{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "to-maintain", "type": "clause", "offset": [20, 31]}, {"key": "all-accounts", "type": "clause", "offset": [35, 47]}, {"key": "as-required-by", "type": "clause", "offset": [84, 98]}, {"key": "applicable-statutes", "type": "definition", "offset": [103, 122]}, {"key": "margin-and-maintenance-calls", "type": "clause", "offset": [250, 278]}], "samples": [{"hash": "fLX2r7WMg1h", "uri": "/contracts/fLX2r7WMg1h#margin", "label": "Customer Margin and Short Account Agreement", "score": 36.1598968506, "published": true}, {"hash": "cA8RJYtrMDP", "uri": "/contracts/cA8RJYtrMDP#margin", "label": "Customer Margin and Short Account Agreement", "score": 35.3054847717, "published": true}, {"hash": "kNv66Csmo6d", "uri": "/contracts/kNv66Csmo6d#margin", "label": "Customer Margin and Short Account Agreement", "score": 35.286529541, "published": true}], "snippet": "The Customer agrees to maintain in all accounts with you such positions and margins as required by all applicable statutes, rules, regulations, procedures and custom, or as you deem necessary or advisable. The Customer agrees to promptly satisfy all margin and maintenance calls.", "size": 37, "hash": "552e05562f43aa6a429a301ad8b349ee", "id": 2}, {"snippet_links": [{"key": "certain-options", "type": "clause", "offset": [0, 15]}, {"key": "full-premium", "type": "clause", "offset": [87, 99]}, {"key": "at-the-time", "type": "definition", "offset": [116, 127]}, {"key": "situation-a", "type": "definition", "offset": [154, 165]}, {"key": "the-investment-adviser", "type": "clause", "offset": [180, 202]}, {"key": "insufficient-assets", "type": "clause", "offset": [216, 235]}, {"key": "the-fund", "type": "clause", "offset": [239, 247]}, {"key": "to-pay", "type": "clause", "offset": [281, 287]}, {"key": "option-up", "type": "definition", "offset": [302, 311]}, {"key": "as-required", "type": "clause", "offset": [403, 414]}], "samples": [{"hash": "k05QGtFHOQR", "uri": "/contracts/k05QGtFHOQR#margin", "label": "Sub Advisory Agreement (Morgan Stanley Institutional Fund Inc)", "score": 31.5284061432, "published": true}, {"hash": "iVrKdzJlbsM", "uri": "/contracts/iVrKdzJlbsM#margin", "label": "Sub Advisory Agreement (Morgan Stanley Institutional Fund Trust)", "score": 29.0725536346, "published": true}, {"hash": "kBh0EjQoIN3", "uri": "/contracts/kBh0EjQoIN3#margin", "label": "Sub Advisory Agreement (Morgan Stanley Institutional Fund Trust)", "score": 28.7440109253, "published": true}], "snippet": "Certain options markets operate on a margined basis, under which buyers do not pay the full premium on their option at the time they purchase it. In this situation a Portfolio (or the Investment Adviser if there are insufficient assets in the Fund) may subsequently be called upon to pay margin on the option up to the level of the Investment Adviser\u2019s premium. If the Investment Adviser fails to do so as required, the Investment Adviser\u2019s position may be closed or liquidated in the same way as a futures position.", "size": 60, "hash": "19bcb66247185e0be19b4985ea28c2f6", "id": 1}, {"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [18, 27]}, {"key": "second-distribution-date", "type": "definition", "offset": [74, 98]}, {"key": "optional-termination-date", "type": "clause", "offset": [124, 149]}], "samples": [{"hash": "brQn2hywAwz", "uri": "/contracts/brQn2hywAwz#margin", "label": "Pooling and Servicing Agreement (RAMP Series 2005-Rz3 Trust)", "score": 18.0, "published": true}, {"hash": "3ZxQ4Zbv6sR", "uri": "/contracts/3ZxQ4Zbv6sR#margin", "label": "Pooling and Servicing Agreement (RAMP Series 2005-Rz2 Trust)", "score": 18.0, "published": true}, {"hash": "1bAWu3tiAro", "uri": "/contracts/1bAWu3tiAro#margin", "label": "Pooling and Servicing Agreement (RAMP Series 2005-Rz4 Trust)", "score": 18.0, "published": true}], "snippet": "Initially, 0.480% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.720% per annum.", "size": 24, "hash": "9623059603f2fde28a9c36f4977e3b4d", "id": 6}, {"snippet_links": [{"key": "class-a-1-margin", "type": "definition", "offset": [4, 20]}, {"key": "class-a-2-margin", "type": "definition", "offset": [22, 38]}, {"key": "class-a-3-margin", "type": "definition", "offset": [40, 56]}, {"key": "class-a-4-margin", "type": "definition", "offset": [58, 74]}, {"key": "class-m-1-margin", "type": "definition", "offset": [76, 92]}, {"key": "class-m-2-margin", "type": "definition", "offset": [94, 110]}, {"key": "class-m-3-margin", "type": "definition", "offset": [112, 128]}, {"key": "class-m-4-margin", "type": "definition", "offset": [130, 146]}, {"key": "class-m-5-margin", "type": "definition", "offset": [148, 164]}, {"key": "class-m-6-margin", "type": "definition", "offset": [166, 182]}, {"key": "class-m-7-margin", "type": "definition", "offset": [184, 200]}, {"key": "class-m-8-margin", "type": "definition", "offset": [202, 218]}, {"key": "class-m-9-margin", "type": "definition", "offset": [222, 238]}], "samples": [{"hash": "iCGlu2lnvMN", "uri": "/contracts/iCGlu2lnvMN#margin", "label": "Pooling and Servicing Agreement (RASC Series 2006-Emx6 Trust)", "score": 21.0, "published": true}, {"hash": "1rA9SaJGsYP", "uri": "/contracts/1rA9SaJGsYP#margin", "label": "Pooling and Servicing Agreement (RASC Series 2006-Ks8 Trust)", "score": 21.0, "published": true}, {"hash": "1kls5zTmLo3", "uri": "/contracts/1kls5zTmLo3#margin", "label": "Pooling and Servicing Agreement (RASC Series 2006-Emx4 Trust)", "score": 21.0, "published": true}], "snippet": "The Class A-1 Margin, Class A-2 Margin, Class A-3 Margin, Class A-4 Margin, Class M-1 Margin, Class M-2 Margin, Class M-3 Margin, Class M-4 Margin, Class M-5 Margin, Class M-6 Margin, Class M-7 Margin, Class M-8 Margin or Class M-9 Margin, as applicable.", "size": 23, "hash": "bb42a7f855cf5fc6185f69e2bedc5c4c", "id": 7}, {"snippet_links": [{"key": "calculation-of", "type": "definition", "offset": [7, 21]}, {"key": "margin-deficit", "type": "definition", "offset": [23, 37]}, {"key": "margin-excess", "type": "clause", "offset": [44, 57]}, {"key": "pursuant-to-paragraph-4", "type": "clause", "offset": [59, 82]}, {"key": "the-agreement", "type": "clause", "offset": [86, 99]}, {"key": "base-currency", "type": "definition", "offset": [133, 146]}, {"key": "spot-rate", "type": "clause", "offset": [209, 218]}, {"key": "date-of", "type": "clause", "offset": [226, 233]}], "samples": [{"hash": "eAK88iRvHio", "uri": "/contracts/eAK88iRvHio#margin", "label": "Master Repurchase Agreement (AB Commercial Real Estate Private Debt Fund, LLC)", "score": 35.3586578369, "published": true}, {"hash": "hDwQXYb0ME1", "uri": "/contracts/hDwQXYb0ME1#margin", "label": "Master Repurchase