Common use of LIQUIDATION LEVEL Clause in Contracts

LIQUIDATION LEVEL. 6.1. Subject to all additional rights of ▇▇▇▇▇.▇▇▇ Canada under the Agreement, in the event that, in the sole opinion of ▇▇▇▇▇.▇▇▇ Canada and in accordance with ▇▇▇▇▇.▇▇▇ Canada’s reasonable best estimate of the then prevailing obtainable market Spot Rates, and regardless of whether or not prior Margin Calls have been issued or met, if the Margin Balance should at any time equal or fall below the Minimum Margin Requirement for Customer’s Account in the aggregate, ▇▇▇▇▇.▇▇▇ Canada will have the right but not the obligation to liquidate any part of or all Open Positions in Customer’s Account. Customers are responsible for placing their own Stop Loss Orders to minimize losses. Any failure by ▇▇▇▇▇.▇▇▇ Canada to enforce its rights hereunder shall not be deemed a future waiver of such rights by ▇▇▇▇▇.▇▇▇ Canada. ▇▇▇▇▇.▇▇▇ Canada does not make margin calls in the ordinary course of business but may provide an automated e-mail message to Customer in the event the Customer’s Account is in near proximity of falling below the Minimum Margin Requirement. ▇▇▇▇▇.▇▇▇ Canada maintains the right to liquidate Customer positions as described above. However, ▇▇▇▇▇.▇▇▇ Canada may from time to time and in its sole discretion, call Customer and request that Customer deposit additional Collateral to secure Customer’s obligations to ▇▇▇▇▇.▇▇▇ Canada, over and above the balance in Customer’s Account. Any call for additional margin without exercising the rights to liquidate Customer positions shall not be deemed precedent for future calls nor future waiver of such liquidation rights by ▇▇▇▇▇.▇▇▇ Canada. 6.2. In the event that your Account sustains cumulative Life-to-Date Net Losses including unrealized ▇▇▇▇-to-market gains/(losses) equal to or greater than 50% of your stated risk capital, ▇▇▇▇▇.▇▇▇ Canada will attempt to send a notice to your email address of record informing you of such. This notification is a courtesy reminder only, and does not relieve you of any duty or obligation to monitor your Account at all points in time. You shall not hold ▇▇▇▇▇.▇▇▇ Canada responsible in any way whatsoever for failure to receive the notice, or for receipt of the notice subsequent to being liquidated, as monitoring your Account in light of your stated risk capital is your sole responsibility. When your stated risk capital has been reached, your Account may be restricted from further trading and any open positions may be liquidated. If you wish to continue to trade your Account, contact Customer Services at ▇.▇▇▇.▇▇▇.▇▇▇▇ or ▇.▇▇▇.▇▇▇.▇▇▇▇ to update your stated risk capital and deposit further funds to your Account.

