstances where we would be entitled to close the trade if it had already been opened.