Agreement", "score": 33.5261955261, "published": true}, {"hash": "1S4yWoTPHbv", "uri": "/contracts/1S4yWoTPHbv#margin", "label": "Bond Market Association Master Repurchase Agreement (NexPoint Credit Strategies Fund)", "score": 28.9644088745, "published": true}], "snippet": "In the calculation of \u201cMargin Deficit\u201d and \u201cMargin Excess\u201d pursuant to Paragraph 4 of the Agreement, all sums not denominated in the Base Currency shall be deemed to be converted into the Base Currency at the Spot Rate on the date of such calculation.", "size": 26, "hash": "c27f2ec76c2ce8789845c2428102f807", "id": 4}, {"snippet_links": [{"key": "leverage-ratios", "type": "definition", "offset": [6, 21]}, {"key": "the-contract-value", "type": "definition", "offset": [59, 77]}, {"key": "details-of", "type": "clause", "offset": [98, 108]}, {"key": "our-policy", "type": "clause", "offset": [109, 119]}, {"key": "margin-requirements", "type": "clause", "offset": [134, 153]}, {"key": "applicable-to", "type": "definition", "offset": [154, 167]}, {"key": "leverage-and-margin", "type": "clause", "offset": [197, 216]}, {"key": "minimum-level", "type": "definition", "offset": [229, 242]}, {"key": "margin-level", "type": "clause", "offset": [246, 258]}, {"key": "open-positions", "type": "definition", "offset": [288, 302]}, {"key": "in-time", "type": "clause", "offset": [316, 323]}, {"key": "subject-to-clause", "type": "clause", "offset": [332, 349]}, {"key": "comply-with-the", "type": "clause", "offset": [387, 402]}, {"key": "relevant-margin", "type": "definition", "offset": [440, 455]}, {"key": "applies-to", "type": "clause", "offset": [470, 480]}, {"key": "transactions-with", "type": "clause", "offset": [516, 533]}, {"key": "continuing-obligation", "type": "definition", "offset": [543, 564]}, {"key": "period-during-which", "type": "clause", "offset": [605, 624]}, {"key": "we-provide", "type": "clause", "offset": [690, 700]}, {"key": "obligation-to-maintain", "type": "clause", "offset": [733, 755]}, {"key": "consequences-of", "type": "definition", "offset": [790, 805]}, {"key": "failure-to", "type": "clause", "offset": [811, 821]}, {"key": "our-discretion", "type": "clause", "offset": [930, 944]}, {"key": "push-notification", "type": "definition", "offset": [989, 1006]}, {"key": "electronic-trading-platform", "type": "clause", "offset": [1030, 1057]}, {"key": "an-event-of-default", "type": "definition", "offset": [1222, 1241]}, {"key": "your-position", "type": "clause", "offset": [1272, 1285]}, {"key": "in-respect-of", "type": "definition", "offset": [1286, 1299]}, {"key": "payment-of-the", "type": "clause", "offset": [1330, 1344]}, {"key": "required-margin", "type": "definition", "offset": [1345, 1360]}, {"key": "received-by", "type": "definition", "offset": [1416, 1427]}, {"key": "time-at-which", "type": "clause", "offset": [1438, 1451]}, {"key": "margin-close-out-level", "type": "definition", "offset": [1505, 1527]}, {"key": "right-to", "type": "definition", "offset": [1543, 1551]}, {"key": "closing-out", "type": "definition", "offset": [1558, 1569]}, {"key": "your-account", "type": "definition", "offset": [1587, 1599]}, {"key": "in-relation-to", "type": "clause", "offset": [1600, 1614]}, {"key": "the-transactions", "type": "clause", "offset": [1615, 1631]}, {"key": "provide-\u2587", "type": "clause", "offset": [1661, 1670]}, {"key": "reference-to", "type": "definition", "offset": [1828, 1840]}, {"key": "this-clause", "type": "clause", "offset": [1924, 1935]}, {"key": "in-compliance-with", "type": "definition", "offset": [1960, 1978]}, {"key": "duty-of", "type": "clause", "offset": [1983, 1990]}, {"key": "best-execution", "type": "definition", "offset": [1991, 2005]}, {"key": "in-accordance-with", "type": "clause", "offset": [2014, 2032]}, {"key": "order-execution-policy", "type": "definition", "offset": [2037, 2059]}, {"key": "trading-activity", "type": "clause", "offset": [2087, 2103]}, {"key": "trading-platforms", "type": "definition", "offset": [2130, 2147]}, {"key": "in-the-event", "type": "clause", "offset": [2194, 2206]}, {"key": "the-value", "type": "clause", "offset": [2212, 2221]}, {"key": "sole-discretion", "type": "clause", "offset": [2304, 2319]}, {"key": "initial-margin-requirement", "type": "clause", "offset": [2328, 2354]}, {"key": "early-warning", "type": "clause", "offset": [2361, 2374]}, {"key": "obligation-to-provide", "type": "clause", "offset": [2396, 2417]}, {"key": "in-contract", "type": "clause", "offset": [2546, 2557]}, {"key": "rights-hereunder", "type": "clause", "offset": [2603, 2619]}, {"key": "terms-and", "type": "clause", "offset": [2725, 2734]}, {"key": "requirements-for", "type": "clause", "offset": [2755, 2771]}, {"key": "for-example", "type": "clause", "offset": [2786, 2797]}, {"key": "leverage-limit", "type": "definition", "offset": [2813, 2827]}, {"key": "ratio-of", "type": "clause", "offset": [2828, 2836]}, {"key": "opening-a-transaction", "type": "clause", "offset": [2875, 2896]}, {"key": "margin-amount", "type": "definition", "offset": [2903, 2916]}, {"key": "at-all-times", "type": "definition", "offset": [3018, 3030]}, {"key": "termination-of-the", "type": "clause", "offset": [3065, 3083]}, {"key": "relevant-transaction", "type": "definition", "offset": [3084, 3104]}, {"key": "payments-required", "type": "clause", "offset": [3117, 3134]}, {"key": "depending-on-the", "type": "clause", "offset": [3140, 3156]}, {"key": "financial-instrument", "type": "clause", "offset": [3202, 3222]}], "samples": [{"hash": "64eeLiN22kN", "uri": "/contracts/64eeLiN22kN#margin", "label": "Investment Services Agreement", "score": 27.9048595428, "published": true}, {"hash": "jrA6Ap4c0Kx", "uri": "/contracts/jrA6Ap4c0Kx#margin", "label": "Investment Services Agreement", "score": 27.8186168671, "published": true}, {"hash": "1WcdpNVRbIR", "uri": "/contracts/1WcdpNVRbIR#margin", "label": "Investment Services Agreement", "score": 27.8186168671, "published": true}], "snippet": "24.1. Leverage ratios are also expressed in percentage and the contract value of the Transaction. Details of our policy regarding the Margin requirements applicable to each CFD can be found at our Leverage and Margin Policy. The minimum level of Margin Level required for maintaining any open positions at any point in time is 50%, subject to Clause 24.4 below.\n24.2. Your obligation to comply with the Margin requirements and maintain the relevant Margin Level as this applies to your open positions under all your Transactions with us, is a continuing obligation to which you are subject throughout the period during which a Transaction is open and exists independently or whether or not we provide you with any warning as to your obligation to maintain the relevant Margin Level and the consequences of your failure to do so. Where we are obligated or elect to warn or notify you of insufficient Margin hereunder, we shall, at our discretion, do so by means of e-mail and/or SMS and/or push notification and/or by means of our electronic trading platform.