Examples of Margin Call in a sentence
For the avoidance of doubt, upon the repayment of the Loaned Assets at the termination of a Loan, Customer shall return to Borrower the same amount and type of Collateral that was deposited, net of any Additional Collateral, Margin Call, or Refunded Collateral adjustments (as defined below).
Borrower shall have eighteen (18) hours from the time Customer sends such First Notification to (x) respond and send payment to Customer in accordance with subsection (d) below, or (y) respond that the value of the Loaned Assets, value of the Collateral, or spot rate as indicated on the Exchange has decreased sufficiently such that it is no longer at or above the Margin Call Spot Rate.
If Customer requires Borrower to contribute Additional Collateral, it shall send an email notification (the “First Notification”) to the Borrower at the email address specified in the Notice section of the Master Agreement (or such other address as the parties shall agree to in writing) that sets forth: (i) the value of the Loaned Assets, (ii) the value of the Collateral, (iii) the Margin Call Spot Rate and (iv) the amount of Additional Collateral required based on the Margin Call Spot Rate.
A Margin Call occurs when there is a shortage of free margin on the client's personal account, which can be resolved by either crediting the account or closing some open positions to maintain the Margin Level at a sufficient level.
If Borrower requires Customer to repay Refunded Collateral, it shall send an email notification (the “First Refund Notification”) to the Customer at the Customer Email that sets forth: (i) the value of the Loaned Assets, (ii) the value of the Collateral, (iii) the Collateral Refund Spot Rate and (iv) the amount of Additional Collateral required based on the Margin Call Spot Rate.