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IG Index - Monitoring Your Deposit Requirement


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#1 whipsaw

whipsaw

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verfasst:  01 November 2008 - 08:56

Monitoring Your Deposit Requirement

With recent market volatility, it is important for you to keep track of the status of your account, including the deposits required to keep your trading positions open.
Please note that it is your responsibility to monitor your account and ensure that your balance, taking into account all realised or unrealised profits and losses, is equal to at least the total deposit and margin that we require you to have paid to us. As from Monday 10 November we shall be enforcing a stricter policy with regard to margin payments.

If at any time your account balance is below the required level we may without further notice to you cut back or close all or any of your open bets. We make no commitment to contact you before closing any such bets. Bets will be closed at the price prevailing at the time we close them, and therefore you may suffer losses greater than the funds on your account.

Essentially, you need to monitor your account to cover potential adverse market moves. This can be managed by adding extra funds to your balance or by using Stop Orders to help limit any potential losses on your trading positions.

All the key information regarding your account and your required funds is available on the PureDeal platform. You can also find information on PureDeal about the speed of various payment methods (go to 'My Account', then 'How to Pay Us'), while you can make online payments directly at 'My Account', then 'Make a Payment'.
We may have margined your account differently in the past, for example by making margin calls and allowing longer payment terms. If this is the case, please accept this letter as formal notice that as of 10 November our margining practice will change to the practice set out in this letter.

If you need any clarification of how deposit requirements are affected by running losses, please contact our Credit team on 0207 633 5423.

Regards,
IG Index

Financial Credit Control
Tel: 0207 633 5423
Fax: 0207 390 3803
Email: credit@igindex.co.uk
www.igindex.co.uk
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