\n24.3. Where we effect or arrange a Transaction you shall comply with the Margin requirements applicable to such Transaction. Your failure to do so will constitute an Event of Default and will trigger close out of your position in respect of which you have failed to make payment of the required Margin.\n24.4. Where you fail to provide Margin in clear funds received by us by the time at which your Margin Level reaches 50% (\u201cClose Out Level\u201d or \u201cMargin Close Out Level\u201d), we have the right to begin closing out all positions in your account in relation to the Transactions for which you have failed to provide \u2587\u2587\u2587\u2587\u2587\u2587, starting from the positions which are most unprofitable for you. Where the Margin Level drops below 50% we will proceed with close out without further reference to you. There will be no further warning before close out. Any such closing out under this Clause 25.4 shall be performed in compliance with our duty of best execution to you, in accordance with our Order Execution Policy.\n24.5. Where you carry out trading activity on the Markets Web/Mobile Trading Platforms, we may send you an email and/or notification in the event that the value of your positions falls below 70%, or such other level as we may determine in our sole discretion, of the Initial Margin requirement as an early warning. We are not under an obligation to provide you with such warning and failure on our part to send you any such warning shall not give rise to any claim against us, whether in contract or otherwise, and does not affect any of our rights hereunder. We will not be providing you any warnings or notifications where you are a client using the MT4 and MT5 terms and comprise the Margin requirements for your Account. For example at the Default Leverage Limit ratio of 1:20, the Margin required is 5%. Upon opening a Transaction, this Margin amount will be required to be held as collateral (otherwise known as \u201cInitial Margin\u201d) and to be maintained at all times until and subject to close out or termination of the relevant Transaction. The Margin payments required vary depending on the Leverage ratio of the CFD and the underlying Financial Instrument", "size": 17, "hash": "3fc70eb48fbe66878f65b2af950beb03", "id": 8}, {"snippet_links": [{"key": "to-maintain", "type": "clause", "offset": [22, 33]}, {"key": "on-demand", "type": "clause", "offset": [56, 65]}, {"key": "additional-margin", "type": "clause", "offset": [75, 92]}, {"key": "by-the-client", "type": "clause", "offset": [217, 230]}, {"key": "in-respect-of", "type": "definition", "offset": [265, 278]}, {"key": "other-payment", "type": "definition", "offset": [298, 311]}, {"key": "in-connection-with", "type": "clause", "offset": [312, 330]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [357, 380]}, {"key": "without-limiting-the-generality-of", "type": "clause", "offset": [386, 420]}, {"key": "main-body", "type": "definition", "offset": [425, 434]}, {"key": "payment-of", "type": "clause", "offset": [467, 477]}, {"key": "of-the-essence", "type": "clause", "offset": [492, 506]}, {"key": "to-pay", "type": "clause", "offset": [531, 537]}, {"key": "amount-owing", "type": "definition", "offset": [576, 588]}, {"key": "with-respect-to", "type": "clause", "offset": [589, 604]}, {"key": "payments-for", "type": "clause", "offset": [685, 697]}, {"key": "other-purposes", "type": "clause", "offset": [709, 723]}, {"key": "cleared-funds", "type": "definition", "offset": [741, 754]}, {"key": "sole-discretion", "type": "clause", "offset": [815, 830]}, {"key": "notwithstanding-clause", "type": "clause", "offset": [844, 866]}, {"key": "in-the-event", "type": "clause", "offset": [872, 884]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [987, 1005]}, {"key": "without-limitation", "type": "clause", "offset": [1025, 1043]}, {"key": "a-change", "type": "clause", "offset": [1076, 1084]}, {"key": "foreign-exchange-controls", "type": "clause", "offset": [1235, 1260]}, {"key": "stock-market", "type": "definition", "offset": [1370, 1382]}, {"key": "hong-kong", "type": "definition", "offset": [1434, 1443]}, {"key": "material-adverse", "type": "clause", "offset": [1494, 1510]}, {"key": "the-condition", "type": "clause", "offset": [1528, 1541]}, {"key": "margin-calls", "type": "clause", "offset": [1605, 1617]}, {"key": "due-and-payable", "type": "definition", "offset": [1710, 1725]}, {"key": "margin-requirements", "type": "clause", "offset": [1782, 1801]}, {"key": "from-time-to-time", "type": "clause", "offset": [1802, 1819]}, {"key": "absolute-discretion", "type": "definition", "offset": [1827, 1846]}, {"key": "the-client-shall", "type": "clause", "offset": [1848, 1864]}, {"key": "financial-accommodation", "type": "clause", "offset": [1876, 1899]}, {"key": "value-of-the-collateral", "type": "clause", "offset": [1974, 1997]}, {"key": "existing-positions", "type": "clause", "offset": [2137, 2155]}, {"key": "new-positions", "type": "definition", "offset": [2174, 2187]}, {"key": "the-contracts", "type": "clause", "offset": [2191, 2204]}, {"key": "affected-by", "type": "definition", "offset": [2205, 2216]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [2236, 2262]}, {"key": "failure-by-the", "type": "clause", "offset": [2264, 2278]}, {"key": "accounts-payable", "type": "definition", "offset": [2377, 2393]}, {"key": "the-right", "type": "clause", "offset": [2420, 2429]}, {"key": "close-the-account", "type": "clause", "offset": [2469, 2486]}, {"key": "close-out", "type": "clause", "offset": [2497, 2506]}, {"key": "the-case", "type": "definition", "offset": [2539, 2547]}, {"key": "notice-to-the-client", "type": "clause", "offset": [2564, 2584]}, {"key": "dispose-of", "type": "definition", "offset": [2592, 2602]}, {"key": "securities-held", "type": "definition", "offset": [2614, 2629]}, {"key": "on-behalf-of", "type": "definition", "offset": [2637, 2649]}, {"key": "to-apply", "type": "clause", "offset": [2665, 2673]}, {"key": "outstanding-balances", "type": "clause", "offset": [2727, 2747]}, {"key": "nothing-in-this-agreement", "type": "clause", "offset": [2843, 2868]}, {"key": "other-rights-and-remedies", "type": "clause", "offset": [2942, 2967]}, {"key": "money-held", "type": "clause", "offset": [3006, 3016]}, {"key": "bank-account", "type": "definition", "offset": [3024, 