Client Commitment. 10.1 The Client undertakes to open an account at the Company and sign all the documents in relation to purchase of securities through margin trading, including the authorization and delegation of the Company to carry out the following: First: Freezing the Client’s account and managing the sale of part or all of the securities and bonds of the Client, or liquidating the collaterals/ letters of guarantee, or selling the securities and treasury bills presented as by the Client collaterals for the transactions of margin trading Second: In case the proceeds from the sale or liquidation of the collaterals are not sufficient to cover the Client’s indebted account, the Company shall be entitled to full recourse to the Client for payment of the rest of the Client’s indebtedness in addition to all consequences incurred by the Company as a result of the Client’s non-payment including legal interests at the rate of 7% per annum.
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