Contingent Liability. You also have a continuing Margin obligation to ensure that your Account balance, taking into account your P&L, is equal or greater than the Margin Requirements for all of your Open Positions. For the avoidance of doubt, you are obligated to maintain in your Account, at all times, sufficient funds to meet all Margin Requirements. If you believe that you cannot or will not be able to meet the Margin Requirement, you should reduce your open margined positions or transfer adequate funds to us. Where we effect or arrange a Transaction and/or Contract, involving, for instance, a Contract for Differences, you should note that, depending upon the nature of the Transaction or Contract, you may be liable to make further payments when the Transaction and/or Contract fails to be completed or upon the earlier settlement or closing out of your position. You will be required to make further variable payments by way of Margin against the purchase price of the investment, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the Market Price of your investment will affect the amount of Margin payment you will be required to make.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement Terms