LIQUIDATION LEVEL. 6.1. Subject to all additional rights of ▇▇▇▇▇.▇▇▇ Canada under the Customer Agreement, in the event that, in the sole opinion of ▇▇▇▇▇.▇▇▇ Canada and in accordance with ▇▇▇▇▇.▇▇▇ Canada’s reasonable best estimate of the then prevailing obtainable market Spot Rates, and regardless of whether or not prior Margin Calls have been issued or met, if the Margin Balance should at any time equal or fall below the Minimum Margin Requirement for Customer’s Account in the aggregate, ▇▇▇▇▇.▇▇▇ Canada will have the right but not the obligation to liquidate any part of or all Open Positions in Customer’s Account. Customers Clients are responsible for placing their own Stop Loss Orders to minimize losses. Any failure by ▇▇▇▇▇.▇▇▇ Canada to enforce its rights hereunder shall not be deemed a future waiver of such rights by ▇▇▇▇▇.▇▇▇ Canada. ▇▇▇▇▇.▇▇▇ Canada does not make margin calls in the ordinary course of business but may provide an automated e-mail message to Customer in the event the Customer’s Account is in near proximity of falling below the Minimum Margin Requirement. ▇▇▇▇▇.▇▇▇ Canada maintains the right to liquidate Customer positions as described above. However, ▇▇▇▇▇.▇▇▇ Canada may from time to time and in its sole discretion, call Customer and request that Customer deposit additional Collateral to secure Customer’s obligations to ▇▇▇▇▇.▇▇▇ Canada, over and above the balance in Customer’s Account. Any call for additional margin without exercising the rights to liquidate Customer positions shall not be deemed precedent for future calls nor future waiver of such liquidation rights by ▇▇▇▇▇.▇▇▇ Canada. 6.2. In the event that your Account account sustains cumulative Life-to-Date Net Losses including unrealized ▇▇▇▇-to-market gains/(losses) equal to or greater than 50% of your stated risk capital, ▇▇▇▇▇.▇▇▇ Canada will attempt to send a notice to your email address of record informing you of such. This notification is a courtesy reminder only, and does not relieve you of any duty or obligation to monitor your Account account at all points in time. You shall not hold ▇▇▇▇▇.▇▇▇ Canada responsible in any way whatsoever for failure to receive the notice, or for receipt of the notice subsequent to being liquidated, as monitoring your Account account in light of your stated risk capital is your sole responsibility. When your stated risk capital has been reached, your Account account may be restricted from further trading and any open positions may be liquidated. If you wish to continue to trade your Accountaccount, contact Customer Client Services at ▇.▇▇▇.▇▇▇.▇▇▇▇ or ▇.▇▇▇.▇▇▇.▇▇▇▇ to update your stated risk capital and deposit further funds to your Accountaccount.

LIQUIDATION LEVEL. 6.1. Subject to all additional rights of ▇▇▇▇▇.▇▇▇ Canada under the Agreement, in the event that, in the sole opinion of ▇▇▇▇▇.▇▇▇ Canada and in accordance with ▇▇▇▇▇.▇▇▇ Canada’s reasonable best estimate of the then prevailing obtainable market Spot Rates, and regardless of whether or not prior Margin Calls have been issued or met, if the Margin Balance should at any time equal or fall below the Minimum Margin Requirement for Customer’s Account in the aggregate, ▇▇▇▇▇.▇▇▇ Canada will have the right but not the obligation to liquidate any part of or all Open Positions in Customer’s Account. Customers are responsible for placing their own Stop Loss Orders to minimize losses. Any failure by ▇▇▇▇▇.▇▇▇ Canada to enforce its rights hereunder shall not be deemed a future waiver of such rights by ▇▇▇▇▇.▇▇▇ Canada. ▇▇▇▇▇.▇▇▇ Canada does not make margin calls in the ordinary course of business but may provide an automated e-mail message to Customer in the event the Customer’s Account is in near proximity of falling below the Minimum Margin Requirement. ▇▇▇▇▇.▇▇▇ Canada maintains the right to liquidate Customer positions as described above. However, ▇▇▇▇▇.▇▇▇ Canada may from time to time and in its sole discretion, call Customer and request that Customer deposit additional Collateral to secure Customer’s obligations to ▇▇▇▇▇.▇▇▇ Canada, over and above the balance in Customer’s Account. Any call for additional margin without exercising the rights to liquidate Customer positions shall not be deemed precedent for future calls nor future waiver of such liquidation rights by ▇▇▇▇▇.▇▇▇ Canada. 6.2. In the event that your Account sustains cumulative Life-to-Date Net Losses including unrealized ▇▇▇▇-tomark-to-market gains/(losses) equal to or greater than 50% of your stated risk capital, ▇▇▇▇▇.▇▇▇ Canada will attempt to send a notice to your email address of record informing you of such. This notification is a courtesy reminder only, and does not relieve you of any duty or obligation to monitor your Account at all points in time. You shall not hold ▇▇▇▇▇.▇▇▇ Canada responsible in any way whatsoever for failure to receive the notice, or for receipt of the notice subsequent to being liquidated, as monitoring your Account in light of your stated risk capital is your sole responsibility. When your stated risk capital has been reached, your Account may be restricted from further trading and any open positions may be liquidated. If you wish to continue to trade your Account, contact Customer Services at ▇.▇▇▇.▇▇▇.▇▇▇▇ or ▇.▇▇▇.▇▇▇.▇▇▇▇ to update your stated risk capital and deposit further funds to your Account.