Common use of Equities Clause in Contracts

Equities. The minimum volume of the transaction is one share or one unit of Financial Instrument. A possible choice of a leverage rate generally ranges from 1:1 up to 1:20, at the discretion of the Company. At the opening of a Client trading account, the leverage rate is set by default to 1:4. The client can request a different leverage, which may be provided after the Company’s approval. The Company’s Risk Management Department is monitoring the Clients account leverage on a continuous basis, and, in case where account remains excessively leveraged after the trading hours, the Company has the right to close part or all of the Client’s open positions. The cost related to such an adjustment in the Clients account shall be payable by the Client. The Company is committed to putting its best efforts to inform the client beforehand of such an adjustment either by phone, email or SMS message. At the Company’s discretion, the Client may benefit of a higher intraday buying power.

Appears in 3 contracts

Sources: Investment Services Agreement, Investment Services Agreement, Investment Services Agreement