3036]}, {"key": "pursuant-to-the", "type": "definition", "offset": [3037, 3052]}, {"key": "agreement-or", "type": "definition", "offset": [3071, 3083]}, {"key": "money-received", "type": "clause", "offset": [3102, 3116]}, {"key": "debit-balance", "type": "clause", "offset": [3186, 3199]}, {"key": "the-accounts", "type": "clause", "offset": [3217, 3229]}, {"key": "group-companies", "type": "definition", "offset": [3269, 3284]}, {"key": "make-available", "type": "definition", "offset": [3348, 3362]}, {"key": "in-particular", "type": "clause", "offset": [3436, 3449]}, {"key": "the-fact", "type": "clause", "offset": [3475, 3483]}, {"key": "to-advance", "type": "definition", "offset": [3617, 3627]}, {"key": "obligations-of-the-client", "type": "clause", "offset": [3739, 3764]}], "samples": [{"hash": "8OiE3P3fsRR", "uri": "/contracts/8OiE3P3fsRR#margin", "label": "Securities Account Agreement", "score": 36.0135116577, "published": true}, {"hash": "F06UhwVQ0p", "uri": "/contracts/F06UhwVQ0p#margin", "label": "Securities Account Agreement", "score": 35.3602294922, "published": true}, {"hash": "MJd9HpcCYG", "uri": "/contracts/MJd9HpcCYG#margin", "label": "Client Securities Account Agreement", "score": 33.6760673523, "published": true}], "snippet": "3.1 The Client agrees to maintain such Margin and shall on demand pay such additional Margin by means of cash, securities or in such form and/or amounts and within such time as may be determined by WLSL to be payable by the Client or by WLSL on the Client\u2019s behalf in respect of such Margin or any other payment in connection with any Transaction under the terms of this Agreement.\n3.2 Without limiting the generality of the main body of this Agreement, the time for payment of any Margin is of the essence. The Client also agrees to pay immediately in full and on demand any amount owing with respect to any of the Client\u2019s accounts with WLSL. All initial and subsequent deposits and payments for Margin and other purposes shall be made in cleared funds and in such currency and in such amounts as WLSL may in its sole discretion require.\n3.3 Notwithstanding Clause 3.1, in the event that it is, in the sole opinion of WLSL, impracticable for WLSL to make demands for additional Margin pursuant to Clause 3.1, including but without limitation, if the impracticably is due to a change or development involving a prospective change:\n3.3.1 in the local, national or international monetary, financial, economic or political conditions or foreign exchange controls which has resulted or is in the opinion of WLSL likely to result in a material or adverse fluctuation in the stock market, currency market, commodities or futures market in Hong Kong and/or overseas; or\n3.3.2 which is or may be of a material adverse nature affecting the condition or operations of the Client, WLSL shall be deemed to have made Margin calls for such form and/or amounts as WLSL may determine and such Margin shall become immediately due and payable by the Client.\n3.4 WLSL shall be entitled to revise the Margin requirements from time to time in its absolute discretion. The Client shall be granted financial accommodation of up to such percentage as may be agreed from time to time of the market value of the collateral maintained with WLSL. No previous Margin requirements shall establish a precedent and revised requirements once established shall apply to existing positions as well as to the new positions in the contracts affected by such revision.\n3.5 For the avoidance of doubt, failure by the Client to meet \u2587\u2587\u2587\u2587\u2587\u2587 calls made by WLSL by the time prescribed by WLSL or otherwise or any other accounts payable hereunder shall give WLSL the right (without prejudice lo other rights) to close the Account and/or to close out any position in the Account (as the case may be) without notice to the Client and to dispose of any or all Securities held for or on behalf of the Client and to apply the proceeds and any cash deposit(s) to pay WLSL all outstanding balances owing to WLSL any monies remaining after that application shall be refunded to the Client.\n3.6 Nothing in this Agreement shall be construed as taking away or affecting any lawful claim, lien or other rights and remedies which WLSL may have in respect of any money held in any bank account pursuant to the main body of this Agreement or in respect of any money received or paid into such bank account.\n3.7 For the avoidance of doubt, if a debit balance arises on any of the accounts the Client has with WLSL or any of its Group Companies, WLSL shall not be, nor shall WLSL be deemed to be, obliged to make available or continue to make available any financial accommodation to the Client. In particular, but without limitation, the fact that WLSL permits a debit balance to arise in any account of the Client with WLSL shall not imply any obligation on the part of WLSL to advance monies or incur any obligation on the Client\u2019s behalf on any subsequent occasion, but without prejudice to the obligations of the Client in respect of any debit balance which WLSL does permit to arise.", "size": 16, "hash": "830adc0411e9136d48ddaa987cfc93d8", "id": 9}, {"snippet_links": [{"key": "condition-of", "type": "clause", "offset": [10, 22]}, {"key": "entering-into", "type": "clause", "offset": [23, 36]}, {"key": "margined-transaction", "type": "definition", "offset": [39, 59]}, {"key": "you-are-required-to", "type": "clause", "offset": [61, 80]}, {"key": "funds-in", "type": "definition", "offset": [94, 102]}, {"key": "to-open", "type": "clause", "offset": [134, 141]}, {"key": "sufficient-funds", "type": "clause", "offset": [173, 189]}, {"key": "place-orders", "type": "definition", "offset": [246, 258]}, {"key": "new-positions", "type": "definition", "offset": [267, 280]}, {"key": "to-ensure", "type": "clause", "offset": [338, 347]}, {"key": "your-account-balance", "type": "clause", "offset": [353, 373]}, {"key": "total-margin-requirement", "type": "definition", "offset": [456, 480]}, {"key": "open-transactions", "type": "definition", "offset": [613, 630]}, {"key": "open-positions", "type": "definition", "offset": [636, 650]}, {"key": "the-client", "type": "definition", "offset": [709, 719]}, {"key": "breach-of-any", "type": "clause", "offset": [741, 754]}, {"key": "margin-requirements", "type": "clause", "offset": [755, 774]}, {"key": "a-margin", "type": "definition", "offset": [788, 796]}, {"key": "in-accordance-with", "type": "clause", "offset": [810, 828]}, {"key": "these-terms", "type": "clause", "offset": [829, 840]}, {"key": "margin-call-warnings", "type": "clause", "offset": [869, 889]}, {"key": "time-period", "type": "definition", "offset": [918, 