Margin and Margin Maintenance Sample Clauses

Margin and Margin Maintenance. Correspondent is responsible for the collection of initial margin and all amounts necessarily to meet subsequent maintenance calls in each Customer and Correspondent Account to ensure compliance with Regulation T, the rules of any self-regulatory organization or exchange and the house rules of NFS. Subject to prevailing market conditions, NFS will produce, maintain and provide to Correspondent sufficient information to allow Correspondent to determine which of its Accounts are undermargined for purposes of Correspondent’s compliance with Regulation T, any self-regulatory organization or exchange and NFS’ house rules. NFS will promptly notify Correspondent of all margin and maintenance calls relating to Accounts and Correspondent shall notify Accounts of such calls and shall be responsible for ensuring that margin requirements are met. NFS reserves the right to send notice of a margin requirement directly to an Account and will promptly provide a copy of the notice to Correspondent. If any Account fails to comply with any margin requirement, NFS will notify Correspondent and, if Correspondent does not promptly sell out (or buy in, as appropriate) such Account so as to bring the Account into compliance with applicable margin or maintenance requirements, NFS will do so on Correspondent’s behalf. In the event that required margin is not provided within the time specified by NFS or securities sold are not delivered as required, NFS may take such action as NFS deems appropriate, including but not limited to the sale or purchase of securities for, and at the risk of, the Account. Compliance with a request by Correspondent to withhold action shall not be deemed a waiver by NFS of any rights under this Agreement, including but not limited to the right to close out a contract or position if NFS in its reasonable judgment determines that changing conditions render such action advisable, with or without prior notification to the Customer or the Correspondent. Correspondent may request in good faith that NFS file for an extension of time to comply with Regulation T. Filing for such extension of time with the NYSE is within the sole discretion of NFS.

Margin and Margin Maintenance. 8.6.1 The User is to pay to MERJ, as a margin in respect of a Transaction, such sums as MERJ may require under this Agreement or as otherwise notified in writing by MERJ to the User. 8.6.2 8.6.3 8.6.4 8.6.5 8.6.6 8.6.7 8.6.7.1 8.6.7.2 8.6.8 8.6.9 8.6.9.1 8.6.10 8.6.11 8.6.11.1 8.6.11.2 8.6.12 8.6.13

Margin and Margin Maintenance. 8.9.1 The Client is to pay to Velocity Trade such sums of money in the Client Base Currency by way of margin as Velocity Trade may require under this Agreement or as otherwise notified in writing by Velocity Trade to the Client. 8.9.2 The Client is to ensure that moneys paid to Velocity Trade are correctly designated in all respects, including, where applicable, that those moneys are by way of margin and to which Account of the Client they should be applied.

Margin and Margin Maintenance. 8.10.1 The Client is to pay to Velocity Trade such sums of money in the Client Base Currency by way of margin as Velocity Trade may require under this Agreement or as otherwise notified in writing by Velocity Trade to the Client. 8.10.2 The Client is to ensure that moneys paid to Velocity Trade are correctly designated in all respects, including, where applicable, that those moneys are by way of margin and to which Margin Account of the Client they should be applied. 8.10.3 From time to time, Velocity Trade is to provide to the Client details of the arrangements that apply to making payments to Velocity Trade. 8.10.4 The Client acknowledges and agrees that Velocity Trade will credit those moneys to the Segregated Funds Account only when they become cleared funds. 8.10.5 Accordingly, moneys paid by: 8.10.5.1 South African electronic fund transfers may not be available as collateral and, therefore, Free Margin until the funds have been received and allocated to Velocity Trade’s bank account; and 8.10.5.2 International electronic transfers, in accordance with relevant bank and currency practice, may not be available as collateral and, therefore, Free Margin for a number of Business Days. 8.10.6 Velocity Trade will, in accordance with the normal practices of the Registered Bank at which the Segregated Funds Account is held, arrange for the credit of those moneys to the Segregated Funds Account as soon as practicable after they become cleared funds. 8.10.7 The Client undertakes to maintain the Margin Requirement(s) being either: 8.10.7.1 in the case of Margin Transactions entered into using an Electronic Trading Platform, the relevant Margin Requirement(s) specified in the Margin Platform Addendum; and 8.10.7.2 in all other cases, the Margin Requirement(s) advised by Velocity Trade. 8.10.8 The undertaking in clause 8.10.7 is deemed to be repeated at the time each Margin Transaction is entered into. 8.10.9 If the Client has more than one Margin Transaction Account, the undertaking in clause 8.10.7 relates to each Margin Transaction Account separately, unless Velocity Trade has agreed otherwise in writing. 8.10.10 For the avoidance of doubt, the undertaking in clause 8.10.7 is a margin requirement for the purpose of clause 20.1.2. 8.10.11 The Client acknowledges and agrees that: 8.10.11.1 the Margin Requirement may differ depending on the Electronic Trading Platform on which Margin Transactions are entered; 8.10.11.2 the applicable Margin Requirement may, from ti...

