CFD Initial Margin definition
CFD Initial Margin refers to the initial collateral required to be deposited by the Client with UOBKH, which shall be used to maintain a position in any CFD and which is marked to market based on the Last Traded Price of the CFD Underlying Instrument;
CFD Initial Margin means the amount in the relevant Currency payable on the Client’s sale or purchase of a new CFD, being an amount calculated by Clarity as: