Margin Closeout definition
Examples of Margin Closeout in a sentence
In the event of a Margin Closeout OANDA may close all of your Open Positions.
After the Trade is executed, OANDA ▇▇▇▇▇▇ 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.
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.
At the time of the Margin Closeout, the USD/SEK price on fxTrade is 8.54248/8.54652.
You have a long position of 40,000,000 USD/SEK, and a downward move in the USD/SEK price causes a Margin Closeout of the position.
You acknowledge that not having sufficient funds to meet OANDA’s Margin Requirement could result in a Margin Closeout.
You acknowledge that without having sufficient funds to meet OANDA’s Margin Requirement could result in a Margin Closeout.
It is provided that in case of set Limit Orders, open positions will be closed automatically upon either reaching a Limit Order, or according to the Margin Close-out Protection mechanism as per paragraph 13.6, whichever takes place first.
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.
You acknowledge that not having sufficient funds to meet OANDA’s Margin Requirement could result in a Margin Closeout, and that funding options for accounts trading in cryptocurrency CFDs may be restricted, due to restrictions placed by payments providers, and this may have implications for the speed at which you may be able to deposit sufficient funds to meet OANDA’s Margin Requirement.