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Margin
Policy  |
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| Margin
is a good faith deposit for performance of
futures contracts; therefore, customers must
make margin deposits in a timely manner. Exchange
Rules require that customers deposit margin
call funds IMMEDIATELY upon notice of the
margin call. If margin funds are not received
in CHI’s St. Paul office within 7 business
days, CHI will require a wire transfer for
the full amount of the margin call. Additionally,
customers will be required to wire funds for
any margin call which is $10,000 or greater.
Until the required margin deposit has been
received, it is CHI’s policy not to
permit any customer to withdraw funds from
their account, even in the case of favorable
market movement. Failure to meet a margin
call will preclude customer from initiating
new positions and will ultimately result in
the closing of the account. |
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| CHI
will not cancel any margin calls except in
cases of (1) total liquidation or (2) error.
Failure to promptly deposit adequate margin
funds shall entitle CHI to liquidate any position
customer may have with CHI without prior notification
to the customer. This liquidation does not
release customer from any liability previously
incurred. In the event liquidation proceeds
are insufficient for the payment of all liabilities,
customer shall promptly, upon demand, pay
to CHI the deficit, together with interest
equal to 1 ½ percent monthly, an all
costs of collection (including attorney’s
fees, should CHI refer the matter to legal
counsel). |
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| Customers
may use one of the following methods to meet
margin calls: |
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| (1)
Please contact Country Hedging at (800) 814-0505
for detailed wire instructions. |
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| (2)
Check made payable to Country Hedging, Inc. |
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| CHI
cannot accept cash or credit cards. In addition,
funds coming into the account must match the
name on the account. |
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| Security
Loan Agreement: Third party loan agreements
between Customer, CHI, and your bank are available.
For more information contact CHI’s Compliance
Supervisor at 800/814-0505. |
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