Variation Margin Requirement Clause Samples

The Variation Margin Requirement clause obligates parties in a derivatives contract to regularly exchange collateral reflecting changes in the market value of their positions. This clause typically requires daily calculation of exposures and prompt transfer of additional margin if the market moves against a party, ensuring that each side maintains sufficient collateral to cover current risk. Its core function is to mitigate counterparty credit risk by ensuring that unrealized gains and losses are adequately secured as market values fluctuate.
Variation Margin Requirement. If AFEX determines, in its sole discretion, that the net market value of all of Client’s open Orders has declined and the unrealized loss when marked to market exceeds 10% or an alternative percentage or fixed amount as AFEX may advise, of the notional value of the open Orders. Client is required to post with AFEX Variation Margin as stated in the Margin Call issued by AFEX. Each time the net market value of all of Client’s open Orders declines and the unrealized loss when marked to market further increases, AFEX may issue a Margin Call whereby Client is required to post additional Variation Margin in the amount stated in the Margin Call within one (1) clear Business Day. Payment of Variation Margin is due on or before the close of business on the next Business Day after the day AFEX issues Margin Call to Client.
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Variation Margin Requirement. If Corpay determines, in its sole discretion, that the net market value of all of Client’s open Orders has declined and the unrealised loss when marked to market exceeds 7.5% or an alternative percentage or fixed amount as Corpay may advise, of the notional value of the open Orders, Client is required to post Variation Margin as stated in the Margin Call issued by Corpay. Each time the net market value of all of Client’s open Orders declines and the unrealised loss when marked to market further increases, Corpay may issue a Margin Call whereby Client is required to post additional Variation Margin in the amount stated in the Margin Call within one (1) clear Business Day. Payment of Variation Margin is due on or before the close of business on the next Business Day after the day Corpay issues Margin Call to Client.
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Variation Margin Requirement. If Argentex determines, in its sole discretion, that the net market value of all of Client’s open Transactions (i.e., on a portfolio basis) has
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Variation Margin Requirement. If Corpay Singapore determines, in its sole discretion, that the net market value of all of Client’s open Orders has declined and the unrealised loss when marked to market exceeds 10% or an alternative percentage or fixed amount as Corpay Singapore may advise, of the notional value of the open Orders, Client is required to post Variation Margin as stated in the Margin Call issued by Corpay Singapore. Each time the net market value of all of Client’s open Orders declines and the unrealised loss when marked to market further increases, Corpay may issue a Margin Call whereby Client is required to post additional Variation Margin in the amount stated in the Margin Call within one (1) clear Business Day. Payment of Variation Margin is due on or before the close of business on the next Business Day after the day Corpay Singapore issues the Margin Call to Client.
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Variation Margin Requirement. If Cambridge determines, in its sole discretion, that the net market value of all of Client’s open Orders has declined and the unrealized loss when marked to market exceeds 10% or an alternative percentage or fixed amount as Cambridge may advise, of the notional value of the open Orders, Client is required to post Variation Margin with Cambridge as stated in the Margin Call issued by Cambridge. Each time the net market value of all of Client’s open Orders declines and the unrealized loss when marked to market further increases, Cambridge may issue a Margin Call whereby Client is required to post with Cambridge additional Variation Margin in the amount stated in the Margin Call within one (1) clear Business Day. Payment of Variation Margin is due on or before the close of business on the next Business Day after the day Cambridge issues Margin Call to Client.
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Variation Margin Requirement. If AFEX determines, in its sole discretion, that the net market value of all of Client’s open Orders has declined and the unrealised loss when marked to market exceeds 7.5% or an alternative percentage or fixed amount as AFEX may advise, of the notional value of the open Orders, Client is required to post Variation Margin as stated in the Margin Call issued by AFEX.
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Variation Margin Requirement. If CMRM determines, in its sole discretion, that the net market value of all of Client’s open Orders or any other open order Client has with Corpay (including, for the avoidance of doubt, orders with CMC UK) (together “Corpay Orders”) has declined and the unrealized loss when marked to market exceeds 10% or an alternative percentage or fixed amount as CMRM may indicate, of the notional value of the open Corpay Orders, Client is required to post with Corpay Variation Margin as stated in the Margin Call issued by Corpay. Each time the net market value of all of Client’s open Corpay Orders declines and the unrealized loss when marked to market further increases, Corpay may issue a Margin Call whereby Client is required to post additional Variation Margin in the amount stated in the Margin Call within one (1) clear Business Day. Payment of Variation Margin is due on or before the close of business on the next Business Day after the day CMRM issues Margin Call to Client. All Initial Margin and Variation Margin posted to CMRM shall be treated as being held in respect of CMRM’s MiFID business.
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Related to Variation Margin Requirement

  • Margin Requirements 10.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as the Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of CFD. 10.2 It is the Client’s responsibility to ensure that he understands how a Margin is calculated. 10.3 The Company has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open Positions/trades; which may be declared through an internal mail message or on the company’s Corporate website, unless a Force Majeure Event has occurred. 10.4 The Company has the right to change Margin requirements without prior Written Notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions, which are already open. 10.5 If at any time Equity is less than 20% of the Necessary Margin, the Company has the right to close any or all of the Client’s Open Positions at any time without the Client’s consent or any prior Written Notice to him. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the Currency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market. 10.6 The Client has the responsibility to notify the Company as soon as he believes that he will be unable to meet a Margin payment when due. 10.7 The Company has no obligation to make Margin Calls for the Client. 10.8 Where the Company effects or arranges a Transaction involving an Instrument, the Client should note that, depending upon the nature of the Transaction, he may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the Instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated Transactions under this Agreement. 10.9 Any account on Margin call needs to be cautious of equity as the account will be stopped out by closing all Open Positions as the equity reaches 20 % equity to margin level: all pending orders for the stopped-out account will be deleted, and any deficit that may result after liquidation will be handled and covered by the client 10.10 If the Client breaches clause 10.9., the Company has the right to close partially or totally the Clients Open Positions in order for the client Account to go above the required percentage 10.11 ▇▇▇▇▇▇ can be transferred to the company via bank wire transfer or any of the applied deposits methods. 10.12 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.

  • Information Requirement The successful bidder's shall be required to advise the Office of Management and Budget, Government Support Services of the gross amount of purchases made as a result of the contract.

  • Abbreviated Documentation Requirements Compile and submit:

  • Documentation Requirements ODM shall pay the MCP after it receives sufficient documentation, as determined by ODM, detailing the MCP’s Ohio Medicaid-specific liability for the Annual Fee. The MCP shall provide documentation that includes the following: 1. Total premiums reported on IRS Form 8963;

  • Satisfaction Requirement If any agreement, certificate or other writing, or any action taken or to be taken, is by the terms of this Agreement required to be satisfactory to any Purchaser, to any holder of Notes or to the Required Holder(s), the determination of such satisfaction shall be made by such Purchaser, such holder or the Required Holder(s), as the case may be, in the sole and exclusive judgment (exercised in good faith) of the Person or Persons making such determination.