Common use of Return of Variation Margin Clause in Contracts

Return of Variation Margin. If the unrealised loss of all open Transactions with Argentex by Client (based on Argentex’s computation on any Business Day) falls below the Variation Margin held by Argentex, or if there is an unrealised gain on all open Transactions with Argentex by the Client, then Client may request that Argentex return to it the difference between the unrealised loss of all open Transactions and the Variation Margin held by Argentex, or the amount of the unrealised gain, on the next Business Day, and upon such payment to the Client, shall cease to be credit support

Appears in 2 contracts

Sources: Terms and Conditions, Terms and Conditions