Common use of Requirement for margin Clause in Contracts

Requirement for margin. The Client acknowledges and agrees that: (a) the Client shall hold sufficient margin on his/her account, as advised by GPP Markets to the Client from time to time; (b) GPP Markets may change its margin requirements at any time (including to align with the market conditions) in its absolute discretion, and may amend or introduce any other requirements for the payment of money or provision of security in the future; (c) the amount of the margin may be higher or lower than that required by other institutions in the same industry; (d) although GPP Markets is not obliged to make margin calls, the Client may receive a margin call from GPP Markets to deposit additional funds if the margin in the Client’s account concerned is too low and/or falls below the minimum margin requirements set by GPP Markets from time to time; (e) if GPP Markets makes a margin call, the Client acknowledges that GPP Markets may refuse any request to enter into any further Contracts (other than to close out any existing Contracts) until GPP Markets has confirmed receipt of the additional margin in cleared funds; (f) whilst holding an open position in Contracts, the Client will provide GPP Markets with contact information which can be used to contact the Client at all times; (g) if GPP Markets requires additional margin, the Client shall immediately meet all the requirements in the notice of margin calls with the deposit method required by GPP Markets; (h) GPP Markets has the right to liquidate any or all-open positions in Contracts whenever the minimum margin requirement is not maintained and this may result in the Client’s Contracts being closed at a loss for which the Client will be liable; (i) the time by which the Client must pay any amount called is of the essence; (j) failure by you to pay any amount called at the time stipulated by us will be a Default Event; (k) where a margin call is made on a Contract and the amount called has not been received in cleared funds, GPP Markets may pay into the Client Bank Account (as an advance bearing interest and due and owing by you to us subject to the terms of this Agreement):

Requirement for margin. The Client acknowledges and agrees that: (a) the Client shall hold sufficient margin on his/her account, as advised by GPP Markets ROCKFORT to the Client from time to time; (b) GPP Markets ROCKFORT may change its margin requirements at any time (including to align with the market conditions) in its absolute discretion, and may amend or introduce any other requirements for the payment of money or provision of security in the future; (c) the amount of the margin may be higher or lower than that required by other institutions in the same industry; (d) although GPP Markets ROCKFORT is not obliged to make margin calls, the Client may receive a margin call from GPP Markets ROCKFORT to deposit additional funds if the margin in the Client’s account concerned is too low and/or falls below the minimum margin requirements set by GPP Markets ROCKFORT from time to time; (e) if GPP Markets ROCKFORT makes a margin call, the Client acknowledges that GPP Markets ROCKFORT may refuse any request to enter into any further Contracts (other than to close out any existing Contracts) until GPP Markets ROCKFORT has confirmed receipt of the additional margin in cleared funds; (f) whilst holding an open position in Contracts, the Client will provide GPP Markets ROCKFORT with contact information which can be used to contact the Client at all times; (g) if GPP Markets ROCKFORT requires additional margin, the Client shall immediately meet all the requirements in the notice of margin calls with the deposit method required by GPP MarketsROCKFORT; (h) GPP Markets ROCKFORT has the right to liquidate any or all-open positions in Contracts whenever the minimum margin requirement is not maintained and this may result in the Client’s Contracts being closed at a loss for which the Client will be liable; (i) the time by which the Client must pay any amount called is of the essence; (j) failure by you to pay any amount called at the time stipulated by us will be a Default Event; (k) where a margin call is made on a Contract and the amount called has not been received in cleared funds, GPP Markets ROCKFORT may pay into the Client Bank Account (as an advance bearing interest and due and owing by you to us subject to the terms of this Agreement): (l) an amount of money not less than the lesser of the Client’s liability under the margin call and the amount which ROCKFORT would be obliged to call on the Client at the date the margin call was made; and (m) any amount arising as a result of debit balances from realised losses or otherwise, and ROCKFORT may withdraw those sums in accordance with Governing Legislation; (n) positions in your Account may be closed automatically if the equity in your Account has been reduced due the unrealised losses on the open positions in your Account, and you may not be given any warning or receive any margin calls prior to the position(s) being closed; (o) the Client will only be entitled to a refund of a margin (in part or full), once the Client’s obligations under this Agreement are satisfied in full (although ROCKFORT may, in its sole discretion, allow the Client to withdraw from the Client’s Account any excess margin in the Client’s Account); (p) any decision by ROCKFORT as to the amount and the time for payment of a margin call will be final and binding on the Client; (q) the Client’s liability in respect of margin calls is not limited to the amount, if any, deposited with ROCKFORT; and (r) ROCKFORT shall not be held responsible for Account losses from automatic liquidation of open position caused by insufficient margin.