FOREIGN EXCHANGE AND DERIVATIVES. 1.1 Effect of "Leverage" or "Gearing" Transactions in foreign exchange and derivatives carry a high degree of risk. The amount of initial margin may be small relative to the value of the foreign exchange or derivatives contract so that transactions are "leveraged" or "geared". A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with Aglobe Investments Ltd to maintain your position. If the market moves against your position and/or margin requirements are increased, you may be called upon to deposit additional funds on short notice to maintain your position. Failing to comply with a request for a deposit of additional funds, may result in closure of your position(s) by Aglobe Investments Ltd on your behalf and you will be liable for any resulting loss or deficit.
FOREIGN EXCHANGE AND DERIVATIVES. 12.1 No member of the ntl Group has any assets or liabilities which are to be allocated to the Broadcast Business and which could reasonably be expected to give rise to exchange gains or exchange losses as those terms are defined in section 103(1A) Finance Xxx 0000 for the purposes of the loan relationships provisions in Chapter II of Part IV of that Act.
