Common use of EMIR Clause in Contracts

EMIR. In accordance with the European Market Infrastructure Regulation (EMIR), you are classified as a “NFC-“(a Non- Financial Counterparty to whom the EMIR clearing obligation does not apply) ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇▇▇▇.▇▇/regulation/post- trading/non-financialcounterparties-nfcs Accordingly, HYCM has the contractual right to terminate any open CFDs and claim any resulting losses (including, without limitation, by appropriating the posted margin) if this classification is, or subsequently becomes, incorrect.

Appears in 2 contracts

Sources: Customer Agreement for Retail Clients, Customer Agreement for Retail Clients

EMIR. In accordance with the European Market Infrastructure Regulation (EMIR), you are classified as a “NFC-“(a Non- Financial Counterparty to whom the EMIR clearing obligation does not apply) ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇▇▇▇.▇▇/regulation/post- trading/non-financialcounterparties-nfcs Accordingly, HYCM HCM GROUP has the contractual right to terminate any open CFDs and claim any resulting losses (including, without limitation, by appropriating the posted margin) if this classification is, or subsequently becomes, incorrect.

Appears in 1 contract

Sources: Customer Agreement for Retail Clients