929]}, {"key": "at-any-time", "type": "clause", "offset": [964, 975]}, {"key": "best-interest", "type": "definition", "offset": [1048, 1061]}, {"key": "notify-us-of", "type": "clause", "offset": [1077, 1089]}, {"key": "changes-in", "type": "clause", "offset": [1094, 1104]}, {"key": "your-contact-details", "type": "clause", "offset": [1105, 1125]}, {"key": "the-platform", "type": "definition", "offset": [1217, 1229]}, {"key": "failure-to", "type": "clause", "offset": [1267, 1277]}, {"key": "with-respect-to", "type": "clause", "offset": [1290, 1305]}, {"key": "terms-and-conditions-of-the", "type": "clause", "offset": [1371, 1398]}, {"key": "right-to-change", "type": "clause", "offset": [1475, 1490]}, {"key": "market-conditions", "type": "definition", "offset": [1525, 1542]}, {"key": "close-out", "type": "clause", "offset": [1557, 1566]}, {"key": "subject-to-change-without-notice", "type": "clause", "offset": [1759, 1791]}, {"key": "including-without-limitation", "type": "clause", "offset": [1792, 1820]}, {"key": "margin-rates", "type": "clause", "offset": [1825, 1837]}, {"key": "an-open", "type": "clause", "offset": [1883, 1890]}, {"key": "the-position", "type": "clause", "offset": [1914, 1926]}, {"key": "our-discretion", "type": "clause", "offset": [1930, 1944]}, {"key": "according-to", "type": "definition", "offset": [1987, 1999]}, {"key": "our-rights", "type": "definition", "offset": [2000, 2010]}, {"key": "sole-responsibility", "type": "clause", "offset": [2046, 2065]}, {"key": "in-general", "type": "definition", "offset": [2096, 2106]}, {"key": "retail-client", "type": "definition", "offset": [2135, 2148]}, {"key": "maximum-liability", "type": "clause", "offset": [2154, 2171]}, {"key": "funds-deposited", "type": "clause", "offset": [2190, 2205]}, {"key": "stop-orders", "type": "definition", "offset": [2257, 2268]}, {"key": "records-a", "type": "clause", "offset": [2292, 2301]}, {"key": "cash-position", "type": "definition", "offset": [2311, 2324]}, {"key": "we-believe", "type": "definition", "offset": [2370, 2380]}, {"key": "position-held", "type": "clause", "offset": [2505, 2518]}, {"key": "related-account", "type": "definition", "offset": [2532, 2547]}, {"key": "right-to-set-off", "type": "clause", "offset": [2578, 2594]}, {"key": "debit-balances", "type": "clause", "offset": [2599, 2613]}, {"key": "joint-account", "type": "clause", "offset": [2643, 2656]}, {"key": "an-interest", "type": "clause", "offset": [2725, 2736]}, {"key": "credit-balances", "type": "clause", "offset": [2749, 2764]}, {"key": "other-account", "type": "definition", "offset": [2772, 2785]}, {"key": "partner-company", "type": "definition", "offset": [2843, 2858]}, {"key": "notwithstanding-clause", "type": "clause", "offset": [2896, 2918]}, {"key": "sole-discretion", "type": "clause", "offset": [3011, 3026]}, {"key": "to-enter", "type": "definition", "offset": [3028, 3036]}, {"key": "agreement-with-you", "type": "clause", "offset": [3048, 3066]}, {"key": "unrealised-losses", "type": "definition", "offset": [3204, 3221]}, {"key": "uncleared-funds", "type": "clause", "offset": [3223, 3238]}, {"key": "bank-transfers", "type": "clause", "offset": [3253, 3267]}, {"key": "this-agreement", "type": "clause", "offset": [3317, 3331]}], "samples": [{"hash": "4ZSlz3JgorT", "uri": "/contracts/4ZSlz3JgorT#margin", "label": "CFD and Rolling Spot Fx Terms & Conditions", "score": 26.4715938568, "published": true}, {"hash": "3O3e53xc6EH", "uri": "/contracts/3O3e53xc6EH#margin", "label": "CFD and Rolling Spot Fx Terms & Conditions", "score": 26.4318962097, "published": true}], "snippet": "7.1. As a condition of entering into a margined transaction, you are required to have cleared funds in your account before attempting to open a position. If you do not have sufficient funds to meet your margin requirement you will not be able to place orders or open new positions.\n7.2. Furthermore, you also have a continuing obligation to ensure that your account balance, taking into account running P/L (profit/loss), has sufficient funds to meet your total margin requirement.\n7.3. Where there is a shortfall between your account balance (taking into account running P/L) and your margin requirement for all open transactions, all open positions may be automatically closed out without notice.\n7.4. When the client is near breach or in breach of any margin requirements, we may make a margin call warning in accordance with these terms. We are not obliged to make margin call warnings at all or within a specific time period. Margin call warnings may be made at any time and in any way permitted by these terms. For this reason, it is in your best interest to immediately notify us of any changes in your contact details. We shall be deemed to have made a margin call warning if we notify you electronically via the platform.\n7.5. We shall not be liable for any failure to contact you with respect to a margin call warning. Should we make a margin call warning, the terms and conditions of the margin call warning will be detailed within the warning, and we reserve the right to change the terms and conditions based on market conditions. Our right to close out your positions as provided in 7.3 above shall not be limited or restricted by any margin call warning if, when or where made.\n7.6. You are specifically made aware that margin requirements are subject to change without notice including without limitation the margin rates governing your open positions. When you have an open position, we may close the position at our discretion or at your instruction where possible, or according to our rights under these terms.\n7.7. It is your sole responsibility to monitor your account.\n7.8. In general, if you are designated as a Retail Client your maximum liability to us will be the funds deposited with us. If the markets gaps or slips through your stop orders such that your account records a negative cash position then we will cancel this liability to us. If we believe that you are operating in tandem with another account then we may take funds from either account to cover any negative cash position held in any other related account. We will at any time have the right to set off any debit balances in any accounts (including a joint account and an account held with a Partner Companies) in which you may have an interest against any credit balances on any other account (including any joint account and any account held with a Partner Company) in which you have an interest.\n7.9. Notwithstanding clause 7.8 if you trade in such large sizes as make clause 7.8 untenable for we may decide, at our sole discretion, to enter a separate agreement with you before accepting any further trades from you.