Examples of AFEX Markets in a sentence
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.
Where Client also transacts with AFEX Markets to carry out MiFID business, Client acknowledges that Initial Margin and Variation Margin may also be held by AFEX Markets in accordance with Client’s agreement with AFEX Markets and that a Margin Call may be made by either AFEX Markets or AFEX UK.
For the avoidance of doubt, where Client also transacts with AFEX Markets to carry out MiFID business, Client acknowledges and agrees that the right of set-off in this Clause 4.3 shall apply to amounts owing to AFEX Markets by Client and amounts owing to Client by AFEX Markets and that margin held by AFEX Markets may be used to satisfy this set-off right.
Client acknowledges and consents to AFEX netting Orders for the purpose of satisfying any Margin Call issued by AFEX and/or for satisfying any shortfall incurred by AFEX on the liquidation of any or all Orders, including, for the avoidance of doubt, Orders entered into with AFEX Markets.
Client acknowledges and agrees that where Initial Margin or Variation Margin is held by AFEX Markets the such Initial Margin or Variation Margin shall be treated as being held in connection with AFEX Markets’ MiFID business.
For the avoidance of doubt where Client also transacts with AFEX Markets to carry out MiFID business, Client acknowledges and agrees that the right of set-off in this Clause 4.3 shall apply to amounts owing to AFEX Markets by Client and amounts owing to Client by AFEX Markets and that margin held by AFEX Markets may be used to satisfy this set-off right.
Client acknowledges and agrees that where Initial Margin or Variation Margin is held by AFEX Markets, such Initial Margin or Variation Margin shall be treated as being held in connection with AFEX Markets’ MiFID business.
Where Client also transacts with AFEX Markets to carry out MiFID business, Client acknowledges that Initial Margin and Variation Margin may also be held by AFEX Markets in accordance with Client’s agreement with AFEX Markets and that a Margin Call may be made by either AFEX Markets or AFEX Ireland.
For the avoidance of doubt where Client also transacts with AFEX Markets to carry out MiFID business, Client acknowledges and agrees that the right of set-off in this Clause 3.3 shall apply to amounts owing to AFEX Markets by Client and amounts owing to Client by AFEX Markets and that margin held by AFEX Markets may be used to satisfy this set-off right.