Common use of Margin Deposit Clause in Contracts

Margin Deposit. Custom House may at its sole discretion require the Customer to pay an amount solely determined by Custom House (the “Margin Deposit”) if at any time the ▇▇▇▇ to Market value (in Australian dollars) of the Customer’s total outstanding Forward Contracts moves beyond the limit set by Custom House for this purpose and the Customer is Out of the Money compared to the original Forward Contract values.

Appears in 1 contract

Sources: Master Terms and Conditions Agreement

Margin Deposit. Custom House may at its sole discretion require the Customer to pay an amount solely determined by Custom House (the “Margin Deposit”) if at any time the ▇▇▇▇ to Market value (in Australian dollarsUnited Kingdom Pounds) of the Customer’s total outstanding Forward Contracts moves beyond the limit set by Custom House for this purpose and the Customer is Out of the Money compared to the original Forward Contract values.

Appears in 1 contract

Sources: Master Terms and Conditions Agreement