Margin Close out Level Sample Clauses
Margin Close out Level. FIX Account: Where the Client fails to provide Margin in clear funds received by the Company by the time at which the Client’s Margin Level reaches 0% (“Close out Level”), the Company has the right to close out all Client’s positions in his/her trading account, in relation to the Transactions for which the Client have failed to provide ▇▇▇▇▇▇. Floating account: Where the Client fails to provide Margin in clear funds received by the Company by the time at which the Client’s Margin Level reaches 25% (“Close Out Level”), the Company have the right to begin closing out the Client’s positions in his/her trading account, in relation to the Transactions for which the Client have failed to provide ▇▇▇▇▇▇, starting from the most recent position ('Last In, First Out - LIFO').
Margin Close out Level. 5.1. If the Margin Level for your Account reaches or falls below the Margin Close Out Level, this will be classified as an Event of Default under clause 15. In such circumstances we may, among other things, (i) close all or any of your Open Positions immediately and without notice, and/or (ii) refuse to execute new Trades until your Margin Level exceeds the Margin Close Out Level. It is your responsibility to monitor your Account(s) at all times and to maintain your Margin Level above the Margin Close Out Level. We will close your Open Positions at Our Price prevailing at the time when your Open Positions are closed.
5.2. The Margin Close Out Level applicable to your Account will be equal to the Margin Requirement applicable to your Account unless we alter your Margin Close Out Level. We may alter the Margin Close Out Level applicable to your Account at any time without any prior notice.
Margin Close out Level. 11.1. It is your responsibility to monitor your Account(s) at all times and to maintain your Margin Requirement. If the Margin Level for your Account reaches or falls below the Margin Close Out Level, this will be classified as an Event of Default under clause 17. In such circumstances we may, among other things, close all or any of your Open Positions immediately and without notice and refuse to execute new Trades until your Margin Level is 100% or greater. We will close your Open Positions at Our Price prevailing at the time when your Open Positions are closed.
11.2. We may but are not obliged to contact you before we take any action under clause 11.1.
11.3. You will be notified of the Margin Close Out Level applicable to your Account in the Product Disclosure Statement. We may alter the Margin Close Out Level applicable to your Account at any time. Subject to our rights in clauses 16 and 17, we will provide you with at least three (3) days notice of any change to your Margin Close Out Level. It is your responsibility to remain informed about the Margin Close Out Level applicable to your Account.
11.4. We will be entitled to notify you of an alteration to your Margin Close Out Level by any of the following means: post, telephone, fax, e-mail, text message or by posting notice of the increase on the Website or Trading Platform.
11.5. The Margin Close Out Level is designed to help limit the extent of your trading losses. We do not however guarantee that your Open Positions will be closed when the Margin Level for your Account reaches the Margin Close Out Level or that your losses will be limited to the amount of funds you have deposited in your Account.
Margin Close out Level. FIX Account: Where the Client fails to provide ▇▇▇▇▇▇ in clear funds received by the Company by the Floating account: Where the Client fails to provide Margin in clear funds received by the Company by the time at which the Client’s Margin Level reaches 25% (“Close Out Level”), the Company have the right to begin closing out the Client’s positions in his/her trading account, in relation to the Transactions for which the Client have failed to provide ▇▇▇▇▇▇, starting from the most recent position ('Last In, First Out - LIFO').