Examples of Margin Closeout in a sentence
This means that a separate Cash balance, Net Equity, Trading Resource, Total Margin and Margin Close-out Level will apply for each Account, and following an Event of Default, CIL Trigger Event or Clearing House Default, the Trades and Open Positions in respect of each Account will be dealt with separately from the Trades and Open Positions in respect of each other Account.
After the Trade is executed, OANDA xxxxxx the Margin Closeout Trades by executing the following trades with liquidity providers: Buy 60,000,000 EUR/USD at 1.09340 Buy 40,000,000 EUR/USD at 1.09345 Buy 25,000,000 EUR/USD at 1.09347 Note that the trade size is specified as a positive value when it is a buy trade.
At the time of the Margin Closeout, the EUR/USD price on fxTrade is 1.09346/1.09355.
In the event of a Margin Closeout OANDA may close all of your Open Positions.
Causing Large Buy Transaction You have a short position of 125,000,000 EUR/USD, and an upward move in the EUR/USD price causes a Margin Closeout of the position.
This means that a separate Cash balance, Net Equity, Trading Resource, Total Margin and Margin Close-out Level will apply for each Account, and following an Event of Default, the Trades and Open Positions in respect of each Account will be dealt with separately from the Trades and Open Positions in respect of each other Account.
Price Difference = (volume-weighted cost + 0.0001 ) - executed price = ( 1.09343 + 0.0001 ) - 1.09355 = -0.00002 USD Note that the 1.0-pip is added to the volume-weighted cost because the Margin Closeout is a buy Trade, and 1.0-pip on EUR/USD equals 0.0001 USD.
Nothing in this Agreement shall be taken to mean that OANDA is required to provide you with time to respond prior to a Margin Closeout when in its sole discretion OANDA deems it necessary to take immediate action.
After the Trade is executed, OANDA xxxxxx the Margin Closeout Trades by executing the following trades with liquidity providers: Sell 30,000,000 USD/SEK at 8.54208 Sell 10,000,000 USD/SEK at 8.54244 Note that the trade size is specified as a negative value when it is a sell trade.
At the time of the Margin Closeout, the USD/SEK price on fxTrade is 8.54248/8.54652.