\n7.10. We are entitled to retain funds which are required to cover your Margin requirement, unrealised losses, uncleared funds (e.g. pending bank transfers), realised losses and any other amount due under this Agreement.", "size": 27, "hash": "99ab8956e0ae508523dcf0302fa5d6bc", "id": 3}, {"snippet_links": [{"key": "opening-a-transaction", "type": "clause", "offset": [11, 32]}, {"key": "pay-us", "type": "clause", "offset": [58, 64]}, {"key": "initial-margin", "type": "clause", "offset": [69, 83]}, {"key": "you-acknowledge", "type": "clause", "offset": [135, 150]}, {"key": "certain-transactions", "type": "clause", "offset": [179, 199]}, {"key": "for-example", "type": "clause", "offset": [201, 212]}, {"key": "share-cfds", "type": "clause", "offset": [214, 224]}, {"key": "based-on", "type": "definition", "offset": [234, 242]}, {"key": "a-percentage", "type": "definition", "offset": [243, 255]}, {"key": "the-contract-value", "type": "definition", "offset": [259, 277]}, {"key": "the-transaction", "type": "clause", "offset": [281, 296]}, {"key": "in-accordance-with", "type": "clause", "offset": [374, 392]}, {"key": "payable-to", "type": "definition", "offset": [447, 457]}, {"key": "in-contract", "type": "clause", "offset": [689, 700]}, {"key": "you-agree", "type": "clause", "offset": [728, 737]}, {"key": "financial-products", "type": "definition", "offset": [757, 775]}, {"key": "margin-requirements", "type": "clause", "offset": [800, 819]}, {"key": "electronic-trading-service", "type": "definition", "offset": [852, 878]}, {"key": "the-specifications", "type": "definition", "offset": [885, 903]}, {"key": "underlying-instrument", "type": "definition", "offset": [912, 933]}, {"key": "notice-to-you", "type": "clause", "offset": [989, 1002]}, {"key": "margin-obligations", "type": "clause", "offset": [1111, 1129]}, {"key": "to-ensure", "type": "clause", "offset": [1136, 1145]}, {"key": "at-all-times", "type": "definition", "offset": [1151, 1163]}, {"key": "open-transactions", "type": "definition", "offset": [1186, 1203]}, {"key": "margin-cover", "type": "clause", "offset": [1213, 1225]}, {"key": "required-by", "type": "definition", "offset": [1340, 1351]}, {"key": "any-notice", "type": "definition", "offset": [1379, 1389]}, {"key": "notice-of-the", "type": "clause", "offset": [1461, 1474]}, {"key": "required-amount", "type": "definition", "offset": [1475, 1490]}, {"key": "other-non", "type": "clause", "offset": [1614, 1623]}, {"key": "trading-days", "type": "definition", "offset": [1624, 1636]}, {"key": "obligation-to-maintain", "type": "clause", "offset": [1643, 1665]}, {"key": "your-responsibility", "type": "definition", "offset": [1747, 1766]}, {"key": "you-are-required-to", "type": "clause", "offset": [1830, 1849]}, {"key": "a-margin", "type": "definition", "offset": [1951, 1959]}, {"key": "deposited-margin", "type": "definition", "offset": [2008, 2024]}, {"key": "at-the-time", "type": "definition", "offset": [2048, 2059]}, {"key": "cleared-funds", "type": "definition", "offset": [2065, 2078]}, {"key": "to-your-account", "type": "clause", "offset": [2144, 2159]}, {"key": "other-time", "type": "clause", "offset": [2168, 2178]}, {"key": "cover-requirement", "type": "definition", "offset": [2209, 2226]}, {"key": "other-transaction", "type": "clause", "offset": [2245, 2262]}, {"key": "issued-by", "type": "definition", "offset": [2263, 2272]}, {"key": "your-payment", "type": "definition", "offset": [2310, 2322]}, {"key": "your-liability", "type": "clause", "offset": [2408, 2422]}, {"key": "in-respect-of", "type": "definition", "offset": [2423, 2436]}, {"key": "not-limited", "type": "clause", "offset": [2460, 2471]}, {"key": "your-deposit", "type": "clause", "offset": [2475, 2487]}, {"key": "variation-margin", "type": "definition", "offset": [2511, 2527]}, {"key": "responsible-to", "type": "clause", "offset": [2537, 2551]}, {"key": "payment-of", "type": "clause", "offset": [2635, 2645]}, {"key": "responsible-for", "type": "clause", "offset": [2814, 2829]}, {"key": "value-of-the-account", "type": "clause", "offset": [2894, 2914]}, {"key": "payment-in-full", "type": "definition", "offset": [2926, 2941]}, {"key": "without-prior-notice", "type": "clause", "offset": [3006, 3026]}, {"key": "to-attempt-to", "type": "clause", "offset": [3086, 3099]}, {"key": "open-positions", "type": "definition", "offset": [3123, 3137]}, {"key": "our-discretion", "type": "clause", "offset": [3198, 3212]}, {"key": "platform-management", "type": "clause", "offset": [3237, 3256]}, {"key": "margin-level", "type": "clause", "offset": [3270, 3282]}, {"key": "liquidation-level", "type": "clause", "offset": [3299, 3316]}, {"key": "fail-to-maintain", "type": "clause", "offset": [3328, 3344]}, {"key": "required-margin", "type": "definition", "offset": [3349, 3364]}, {"key": "at-any-time", "type": "clause", "offset": [3378, 3389]}, {"key": "from-time-to-time", "type": "clause", "offset": [3395, 3412]}, {"key": "cash-balance", "type": "definition", "offset": [3511, 3523]}, {"key": "loss-to", "type": "clause", "offset": [3581, 3588]}, {"key": "failure-to-close", "type": "clause", "offset": [3647, 3663]}, {"key": "is-likely", "type": "definition", "offset": [3712, 3721]}, {"key": "account-value", "type": "definition", "offset": [3751, 3764]}, {"key": "details-of", "type": "clause", "offset": [3773, 3783]}, {"key": "available-by", "type": "definition", "offset": [3825, 3837]}, {"key": "form-of", "type": "definition", "offset": [3910, 3917]}, {"key": "nominated-account", "type": "definition", "offset": [3947, 3964]}, {"key": "your-account-balance", "type": "clause", "offset": [4040, 4060]}, {"key": "margin-calls", "type": "clause", "offset": [4101, 4113]}, {"key": "reasonable-discretion", "type": "definition", "offset": [4139, 4160]}, {"key": "telephone-call", "type": "definition", "offset": [4207, 4221]}, {"key": "text-message", "type": "definition", "offset": [4241, 4253]}, {"key": "push-notification", "type": "definition", "offset": [4255, 4272]}, {"key": "text-messaging", "type": "clause", "offset": [4302, 4316]}, {"key": "to-contact-us", "type": "clause", "offset": [4576, 4589]}, {"key": "notify-us-immediately", "type": "clause", "offset": [4689, 4710]}, {"key": "change-in", "type": "definition", "offset": [4718, 4727]}, {"key": "your-contact", "type": "clause", "offset": [4728, 4740]}, {"key": "provide-us", "type": "clause", "offset": [4758, 4768]}, {"key": "contact-details", "type": "definition", "offset": [4786, 4801]}, {"key": "contact-address", "type": "clause", "offset": [4887, 4902]}, {"key": "telephone-number", "type": "definition", "offset": [4906, 4922]}, {"key": "in-contact", "type": "definition", "offset": [5029, 5039]}, {"key": "religious-holiday", "type": "definition", "offset": [5053, 5070]}, {"key": "failure-to-satisfy", "type": "clause", "offset": [5198, 5216]}, {"key": "the-terms", "type": "definition", "offset": [5313, 5322]}, {"key": "set-out", "type": "definition", "offset": [5323, 5330]}, {"key": "out-policy", "type": "clause", "offset": [5383, 5393]}], "samples": [{"hash": "8tTq602rxtK", "uri": "/contracts/8tTq602rxtK#margin", "label": "Client Agreement", "score": 32.4442062378, "published": true}, {"hash": "2x65eaA5rd2", "uri": "/contracts/2x65eaA5rd2#margin", "label": "Client Agreement", "score": 32.3816337585, "published": true}, {"hash": "kvvjM2hrcSN", "uri": "/contracts/kvvjM2hrcSN#margin", "label": "Client Agreement", "score": 31.3674259186, "published": true}], "snippet": "17.1. Upon opening a Transaction, you will be required to pay us the Initial Margin for that Trans- action, as calculated by us.