{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "the-percentage", "type": "definition", "offset": [3, 17]}, {"key": "value-of-the-collateral", "type": "clause", "offset": [25, 48]}, {"key": "the-customer", "type": "definition", "offset": [61, 73]}, {"key": "to-borrow", "type": "clause", "offset": [87, 96]}, {"key": "to-secure", "type": "clause", "offset": [111, 120]}, {"key": "other-forms", "type": "clause", "offset": [121, 132]}, {"key": "financial-accommodation", "type": "clause", "offset": [136, 159]}, {"key": "from-the-company", "type": "clause", "offset": [161, 177]}], "size": 38, "snippet": "is the percentage of the value of the Collateral up to which the Customer is permitted to borrow (or otherwise to secure other forms of financial accommodation) from the Company against the Collateral.", "samples": [{"hash": "8aciodGb2HC", "uri": "/contracts/8aciodGb2HC#margin-ratio", "label": "Securities Trading Account Agreement", "score": 26.0212192535, "published": true}, {"hash": "dmQfIdncISm", "uri": "/contracts/dmQfIdncISm#margin-ratio", "label": "Securities Client Agreement", "score": 25.9253940582, "published": true}, {"hash": "7Id1EQLVNWx", "uri": "/contracts/7Id1EQLVNWx#margin-ratio", "label": "Securities Client Agreement", "score": 25.2655715942, "published": true}], "hash": "197c8634834e1a4bd4a839ab00e99a8b", "id": 1}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "market-value", "type": "definition", "offset": [35, 47]}, {"key": "the-purchased-securities", "type": "clause", "offset": [51, 75]}, {"key": "at-the-time", "type": "clause", "offset": [76, 87]}, {"key": "the-transaction", "type": "clause", "offset": [93, 108]}, {"key": "entered-into", "type": "clause", "offset": [113, 125]}, {"key": "divided-by", "type": "clause", "offset": [126, 136]}, {"key": "the-purchase-price", "type": "clause", "offset": [137, 155]}, {"key": "relates-to", "type": "definition", "offset": [190, 200]}, {"key": "by-the-parties", "type": "clause", "offset": [276, 290]}, {"key": "a-separate", "type": "definition", "offset": [344, 354]}, {"key": "of-securities", "type": "clause", "offset": [391, 404]}], "size": 28, "snippet": "with respect to a Transaction, the Market Value of the Purchased Securities at the time when the Transaction was entered into divided by the Purchase Price (and so that, where a Transaction relates to Securities of different descriptions and the Purchase Price is apportioned by the parties among Purchased Securities of each such description, a separate Margin Ratio shall apply in respect of Securities of each such description), or such other proportion as the parties may agree with respect to that Transaction;", "samples": [{"hash": "debO8VXpg9d", "uri": "/contracts/debO8VXpg9d#margin-ratio", "label": "Global Master Repurchase Agreement (PIMCO Asset-Based Lending Co LLC)", "score": 37.2436687201, "published": true}, {"hash": "bZtBn0JW3Ab", "uri": "/contracts/bZtBn0JW3Ab#margin-ratio", "label": "Global Master Repurchase Agreement", "score": 31.3408622742, "published": true}, {"hash": "67vQS6STmT4", "uri": "/contracts/67vQS6STmT4#margin-ratio", "label": "Global Master Repurchase Agreement", "score": 31.3408622742, "published": true}], "hash": "516e21c99547a18dd154212798e398ab", "id": 2}, {"snippet_links": [{"key": "loan-ratio", "type": "definition", "offset": [11, 21]}, {"key": "by-the-bank", "type": "clause", "offset": [36, 47]}, {"key": "from-time-to-time", "type": "clause", "offset": [48, 65]}, {"key": "in-its-discretion", "type": "clause", "offset": [66, 83]}, {"key": "the-customer", "type": "definition", "offset": [111, 123]}, {"key": "applicable-to", "type": "clause", "offset": [156, 169]}, {"key": "in-accordance-with", "type": "definition", "offset": [236, 254]}, {"key": "charged-securities", "type": "definition", "offset": [295, 313]}, {"key": "the-bank-may", "type": "clause", "offset": [315, 327]}, {"key": "at-any-time", "type": "clause", "offset": [328, 339]}, {"key": "determine-the", "type": "clause", "offset": [379, 392]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [453, 479]}, {"key": "variation-of", "type": "clause", "offset": [483, 495]}], "size": 7, "snippet": "means such loan ratio as determined by the Bank from time to time in its discretion (which will be notified to the Customer upon the Customer\u2019s enquiry) as applicable to each of the specific securities (i) to be purchased or subscribed in accordance with an Instruction or (ii) comprised in the Charged Securities. 