Common use of Return of Variation Margin Clause in Contracts

Return of Variation Margin. If the unrealised loss of all open Orders with Corpay Singapore by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on Corpay’s computation on any Business Day, then Client may request that Corpay Singapore return to it the difference between the unrealised loss of all open Orders and the Variation Margin held by Corpay Singapore on that Business Day. Any such request must be made, in writing, before 12 p.m., Corpay Local Time, on the same Business Day, and Corpay Singapore will process the request on the Business Day on which it was made and the surplus Variation ▇▇▇▇▇▇ will be returned in a timely manner. Any request made after 12 p.m., Corpay Local Time, will be processed by Corpay the following Business Day and the surplus Variation ▇▇▇▇▇▇ will be returned to Client in a timely manner.