Trading on Margin. 5.1 The Client agrees and undertakes that the equity must be, in any case, equal or more than the total margin requirement of the Client’s account; moreover, the Company shall have the right to liquidate the account assets and/or notify the Client of the need to make margin deposits promptly by bank transfer of available funds, or by any other means that the Company may find if the cash-to-margin ratio is less than the ratios mentioned in this clause and/or the ratios agreed upon with the Company. 5.2 To avoid any ambiguity or doubt, the liquidation of account assets may be conducted and completed at any time and if the equity is equal to or less than the total margin requirement of the Client’s account regardless of the settlement timing and/or relevant market conditions, the Company reserves the right to modify the ratio of liquidation of account assets to Cash Margin 20% or less for any account type and any other ration the Company deems appropriate. The Client shall be notified of such modification via the trading policies announced from time to time on the Company's Website, which are an integral part of the Agreement. 5.3 If the Client holds one or two accounts of any kind, the Client acknowledges and agrees that they owe the Company with a negative balance, if any; in this case, the Client agrees that the Company has the right to make a settlement between the accounts and set-off to cover the negative balance from other accounts or new deposits. 5.4 The Client acknowledges that the margin cash requirement is a guarantee for each buy and sell order depends on the margin financing ratio applied to the Client Account. 5.5 The failure of the Company at any time to request and/or notify the Client to deposit cash to maintain the margin ratio shall not constitute a waiver of the Company’s rights to do so at any time thereafter and shall not constitute any liability of the Company towards the Client. 5.6 The Client agrees that the margin requirements may be changed by the Company and that such change shall apply to all buy and sell orders in addition to the transactions that will be taken place in the future. 5.7 In such cases where the Client does not meet his obligations towards the margin requirements, the Client Account becomes subject to suspension and liquidation under clause 11 below.
Appears in 3 contracts
Sources: Financial Brokerage Agreement, Financial Brokerage Agreement, Financial Brokerage Agreement