Common use of Return of Variation Margin Clause in Contracts

Return of Variation Margin. If the unrealised loss of all open Forward Contracts with AFEX by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on AFEX’s computation on any Business Day, then Client may request that AFEX return to it the difference between the amount(s) held and the Variation Margin required to be held by AFEX Markets on that Business Day. Any such request must be made, in writing, before 12.00, AFEX Local Time, on the same Business Day, and AFEX will process the request on the Business Day on which it was made and the surplus Variation ▇▇▇▇▇▇ will be returned in a timely manner. Any request made after 12.00 AFEX Local Time, will be processed by AFEX the following Business Day and the Variation Margin will be returned to Client in a timely manner. BUS_ACC_OPEN_IR_1219_EC

Return of Variation Margin. If the unrealised loss of all open Forward Contracts with AFEX by Client falls below the Variation Margin requirements established elsewhere in this Agreement, based on AFEX’s computation on any Business Day, then Client may request that AFEX return to it the difference between the amount(s) held and the Variation Margin required to be held by AFEX Markets on that Business Day. Any such request must be made, in writing, before 12.0012.00 p.m., AFEX Local Time, on the same Business Day, and AFEX will process the request on the Business Day on which it was made and the surplus Variation ▇▇▇▇▇▇ Margin will be returned in a timely manner. Any request made after 12.00 p.m., AFEX Local Time, will be processed by AFEX the following Business Day and the surplus Variation Margin will be returned to Client in a timely manner. BUS_ACC_OPEN_IR_1219_EC.