\n17.2. You acknowledge that the Initial Margin for certain Transactions (for example, Share CFDs) will be based on a percentage of the Contract Value of the Transaction and there- fore, the Initial Margin due for such Transactions will fluctuate in accordance with the Con- tract Value.\n17.3. Initial Margin is due and payable to us before you enter into a Transaction (and for Trans- actions that have a fluctuating Initial Margin based on a percentage of the Contract Value, immediately on opening the Transaction and thereafter immediately on any in- crease in Contract Value taking place).\n17.4. You agree that for different Financial Products there will be different Margin requirements, which will be displayed on our Electronic Trading Service under the specifications of each Underlying Instrument. The Margin requirements are subject to change without notice to you so you should make yourself aware of the Margin requirements.\n17.5. You also agree that you have continuing Margin obligations to us to ensure that at all times during which you have open Transactions you have Margin Cover in your Account and that it is positive at all times.\n17.6. You must maintain at least the amount of Margin Cover required by us, whether or not we give any notice to you to make those payments or you or whether or not you have actual notice of the required amount. The required amount of Margin Cover can change contin- uously and can change automatically, including over the weekend or other non-trading days. Your obligation to maintain at least the required amount of Margin Cover is contin- uous.\n17.7. It is solely your responsibility to monitor and to satisfy all Margin Cover requirements.\n17.8. You are required to maintain the Margin Cover, which might mean you must deposit more Margin, whether or not we give you a Margin call and even if you are not contactable.\n17.9. Deposited Margin is credited by FinPros at the time that cleared funds have been received into the CMTA and we have applied the payment to your Account or such other time as allowed by us, so a Margin Cover requirement for a Contract or other Transaction issued by us is not satisfied unless and until your payment is received in cleared funds into the CMTA and applied to your Account by us.\n17.10. Your liability in respect of Margin requirements is not limited to your deposit of Initial Mar- gin or Variation Margin. You are responsible to pay any deficit owing to us after Close Out of a Transaction and if you default in payment of such deficit, we may pay the deficit out of the Account or realize any Financial Products held by us and apply the amounts or proceeds against that deficit and you are responsible for the full and prompt discharge of the deficit (which exceeds the value of the Account) by making payment in full to us immediately when that deficit arises.\n17.11. FinPros may (without prior notice to you) Close Out, but will not be obliged to Close Out or to attempt to Close Out, some or all Open Positions, at that time or any later time as we determine (whether in our discretion or by automatic trading platform management) if:\na) your Margin Level falls below the Liquidation Level; or\nb) you fail to maintain the required Margin Cover; or\nc) at any time, and from time to time, FinPros determines that the value of all of your Open Positions (and not taking into account any cash balance in your Account) represents a substantial net unrealized loss to you such that, in our belief, the con- tinued trading, or failure to Close Out, one or more of your Open Positions will or is likely to materially prejudice your Account Value.\n17.12. Details of Margin amounts paid and owing by you are available by logging onto your Ac- count.\n17.13. \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 must be made in the form of cleared funds (paid into the nominated account of FinPros.\n17.14. We are not under any obligation to keep you informed of your Account balance or Margin Cover requirements or to make Margin calls.\n17.15. If we do (in our reasonable discretion) make \u2587\u2587\u2587\u2587\u2587\u2587 calls on you:\na) we may do so by telephone call, post, fax, email, text message, push notification, live pop-up messaging, rich text messaging etc.\nb) the Margin call will be deemed to have been made as soon as you are deemed to have received such notice in accordance with clause 17.5 above;\nc) we will also be deemed to have made a demand on you by telephone if we have left a message requesting you to contact us and you have not done so within the time specified in our message;\nd) it is your responsibility to notify us immediately of any change in your contact de- tails and to provide us with alternative contact details and ensure that our calls for Margin will be met if you will be uncontactable at the contact address or telephone number notified to us (for example because you are travelling or are on holiday, or you are prevented from being in contact because of a religious holiday).\n17.16. We will not be liable for any Losses, costs, expenses or damages incurred or suffered by you as a consequence of your failure to satisfy a Margin call or if we are unable to contact you in making a Margin call.