Margin Close definition

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

  • For Trading Accounts held by Professional Client the Margin Close out level is at 20%.

  • You agree with the terms set out in our Leverage, ▇▇▇▇▇▇, Margin Call & Margin Close Out Policy.

  • 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.

  • We may alter the Margin Close Out Level applicable to your Account at any time without any prior notice.

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

  • 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.

  • Subject to our rights in clauses 16 and 17, we will provide you with at least three (3) days notice of any change to your Margin Close Out Level.

  • It is your responsibility to remain informed about the Margin Close Out Level applicable to your Account.

  • We may alter the Margin Close Out Level applicable to your Account at any time.

  • We do not however guarantee that your Open Positions will be closed when the Margin Level for your Account reaches the Margin Close Out Level or that your losses will be limited to the amount of funds you have deposited in your Account.

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.

  • 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 2.2(a).

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