Examples of Customer Margin in a sentence
The undersigned agrees to be bounded by the terms of Apex’s Retirement Custodial Account Agreement, Apex’s Customer Account Agreement and/or Apex’s Customer Margin and Short Account Agreement.
References to any Account in this section are references only to an Account in which ICE Futures Singapore Contracts may be recorded and the terms 'Customer Margin Account', 'Customer Position Account', 'Proprietary Margin Account' and 'Proprietary Position Account' shall be construed accordingly.
Not used.] Rule 704 Credit and Debit of Accounts (a) The Clearing House shall make any necessary credits or debits to or from Clearing Members' Proprietary Margin Account and Customer Margin Account, as appropriate, arising as a result of each cash settlement and delivery in accordance with Part 3.
Each Clearing Member acknowledges that any contractual rights or receivables it may have from time to time to any Surplus Collateral from the Clearing House in relation to its Customer Margin Account shall be held on trust by it for the relevant Customer to the extent required by Regulations 16 and 26 of the SF(LCB)R.
References to any Account in this section are references only to an Account in which F&O Contracts may be recorded and the terms 'Customer Margin Account', 'Customer Position Account', 'Proprietary Margin Account' and 'Proprietary Position Account' shall be construed accordingly.
Subject to such agreement, such collateral may, but is not required hereunder to, be transferred to a Customer Margin Account of the Clearing Member and will, if so transferred, be treated as Surplus Collateral to the extent that a greater value of Permitted Cover is credited to the relevant Customer Margin Account than the Margin requirement for that Customer Margin Account.
The term "Customer Account" means any one customer account at the Clearing House of the various different Customer Account Categories and comprises in the case of each Customer Account the related Customer Position Account and Customer Margin Account.
The "Proprietary Margin Account" forms part of a Proprietary Account and the term means an account with the Clearing House which is not a Customer Margin Account, opened in the name of a Clearing Member for the recording of debits and credits of Margin in respect of Proprietary Account Contracts recorded in the related Proprietary Position Account, which may be divided for administrative convenience only into sub-accounts.
Notwithstanding the provisions of the preceding paragraph, with regard to the brokerage of transactions, a Broker Member may, with the written consent of the customer, receive a deposit of Customer Margin from the customer.
Service Fees for FX Conversion Services generally involve a Customer Margin charged on top of the FX Base Rate.