Default Events

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10. DEFAULT EVENTS

10.1 The following constitute Default events that result in the initiation of the Default Management Process by FXCH;

(i) Failure to meet Margin Requirements: where a member fails to maintain margin above the Closeout Margin Level to cover all open positions in its account and/or any of its sub-accounts/client accounts.

(ii) Insolvency: where a member is or is likely to become insolvent.


CONTINUE TO DEFAULT MANAGEMENT PROCESS