Normal
Thanks for that. My reading of 57 seems to suggest that you cannot be required to deposit money for future margin calls. Para 3, below...Also a DRS makes this ruling different to futures and options (para 4, below)...So I was wrong, with a DRS in place you can have money on deposit with your futures/options broker and allow them to have a charge over it (as long as it's in accordance with an approved body, which would be short hand for the clearing house rules of a recognised exchange I'd guess), but not with a CFD provider.Yes, it's still a slow time of the year for me.
Thanks for that. My reading of 57 seems to suggest that you cannot be required to deposit money for future margin calls. Para 3, below...Also a DRS makes this ruling different to futures and options (para 4, below)...So I was wrong, with a DRS in place you can have money on deposit with your futures/options broker and allow them to have a charge over it (as long as it's in accordance with an approved body, which would be short hand for the clearing house rules of a recognised exchange I'd guess), but not with a CFD provider.
Yes, it's still a slow time of the year for me.
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