Position Limits. We may require you to limit the number of open positions which you may have with us at any time and we may in our sole discretion close out any one or more Transactions in order to ensure that such position limits are maintained.
Position Limits. (a) The Trust, on behalf of the Customer, agrees to comply with the position limits established by Relevant Law, to notify DBSI promptly if it is required to file any position report and, upon request, promptly to provide copies of any such reports to DBSI.
Position Limits. Customer shall not, either alone or in combination with others, violate any position or exercise limit established by or under Applicable Law. If Customer intends at any time to exceed such position limits, Customer shall cause to be filed an application with the CFTC or the relevant contract market requesting authorization for Customer to exceed such position limits and shall provide UBS-S LLC with a copy of such application and such other information as UBS-S LLC may reasonably request with respect to such application. Customer shall immediately (and no later than within one business day) notify UBS-S LLC of any positions for which Customer is required to file reports under Applicable Law, including any large trader reports filed with the CFTC or any contract market. Customer shall indemnify and hold UBS-S LLC harmless from and against all claims, damages, fines or assessments of any kind whatsoever, including reasonable attorneys' fees in connection with the defense thereof, made and incurred in connection with any violation by Customer of its obligations under this Section 5(b).
Position Limits. IBIE may choose to or may be required to limit the number of contracts which you might have with us at any time and IBIE may in its sole discretion close out any one or more contracts in order to ensure that such position limits are maintained.
Position Limits. (a) Customer agrees to comply with the position limits established by Relevant Law, to notify DBSI promptly if it is required to file any position report and, upon request, promptly to provide copies of any such reports to DBSI.
Position Limits. Each party acknowledges and agrees to be bound by the Conduct Rules of the Financial Industry Regulatory Authority, Inc. applicable to transactions in options, and further agrees not to violate the position and exercise limits set forth therein.]
Position Limits. Goldman shall have the right, whenever in its discretion it deems it necessary, to limit the size and number of open Contracts (net or gross) that Goldman will at any time execute, clear and/or carry for Customer, to require Customer to reduce open positions carried with Goldman, and to refuse acceptance of orders to establish new positions. Customer shall comply with all position limit rules imposed by Applicable Law. Customer shall promptly notify Goldman if Customer is required to file any position report with any regulatory or self-regulatory authority and shall promptly file and provide Goldman with copies of any such report.
Position Limits. 2.1 The Position Limits and LOPR Rules say that you may not hold or control futures contracts or stock options contracts in excess of the prescribed limit. Upon prior authorization obtained pursuant to the rules, a person may be authorized to hold or control futures contracts or stock option contracts in excess of the prescribed limit. Please refer to the Position Limits and LOPR Rules and the Guidance Notes for more details and respective requirements.
Position Limits. The Hong Kong Rules say that the Client may not hold or control futures contracts or stock options contracts in excess of the prescribed limit, unless the Client has obtained the prior authorisation of the Hong Kong regulators. For example, the prescribed limit for Hang Seng Index futures and options contracts and Mini-Hang Seng Index futures and options contracts is 10,000 long or short position delta limit for all contract months combined, provided the position delta for the Mini-Hang Seng Index futures contracts or Mini-Hang Seng Index options contracts shall not at any time exceed 2,000 long or short for all contract months combined. For many futures contracts and stock options contracts, the position limit is set at 5,000 contracts for any one contract/expiry month. The prescribed limit for each contract traded on the Hong Kong exchanges is set out in the Hong Kong Rules.
Position Limits. (a) DBSI has established limits on the type of Contracts and other Contract parameters (“Contract Type Limits”), as well as the size and number of open Contracts (net and/or gross) that Customer may execute, clear and/or carry with it on a daily basis (“Daily Position Limits”) and on an overall basis (“Aggregate Position Limits”, together with Daily Position Limits, “Position Limits”). Contract Type Limits and Position Limits may be more restrictive than the limits imposed under Applicable Law (if any) and, with respect to Position Limits, may be set to zero. For the avoidance of doubt, DBSI may set different Position Limits for one or more types of Contracts. Subject to Section 14(n) of this Agreement, DBSI shall have the right to establish new and amend and/or modify any then existing: (i) Daily Position Limits, upon one (1) Business Day notice to Customer; and (ii) Contract Type Limits and/or Aggregate Position Limits, upon 30 calendar days’ prior written notice to Customer (each such period, a “Limit Change Notice Period”). For avoidance of doubt, a new Daily Position Limit will not require Customer to reduce or close open positions that were within the limits imposed as of the date Customer entered into such positions. Customer agrees that it will not place any order, which, if filled, would cause Customer to violate any Contract Type Limit or exceed any Position Limit at the time of the relevant trade, as the same may have been established, amended and/or modified from time to time. DBSI may require Customer to liquidate any open positions carried in the Account in order to comply with such Contract Type Limits or Aggregate Position Limits (as they may be amended from time to time) or may refuse to accept any order of Customer establishing a new position in order to comply with such Contract Type Limits or Position Limits (as they may be amended from time to time). Without in any way limiting any then existing Contract Type Limits and Position Limits, upon the commencement of a Limit Change Notice Period, Customer shall only execute, clear and/or carry positions with DBSI that are risk-reducing, as determined by DBSI in its sole discretion. At all times on and from the earlier of (i) the first Business Day after the Limit Change Notice Period and (ii) the first date on which the portfolio of Contracts is in compliance with such new, amended and/or modified Contract Type Limits and/or Position Limits, as applicable, the portfolio of Contracts shall be...
