Common use of MARGIN TRADES Clause in Contracts

MARGIN TRADES. 13.1. On the date of the opening of a Margin Trade between the Counterparty and you, the Counterparty will require you to have margin on the account held with the Counterparty in such amount confirmed to you by the Counterparty. Stockbroking and Portfolio Management (Pty) Ltd. Part of the FirstRand Group. An Authorised user of the Johannesburg Stock Exchange (JSE) and Financial Services Provider (Reg. No. 1996/011732/07). Page 10 of 17 13.2. The Counterparty’s margin requirement shall apply throughout the term of the Margin Trade. It is your responsibility continuously to ensure that sufficient margin is available on the account at any time. If practicably possible, FNB SPM shall notify you if the margin requirements are not met, via electronic communication (the “Notification”), if, at any time during the term of a Margin Trade, the margin available on the account is not sufficient to cover the Counterparty’s margin requirement as contemplated in 11.1. 13.3. You are obliged to reduce the amount of open Margin Trades or transfer adequate funds to the Counterparty within one (1) hour after the Notification has been sent. All payments in regards to a Notification must be paid as Real Time Clearing Payment. 13.4. The Counterparty may request additional margin as and when it deems it necessary on notification to you, which payment of the additional margin must be made by you immediately or by no later than the time at which the JSE market opens for trading on the day following such notification.

MARGIN TRADES. 13.1. On the date of the opening of a Margin Trade between the Counterparty and you, the Counterparty will require you to have margin on the account held with the Counterparty in such amount confirmed to you by the Counterparty. Stockbroking and Portfolio Management (Pty) Ltd. Part of the FirstRand Group. An Authorised user of the Johannesburg Stock Exchange (JSE) and Financial Services Provider (Reg. No. 1996/011732/07). Page 10 12 of 1722 13.2. The Counterparty’s margin requirement shall apply throughout the term of the Margin Trade. It is your responsibility continuously to ensure that sufficient margin is available on the account at any time. If practicably possible, FNB SPM shall notify you if the margin requirements are not met, via electronic communication (the “Notification”), if, at any time during the term of a Margin Trade, the margin available on the account is not sufficient to cover the Counterparty’s margin requirement as contemplated in 11.1. 13.3. You are obliged to reduce the amount of open Margin Trades or transfer adequate funds to the Counterparty within one (1) hour after the Notification has been sent. All payments in regards to a Notification must be paid as Real Time Clearing Payment. 13.4. The Counterparty may request additional margin as and when it deems it necessary on notification to you, which payment of the additional margin must be made by you immediately or by no later than the time at which the JSE market opens for trading on the day following such notification.