What happens if my Prime Account has insufficient funds to meet Mark-to-Market Payments?
You will be notified of any Margin breaches via the Macquarie Trading Platform or via an optional SMS service; however it is your responsibility that your Prime Account has sufficient cleared funds at all times to meet Margin Obligations and Mark-to-Market Payments and Macquarie may act prior to your receipt of any notice. Margin Obligations and Mark-to-Market Payments are calculated continuously. In the event there are insufficient funds in your Prime Account to meet your Margin Obligations or Mark-to-Market payments, your CFD Positions may be Closed-out; your CFD Orders or other Orders may be cancelled; you may be required to pay default interest on the cash shortfall; and your Prime Facility (including your Prime Account) may be closed. Note: Funds transferred into your Prime Facility from your linked account may take up to 2-3 business days to clear.
Related Questions
- What happens when my checking account has insufficient funds to cover the electronic check or the account has been closed?
- What happens if my CFD Account has insufficient funds to meet Collateral requirements or Mark-To-Market Payments?
- What happens if there are insufficient funds in my checking or savings account to cover an account transfer?
