Examples of Variation Adjustments in a sentence
I/We hereby agree to deposit and maintain such Margin and meet immediately on demand all Margin calls and or demands for Variation Adjustments thereto and provide you with such guarantees and other security in such amount, form and within such time and on such terms as you may from time to time designate in relation to the Commodities Account.
The Customer shall promptly deliver any monies, securities, financial instruments, documents or other commodities or property deliverable by it under any Contract in accordance with any instructions given by the Company to meet margin calls and demands for Variation Adjustments applicable to any HKFE transaction or to meet margin requirements applicable to any Foreign Futures Exchanges.
I/We shall be liable for any consequence arising out of or in connection with my/our failure to meet immediately on demand any calls for Margin, additional Margin and/or demands for Variation Adjustments.
The Customer undertakes not to withdraw any Margin deposited with or Variation Adjustments paid to CFI without prior consents of CFI.
Introduction............................................................4 II.
CFI shall be entitled to refuse to execute any Instruction for the Customer unless and until the Margin and/or Variation Adjustments required by CFI have been deposited and maintained by the Customer.
Failure by the Client to meet margin calls, Variation Adjustments or Interest Rate Cash Adjustments made by Kingsway will result in Kingsway being entitled to Close Out the Client's open positions in respect of which calls, Variation Adjustments or Interest Rate Cash Adjustments are not met.
In relation to transactions on the HKFE, the Company may be required to report to the HKFE and the SFC particulars of all open positions in respect of which two successive margin calls and demands for Variation Adjustments are not met within the period specified by the Company.
CFI may require more Margin or Variation Adjustments than that specified by the HKFE and/ or the clearing house of the HKFE and may close out open positions in respect of which any Margin calls and demands for Variation Adjustments are not met within the period specified by CFI at the time of making such calls or demands.
Kingsway may require Margin, Variation Adjustments and Interest Rate Cash Adjustments in excess of the Margin, Variation Adjustment or Interest Rate Cash Adjustments requirements prescribed by the HK Exchange, the Clearing House or Kingsway's broker (in respect of any other exchange) and Kingsway may vary such requirements from time to time by giving notice in writing to the Client.