CMRM definition
Examples of CMRM in a sentence
Any Initial Margin delivered by Client and received by CMRM is non- refundable and will be applied to satisfy Client’s total payment obligation owed to CMRM with respect to the relevant Instrument on the Value Date or any other amount permitted by the Agreement.
If Client fails to make immediate payment in full Settlement for an Order or Instruction, CMRM has the right to suspend the Agreement; terminate the Agreement; terminate, close or unwind any Order; terminate any Instruction; initiate any proceedings and take any other steps necessary to recover any Settlement amount or Balance Due.
If Client does not receive any Contract Note or periodic statement which has fallen due, Client must inform CMRM without delay.
CMRM is hereby authorised by Client to accept, act and rely upon any instruction, whether oral or written, that CMRM reasonably believes to have been made by, or on behalf of, Client.
CMRM Services relate to Instruments whose price depends on fluctuations in the financial markets outside of CMRM’s control.
The provisions of Clause 21 shall apply in respect of FCA Client Money where this is required in order to secure CMRM against any indebtedness or other obligations at any time owing from Client to CMRM.
In the event of CMRM’s acceptance of a Settlement Extension Request, Client agrees to pay to CMRM on demand within one (1) clear Business Day the amount of any and all Losses incurred by Corpay and any fee assessed by Corpay to Client in connection with its fulfilment of the Settlement Extension Request.
Client agrees that CMRM may, free of any adverse interest of Client’s or any other person, grant a security interest over Margin provided by Client to cover any of CMRM’s obligations to an intermediate broker or trading market, including obligations owed by virtue of the positions held by CMRM or another of its customers.
Client hereby: (i) represents to CMRM that such Counterparty Data as Client delivers is, at the time of delivery, true, accurate and complete in every material respect; (ii) acknowledges and agrees that CMRM may use the Counterparty Data to comply with CMRM’s Reporting Obligation and rely on the Counterparty Data without investigation, unless and until Client informs CMRM otherwise; and (iii) undertake to provide CMRM, on reasonably notice, with any material changes or updates to the Counterparty Data.
At no time and in no circumstances will CMRM perform any discretionary portfolio management services for Client.