Margin and Margin Maintenance. 8.6.1 The User is to pay to MERJ, as a margin in respect of a Transaction, such sums as MERJ may require under this Agreement or as otherwise notified in writing by MERJ to the User. 8.6.2 The User is to ensure that moneys paid to MERJ are correctly designated to be allocated to the Account. 8.6.3 From time to time, MERJ is to provide to the User details of the arrangements that apply to making payments to MERJ. 8.6.4 The User acknowledges and agrees that MERJ will credit those moneys to the Segregated Funds Account only when they become cleared funds. 8.6.5 Moneys paid by electronic fund transfers may not be available as collateral and, therefore are not Free Margin until the funds have been received and allocated to MERJ bank account. 8.6.6 MERJ will, in accordance with the normal practices at which the Segregated Funds Account is held, arrange for the credit of those moneys to the Segregated Funds Account as soon as practicable after they become cleared funds. 8.6.7 The User undertakes to maintain the Margin Requirement(s) being either – 8.6.7.1 in the case of Margin Transactions entered into using the MERJ Platform, the relevant Margin Requirement(s) specified in the applicable Fee Schedule; and 8.6.7.2 in all other cases, the Margin Requirement(s) advised by ▇▇▇▇. 8.6.8 The undertaking in clause 8.6.7 is deemed to be repeated at the time each Margin Transaction is entered into. 8.6.9 For the avoidance of doubt, the undertaking in clause 8.6.7 is a margin requirement for the purpose of clause 8.6.8. 8.6.9.1 The User acknowledges and agrees that the applicable Margin Requirement may, from time to time, be updated by MERJ by amending the relevant Fee Schedule and it is the User’s responsibility to ensure it is aware of the prevailing Margin Requirement at any point in time. 8.6.10 The User must maintain sufficient Free Margin so that, should the relevant MERJ Platform become unavailable and the User is unable to ascertain its real-time Margin Requirement or amount of Free Margin available, the applicable Margin Requirement will still be satisfied notwithstanding any market movement during that period. 8.6.11 The User acknowledges and agrees that, if at any time during any day, the relevant Margin Requirement is not maintained – 8.6.11.1 the relevant MERJ Platform may automatically terminate and close out some or all outstanding Margin Transactions; and 8.6.11.2 MERJ may at its discretion, but is under no obligation to, terminate and close out some or all...

Margin and Margin Maintenance. ALEX is responsible for the collection of initial margin and all amounts necessary to meet subsequent maintenance calls in each Customer and ALEX Account to insure compliance with Regulation T and the house rules of FSWC. FSWC shall have the unlimited right to buy in or sell out positions in Accounts whenever FSWC, in its sole discretion, deems such action appropriate. FSWC may take any such action regardless of whether any such Account is then in compliance with applicable margin maintenance requirements or a request has been made for an extension of time to make any payment required by Regulation T. ALEX acknowledges that FSWC has the right to demand payment on any debit balance in any ALEX Customer Account, Proprietary Account or related ALEX Accounts; and ALEX shall be liable to FSWC for any non-receipt of such payments upon demand.