\n17.17. You agree with the terms set out in our Leverage, \u2587\u2587\u2587\u2587\u2587\u2587, Margin Call & Margin Close Out Policy.", "size": 26, "hash": "0bbc72773caa95a1323fb25c5df7c1af", "id": 5}, {"snippet_links": [{"key": "commencement-of-trading", "type": "clause", "offset": [12, 35]}, {"key": "relevant-exchange", "type": "definition", "offset": [43, 60]}, {"key": "duration-of-this", "type": "clause", "offset": [80, 96]}, {"key": "clearing-agreement", "type": "clause", "offset": [97, 115]}, {"key": "exchange-member", "type": "definition", "offset": [121, 136]}, {"key": "customer-shall", "type": "clause", "offset": [137, 151]}, {"key": "provide-to", "type": "clause", "offset": [152, 162]}, {"key": "collateral-and-security", "type": "definition", "offset": [187, 210]}, {"key": "not-limited", "type": "clause", "offset": [260, 271]}, {"key": "other-property", "type": "definition", "offset": [289, 303]}, {"key": "sfp-may", "type": "clause", "offset": [345, 352]}, {"key": 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"in-clause", "type": "clause", "offset": [4089, 4098]}, {"key": "with-respect-to", "type": "clause", "offset": [4233, 4248]}], "samples": [{"hash": "dqvg4xYx32w", "uri": "/contracts/dqvg4xYx32w#margin", "label": "Customer Agreement", "score": 36.4114456177, "published": true}, {"hash": "gDlKExSGUvc", "uri": "/contracts/gDlKExSGUvc#margin", "label": "Customer Agreement", "score": 36.1881484985, "published": true}, {"hash": "bgg4SyG3kFG", "uri": "/contracts/bgg4SyG3kFG#margin", "label": "Customer Agreement", "score": 36.0689239502, "published": true}], "snippet": "1. Prior to commencement of trading on the relevant exchange and throughout the duration of this Clearing Agreement, the Exchange Member Customer shall provide to, and maintain with, SFP collateral and security in such form, and for such amount (including but not limited to cash and such other property as SFP deem acceptable as collateral) as SFP may, from time to time, require in SFP\u2019s absolute discretion as security for:\n(a) SFP providing the clearing arrangements and clearing the Exchange Member Customer\u2019s Exchange Transactions;\n(b) any and all liability which SFP may assume when providing clearing arrangements hereunder and clearing the Exchange Member Customer\u2019s Exchange Transactions, including but not limited to any indemnity, guarantee or other liability which SFP may assume to the relevant exchange or clearing house, pursuant to all Applicable Laws;\n(c) the performance of the Exchange Member Customer\u2019s obligations under this Clearing Agreement, the Customer Agreement and in respect of each Exchange Transaction; and\n(d) the payment of all sums of money, and the delivery of all property, which are now or shall at any time be owing or deliverable to SFP anywhere on the Exchange Member Customer\u2019s accounts with SFP or the Exchange Member Customer\u2019s Exchange Transactions whatsoever, whether from the Exchange Member Customer solely or jointly with any other person or persons.\n2. The Exchange Member Customer hereby acknowledges and accepts that:\n(a) where the Margin of the Exchange Member Customer in the possession or control of SFP is held in a trust account or subject to a trust in favour of the Exchange Member Customer or held with a clearing house or a member of a futures exchange or a member of an overseas futures exchange or otherwise, then unless otherwise agreed between SFP and the Exchange Member Customer or otherwise required by law or such Intermediaries, such Margin will be held commingled with Margin of other customers of SFP;\n(b) one result of the preceding is that it would be administratively difficult and as a matter of economic costs counter-productive to attempt to allocate the respective interest entitlement (if the trust account is interest bearing) on an individual basis. This is primarily because of the constant fluctuations in the value of the commingled Margin in such trust account;\n(c) it is a condition for SFP accepting the Exchange Member Customer as a customer that the Exchange Member Customer agrees, to the fullest extent permitted by law, therefore to waive and relinquish in favour of SFP any and all rights and entitlements to interest and investment earnings accruing to the Exchange Member Customer\u2019s share of Margin, whether held in such trust account or subject to a trust in favour of the Exchange Member Customer or held with any clearing house as collateral for any applicable Transaction (including without limitation any futures contract Transactions) in respect of the Exchange Member Customer (such portion of Margin held with any clearing house referred to herein as \u201cClearing House Collateral\u201d);\n(d) at no time shall SFP be held liable or responsible in any way for any Loss suffered or incurred by the Exchange Member Customer as a result of any investment of Clearing House Collateral by any clearing house;\n(e) the deposit or provision of any Clearing House Collateral in any clearing house shall be subject to:\n(i) the clearing rules of such clearing house;\n(ii) any security deed or document which such clearing house may require its clearing members to enter into to govern the provision of Clearing House Collateral (which form may be prescribed and amended or supplemented from time to time by such clearing house); and\n(iii) any applicable law or regulation (including without limitation the SFA).\n(f) the Exchange Member Customer by applying to open an Account with SFP and being a customer of SFP and/or accessing or using any of SFP\u2019s services shall therefore be deemed to agree to (and SFP will and does materially rely on the effectiveness of) such waiver and relinquishment as set out in Clause A6.1.3.2(c); and\n(g) SFP may however pay from time to time such portion of any actual interest and investment earnings it may receive with respect to such Margin as it deems appropriate.", "size": 15, "hash": "290730b56ddde7bf0856f48238c6db28", "id": 10}], "next_curs": "Ck8SSWoVc35sYXdpbnNpZGVyY29udHJhY3RzcisLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ig9tYXJnaW4jMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Margin", "children": [["margin-calls", "Margin Calls"], ["exceptions", "Exceptions"], ["initial-margin", "INITIAL MARGIN"], ["requirement-to-maintain-sufficient-margin-continuously", "Requirement to Maintain Sufficient Margin Continuously"], ["", ""]], "parents": [["derivatives", "Derivatives"], ["options", "Options"], ["interest", "Interest"], ["risk-disclosure", "RISK DISCLOSURE"], ["governing-law", "Governing Law"]], "size": 1336, "id": "margin", "related": [["applicable-margin", "Applicable Margin", "Applicable <strong>Margin</strong>"], ["interest-and-applicable-margins", "Interest and Applicable Margins", "Interest and Applicable <strong>Margins</strong>"], ["applicable-margins", "Applicable Margins", "Applicable <strong>Margins</strong>"], ["applicable-rate", "Applicable Rate", "Applicable Rate"], ["reserve-percentage", "Reserve Percentage", "Reserve Percentage"]], "related_snippets": [], "updated": "2026-06-28T07:51:00+00:00"}, "json": true, "cursor": ""}}