Margin close definition

Margin close means the immediate closing of the Debtor’s open positions according to the Margin close.
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Margin close. Out (MCO)” shall mean the standardized percentage of the margin at which the Company is required to close out a CFD or multiple CFDs. The MCO has been set at 50% to ensure that clients’ margin is not eroded close to zero, which is in line with examples of good practice in the industry. The rule does not prevent clients from choosing to ‘top up’ their margin if they wish to do so.
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Examples of Margin close in a sentence

  • If the Margin Level for your Account reaches or falls below the Margin Close Out Level, this will be classified as an Event of Default under clause 17.

  • In such circumstances we may, among other things, (i) close all or any of your Open Positions immediately and without notice, and/or (ii) refuse to execute new Trades until your Margin Level exceeds the Margin Close Out Level.

  • It is your responsibility to monitor your Account(s) at all times and to maintain your Margin Level above the Margin Close Out Level.

  • We have the right to change this Margin Close Out level at our discretion.

  • This means that if your Margin Level falls below the Margin Close Out level of 50%, you will receive a stop out and your open positions will start liquidating, without any notice by us to you, starting from the position with the highest losses.

  • It is your responsibilityto monitor your Account(s) at all times and to maintain your Margin Level above the Margin Close Out Level.

  • The process that we normally put into effect upon your Margin Close Out Level being triggered is set out below.

  • If your Margin Close Out Level is triggered, we shall in the first instance cancel all your working Orders to reduce your Total Margin Required on your Account.

  • This means that if your Margin Level reaches or falls below the Margin Close Out level of 50%, you will receive a stop out and your open positions will start liquidating, without any notice by us to you, starting from the position with the highest losses.

  • Margin Close out Level (Stop Out) Stop Out Level is when your Margin Level falls to a specific percentage (%) level in which all your open positions are closed automatically (“liquidated”) If your Margin Covered Percentage is at or below the Margin Close Out Level, this is an Event of Default under our Terms of Business, and we will be entitled to cancel any of your working Orders and/or close all or any of your open trades without notice to you.

Related to Margin close

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Commercial Close means the date the Project Agreement is signed by the Preferred Proponent and the Signing Parties;

  • Financial Close means the Capacity Market Seller has demonstrated that the Capacity Market Seller or its agent has completed the act of executing the material contracts and/or other documents necessary to (1) authorize construction of the project and (2) establish the necessary funding for the project under the control of an independent third-party entity. A sworn, notarized certification of an independent engineer certifying to such facts, and that the engineer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration. For resources that do not have external financing, Financial Close shall mean the project has full funding available, and that the project has been duly authorized to proceed with full construction of the material portions of the project by the appropriate governing body of the company funding such project. A sworn, notarized certification by an officer of such company certifying to such facts, and that the officer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration.

  • First Closing has the meaning set forth in Section 2.1(a).

  • Second Closing has the meaning set forth in Section 2.2.

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Option Closing Time has the meaning given to it in Section 16(1);

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Second Closing Date means the date of the Second Closing.

  • Debt Purchase Transaction means, in relation to a person, a transaction where such person:

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Financial Closing means the execution of the Financing Documents by all the parties thereto, and the fulfillment of all conditions precedent thereunder necessary to permit the advance of funds to pay amounts due under this Agreement.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • IPO Closing means the initial closing of the sale of the Class A Common Stock in the IPO.

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Tender Closing Date means the date and time set out in column (C) of Part 1 of the Schedule to the Tender Notice;

  • Additional Closing has the meaning set forth in Section 2.3.

  • Scheduled Closing Time means, in respect of an Exchange or Related Exchange and a Scheduled Trading Day, the scheduled weekday closing time of such Exchange or Related Exchange on such Scheduled Trading Day, without regard to after hours or any other trading outside of the regular trading session hours.

  • Financial Closing Date means the date of the closing of the initial agreements for any Financing of the Facility and of an initial disbursement of funds under such agreements.