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126]}, {"key": "financial-accommodation", "type": "clause", "offset": [130, 153]}, {"key": "to-the-client", "type": "clause", "offset": [213, 226]}, {"key": "from-time-to-time", "type": "clause", "offset": [227, 244]}], "size": 4, "snippet": "means the percentage value of the Collateral up to which the Client is permitted to borrow (or otherwise to secure other forms of financial accommodation) from Huatai against the Collateral, as notified by Huatai to the Client from time to time;", "samples": [{"hash": "1InOc56bO3Q", "uri": "https://www.htsc.com.hk/uploads/HK011-08-202305-Brokerage-Terms-and-Conditions-for-Retail-Clients.pdf", "label": "www.htsc.com.hk", "score": 18.1508350372, "published": false}, {"hash": "fVNB4esjWNH", "uri": "https://www.htsc.com.hk/files/download/HK011-06202207-Brokerage-Terms-and-Conditions-for-Retail-Clients_Eng.pdf", "label": "www.htsc.com.hk", "score": 11.2655715942, "published": false}, {"hash": "cufB8mD6sa5", "uri": 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"offset": [348, 360]}, {"key": "agreement-to", "type": "definition", "offset": [373, 385]}, {"key": "equal-to", "type": "definition", "offset": [425, 433]}], "size": 4, "snippet": "(also called \"Haircut\") means, with respect to each Repurchase Transaction or Securities Loan, the percentage agreed by the parties by which the Liabilities of the Seller or the Borrower in relation to the Repurchase Price and/or the Loaned Securities, respectively, are multiplied, as provided under \"Liabilities\" above, in order to determine the Net Exposure; failing an agreement to that effect, the Margin Ratio shall be equal to", "samples": [{"hash": "3nHfepx2LRk", "uri": "https://www.cnb.cz/export/sites/cnb/en/financial-markets/.galleries/regulations/master_agreement_ft_2010_11_annex_mma.pdf", "label": "Master Agreement", "score": 9.5338811874, "published": false}, {"hash": "5sGEM5n2Esj", "uri": 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{"hash": "5t4eYXWTDxq", "uri": "/contracts/5t4eYXWTDxq#margin-ratio", "label": "Facility Agreement (Mitchells & Butlers PLC)", "score": 19.0, "published": true}], "hash": "5e1cba0db1cbd39ea164c86f6b13c9b3", "id": 9}, {"snippet_links": [{"key": "the-current", "type": "clause", "offset": [35, 46]}, {"key": "actual-percentage", "type": "definition", "offset": [47, 64]}, {"key": "by-the-client", "type": "clause", "offset": [84, 97]}, {"key": "in-relation-to", "type": "clause", "offset": [98, 112]}, {"key": "actual-cash", "type": "definition", "offset": [180, 191]}, {"key": "margin-trading", "type": "definition", "offset": [207, 221]}], "size": 3, "snippet": "Level: (Current/Actual) shall mean the current/actual percentage of Cash maintained by the Client in relation to Equity. It is calculated as: Margin Ratio Level (Current/Actual) = Actual Cash maintained for Margin Trading / Equity.", "samples": [{"hash": "WvYu4EnJRN", "uri": "/contracts/WvYu4EnJRN#margin-ratio", "label": "Investment Services Agreement", "score": 27.8665294647, "published": true}, {"hash": "6lEOcnka0Iv", "uri": "/contracts/6lEOcnka0Iv#margin-ratio", "label": "Investment Services Agreement", "score": 27.4065704346, "published": true}, {"hash": "k1iDcg5Hi0y", "uri": "/contracts/k1iDcg5Hi0y#margin-ratio", "label": "Investment Services Agreement", "score": 27.1806983948, "published": true}], "hash": "b0affda6818083c8ec6915e488814aed", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIVbWFyZ2luLXJhdGlvIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 158, "snippet": "is the percentage of the value of the Collateral up to which the Customer is permitted to borrow (or otherwise to secure other forms of financial accommodation) from the Company against the Collateral.", "title": "Margin Ratio", "id": "margin-ratio", "examples": ["If at any time while a Loan is outstanding the <strong>Margin Ratio</strong> for such Loan is equal to or less than the Liquidation Ratio (whether or not a Collateral Call Notification has been sent or is awaiting response) (a \u201cLiquidation Trigger\u201d), Lender may, at