Common use of Margin Arrangements Clause in Contracts

Margin Arrangements. As a condition of entering into a transaction we may in our sole discretion require the deposit of funds or collateral acceptable to us to secure your liability to us for any losses which may be incurred in respect of a transaction (“Initial Margin”). Initial Margin is due and payable immediately as a condition to opening the relevant transaction and we may decline to open any transaction if you do not have sufficient available cash in your account to satisfy the Initial Margin required for that transaction at the time the ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ | ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ London EC2A 2BB | +▇▇ ▇▇▇▇▇▇▇▇▇▇ relevant order is placed. If there is an adverse movement in the price or value of a transaction or if we determine in our sole and absolute discretion that there is an increase in the risk of an adverse movement in the price or value of a transaction, we will require additional security from you in the form of cash deposits or other acceptable collateral to supplement the Initial Margin (“Variation Margin”).