Initial Margin. Initial Margin is the amount debited from the Client account as soon as a new position is opened or an order is placed to open a new position. This acts as a security buffer and protects us in the event of Client default. Typically SMFX will require an Initial Margin calculated as a percentage of the contract value. The Initial Margin will vary depending on the Contact traded. The initial margin is determined at SMFX discretion mostly by the liquidity of the underlying asset on which the product is based. Once the Client is trading, the daily statement will show the Margin requirement for Total Margin Requirement i.e. combined Margins of all Contracts. SMFX advises the Initial Margin rates on the website and electronic trading platform. Initial Margin is debited from the Client Account at the the time a Pending Order is executed, if there is not sufficient equity the Pending Order will not be executed and will be deleted.
Appears in 2 contracts
Samples: Client Services Agreement, Client Services Agreement
Initial Margin. Initial Margin is the amount debited from the Client account as soon as a new position is opened or an order is placed to open a new position. This acts as a security buffer and protects us in the event of Client default. Typically SMFX SPFX will require an Initial Margin calculated as a percentage of the contract value. The Initial Margin will vary depending on the Contact traded. The initial margin is determined at SMFX SPFX discretion mostly by the liquidity of the underlying asset on which the product is based. Once the Client is trading, the daily statement will show the Margin requirement for Total Margin Requirement i.e. combined Margins of all Contracts. SMFX SPFX advises the Initial Margin rates on the website and electronic trading platform. Initial Margin is debited from the Client Account at the the time a Pending Order is executed, if there is not sufficient equity the Pending Order will not be executed and will be deleted.
Appears in 1 contract
Samples: solidaryprime.com
Initial Margin. Initial Margin is the amount debited from the Client account as soon as a new position is opened or an order is placed to open a new position. This acts as a security buffer and protects us in the event of Client default. Typically SMFX LCM will require an Initial Margin calculated as a percentage of the contract value. The Initial Margin will vary depending on the Contact traded. The initial margin is determined at SMFX LCM‟s discretion mostly by the liquidity of the underlying asset on which the product is based. Once the Client is trading, the daily statement will show the Margin requirement for Total Margin Requirement i.e. combined Margins of all Contracts. SMFX LCM advises the Initial Margin rates on the website and electronic trading platform. Initial Margin is debited from the Client Account at the the time a Pending Order is executed, if there is not sufficient equity the Pending Order will not be executed and will be deleted.
Appears in 1 contract
Samples: General Terms and Conditions