Common use of MARGIN TRADES Clause in Contracts

MARGIN TRADES. 8.1 On the date of the opening of a Margin Trade between ▇▇▇▇ GLOBAL LIMITED and the Client, ▇▇▇▇ GLOBAL LIMITED may require the Client to have margin on the Account at least equivalent to ▇▇▇▇ GLOBAL LIMITED 's initial margin requirement. 8.2 ▇▇▇▇ GLOBAL LIMITED ’s margin requirement shall apply throughout the term of the Margin Trade. It is the Client's responsibility continuously to ensure that sufficient margin is available on the Account at any time. If practicably possible ▇▇▇▇ GLOBAL LIMITED shall notify the Client if the margin requirements are not met. If, at any time during the term of a Margin Trade, the margin available on the Account is not sufficient to cover ▇▇▇▇ GLOBAL LIMITED 's margin requirement, the Client is obliged to reduce the amount of open Margin Trades or transfer adequate funds to ▇▇▇▇ GLOBAL LIMITED . Even if the Client takes steps to reduce the size of open Margin Trades or to transfer sufficient funds to ▇▇▇▇ GLOBAL LIMITED , ▇▇▇▇ GLOBAL LIMITED may close one, several or all of the Client's Margin Trades or part of a Margin Trade and/or liquidate or sell securities or other property at the Client's account at its sole discretion without assuming any responsibility towards the Client for such action. 8.3 If ▇▇▇▇ GLOBAL LIMITED due to insufficient margin, cf. Clause 8.2, may close one, several or all of the Client's Margin Trades, the Client shall expect, unless otherwise agreed and confirmed by ▇▇▇▇ GLOBAL LIMITED that all of the Client's open Margin Trades will be closed. 8.4 If the Client has opened more than one Account, ▇▇▇▇ GLOBAL LIMITED is entitled to transfer money or Security from one Account to another, even if such transfer will necessitate the closing of Margin Trades or other trades on the Account from which the transfer takes place. 8.5 ▇▇▇▇ GLOBAL LIMITED ’s general margin requirements for different types of Margin Trades are displayed on ▇▇▇▇ GLOBAL LIMITED 's web site. However, ▇▇▇▇ GLOBAL LIMITED reserves the right to determine specific margin requirements for individual Margin Trades. 8.6 The Client is specifically made aware that the margin requirements are subject to change without notice. When a Margin Trade has been opened, ▇▇▇▇ GLOBAL LIMITED is not allowed to close the Margin Trade at its discretion but only at the Client's instruction or according to ▇▇▇▇ GLOBAL LIMITED 's rights under this Agreement. However, ▇▇▇▇ GLOBAL LIMITED will increase the margin requirements if ▇▇▇▇ GLOBAL LIMITED considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.

MARGIN TRADES. 8.1 8.1. On the date of the opening of a Margin Trade between ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC and the Client, ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC may require the Client to have margin on the Account at least equivalent to ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC 's initial margin requirement. 8.2 ▇▇▇▇ 8.2. PLM GLOBAL LIMITED MARKETS LLC ’s margin requirement shall apply throughout the term of the Margin Trade. It is the Client's responsibility continuously to ensure that sufficient margin is available on the Account at any time. If practicably possible ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC shall notify the Client if the margin requirements are not met. If, at any time during the term of a Margin Trade, the margin available on the Account is not sufficient to cover ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC 's margin requirement, the Client is obliged to reduce the amount of open Margin Trades or transfer adequate funds to ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC . Even if the Client takes steps to reduce the size of open Margin Trades or to transfer sufficient funds to ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC , ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC may close one, several or all of the Client's Margin Trades or part of a Margin Trade and/or liquidate or sell securities or other property at the Client's account at its sole discretion without assuming any responsibility towards the Client for such action. 8.3 8.3. If ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC due to insufficient margin, cf. Clause 8.2, may close one, several or all of the Client's Margin Trades, the Client shall expect, unless otherwise agreed and confirmed by ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC that all of the Client's open Margin Trades will be closed. 8.4 8.4. If the Client has opened more than one Account, ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC is entitled to transfer money or Security from one Account to another, even if such transfer will necessitate the closing of Margin Trades or other trades on the Account from which the transfer takes place. 8.5 ▇▇▇▇ 8.5. PLM GLOBAL LIMITED MARKETS LLC ’s general margin requirements for different types of Margin Trades are displayed on ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC 's web site. However, ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC reserves the right to determine specific margin requirements for individual Margin Trades. 8.6 8.6. The Client is specifically made aware that the margin requirements are subject to change without notice. When a Margin Trade has been opened, ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC is not allowed to close the Margin Trade at its discretion but only at the Client's instruction or according to ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC 's rights under this Agreement. However, ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC will increase the margin requirements if ▇▇▇▇ PLM GLOBAL LIMITED MARKETS LLC considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.