its sole discretion and with no notice required to Borrower, immediately liquidate Collateral and apply the proceeds of such liquidation, less the amount of the Liquidation Fee, to repayment of the Total Loan Balance, as provided below.", "For the avoidance of doubt, \u2587\u2587\u2587\u2587\u2587\u2587 shall have no obligation to approve the withdrawal of any Excess Collateral to the extent that the withdrawal of such Excess Collateral would result in the <strong>Margin Ratio</strong>, as determined by Lender in its sole discretion, being less than the Required <strong>Margin Ratio</strong> after giving effect to such withdrawal of Excess Collateral.", "Upon execution of a Loan Term Sheet by \u2587\u2587\u2587\u2587\u2587\u2587 and Borrower, Borrower shall commence transmission of any required Collateral to satisfy the Required <strong>Margin Ratio</strong> as specified in such Loan Term Sheet.", "If Lender requires Borrower to increase the <strong>Margin Ratio</strong> so that it is equal to or greater than the Required <strong>Margin Ratio</strong>, it shall send a notification substantially in the form attached hereto as Exhibit C (the \u201cCollateral Call Notification\u201d) to Borrower that sets forth: (i) the <strong>Margin Ratio</strong> as of such time and (ii) the amount of Additional Collateral required to return to the Required <strong>Margin Ratio</strong> (using the applicable Market Spot Rate if required) as of such time.", "Notwithstanding the foregoing, a Refund Notification shall be null and void and the Lender shall have no obligation to approve the withdrawal of any Excess Collateral if (i) prior to the deadline for the withdrawal of such Excess Collateral, the <strong>Margin Ratio</strong> does not exceed the Collateral Return Coverage Ratio, or (iii) a default or Event of Default hereunder exists or would result from the withdrawal of such Excess Collateral.", "Borrower shall transfer to Custodian, or cause to be maintained in a Collateral Account, Collateral with a Collateral Value sufficient to satisfy the applicable Required <strong>Margin Ratio</strong> prior to Lender\u2019s transfer to Borrower of any Loaned Currency pursuant to a particular Loan, and Lender shall have no obligation to transfer any Loaned Currency pursuant to a Loan prior to completion of the Confirmation Protocol with respect to the applicable Collateral.", "Notwithstanding the foregoing, if Lender provides a Loan to Borrower and Borrower does not transfer, or cause to be maintained in a Collateral Account, Collateral sufficient to satisfy the applicable Required <strong>Margin Ratio</strong> with respect to such Loan, Lender shall have the absolute right to the immediate return of the applicable Loaned Currency.", "If at any time while a Loan is outstanding the <strong>Margin Ratio</strong> for such Loan is greater than the Collateral Return <strong>Margin Ratio</strong> as set forth in the applicable Loan Term Sheet for such duration as specified in such Loan Term Sheet, Borrower may request that Lender return such portion of the Collateral such that, after giving effect to the return of such Collateral, the <strong>Margin Ratio</strong> will not exceed the Required <strong>Margin Ratio</strong> for such Loan (such Collateral, the \u201cExcess Collateral\u201d).", "Borrower shall have twenty-four (24) hours from the time Lender sends the Collateral Call Notification to either (i) deliver the required amount of Additional Collateral to Lender or (ii) return to Lender the amount of Loaned Currency necessary, in each case, to cause the <strong>Margin Ratio</strong> to return to the Required <strong>Margin Ratio</strong> at the time of such delivery or return (which amount may differ than the amount specified in the Collateral Call Notification)."], "related": [["adjusted-leverage-ratio", "Adjusted Leverage Ratio", "Adjusted Leverage Ratio"], ["total-leverage-ratio", "Total Leverage Ratio", "Total Leverage Ratio"], ["consolidated-leverage-ratio", "Consolidated Leverage Ratio", "Consolidated Leverage Ratio"], ["maximum-leverage-ratio", "Maximum Leverage Ratio", "Maximum Leverage Ratio"], ["leverage-ratio", "Leverage Ratio", "Leverage Ratio"]], "related_snippets": [], "updated": "2026-04-02T05:49:26+00:00"}, "json": true, "cursor": ""}}