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Margin Agreement

Margin Agreement Template for Nigeria

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Key Requirements PROMPT example:

Margin Agreement

"I need a Margin Agreement for a Nigerian investment bank providing margin trading services to institutional clients, with enhanced risk management provisions and specific sections addressing multi-currency trading."

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Document background
A Margin Agreement is essential for any securities trading relationship in Nigeria where credit is extended for trading purposes. This document is required when a broker/dealer provides margin lending facilities to clients for securities trading on Nigerian exchanges or over-the-counter markets. The agreement must comply with the Investment and Securities Act 2007, relevant SEC regulations, and Central Bank of Nigeria requirements. It establishes the framework for margin trading, including initial margin requirements, maintenance margin levels, types of acceptable collateral, margin call procedures, and default remedies. The agreement is particularly important given Nigeria's developing financial markets and the need for clear risk management procedures in margin trading relationships.
Suggested Sections

1. Parties: Identification of the broker/dealer and the client, including full legal names and addresses

2. Background: Context of the agreement and relationship between parties

3. Definitions: Definitions of key terms including Margin, Collateral, Margin Call, Maintenance Margin, Initial Margin

4. Margin Requirements: Details of initial and maintenance margin requirements, calculation methods

5. Collateral Arrangements: Types of acceptable collateral, valuation methods, and maintenance requirements

6. Margin Calls: Procedures for margin calls, timing, and client's obligations to meet calls

7. Interest and Fees: Interest calculations on margin loans, fees, and other charges

8. Rights and Obligations: Detailed rights and obligations of both parties

9. Default Events: Definition of events of default and consequences

10. Enforcement Rights: Broker's rights upon default, including liquidation procedures

11. Representations and Warranties: Standard and specific representations by both parties

12. Term and Termination: Duration of agreement and termination provisions

13. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction provisions

Optional Sections

1. Foreign Currency Provisions: Required when margin trading involves foreign currencies, addressing exchange rate risks and compliance with Nigerian forex regulations

2. Multiple Account Provisions: Required when client maintains multiple trading accounts, addressing cross-collateralization

3. Electronic Trading Provisions: Required when margin trading is conducted through electronic platforms

4. Portfolio Margining: Optional section for sophisticated clients, allowing for portfolio-based margin calculations

5. Agent Provisions: Required when client acts through an authorized agent or investment manager

Suggested Schedules

1. Schedule 1 - Margin Rates: Detailed list of margin requirements for different types of securities

2. Schedule 2 - Eligible Collateral: List of acceptable forms of collateral and their valuation percentages

3. Schedule 3 - Fee Schedule: Detailed breakdown of all applicable fees and charges

4. Schedule 4 - Contact Details: Contact information for margin calls and other notifications

5. Appendix A - Risk Disclosure: Required risk disclosures under Nigerian securities regulations

6. Appendix B - Account Opening Forms: Standard account opening and KYC documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






































Clauses

































Relevant Industries

Financial Services

Investment Banking

Securities Trading

Asset Management

Wealth Management

Banking

Capital Markets

Stock Brokerage

Relevant Teams

Legal

Compliance

Risk Management

Trading

Operations

Credit Risk

Portfolio Management

Regulatory Affairs

Securities Operations

Client Services

Relevant Roles

Compliance Officer

Legal Counsel

Risk Manager

Trading Director

Investment Manager

Securities Broker

Portfolio Manager

Credit Risk Officer

Operations Manager

Chief Trading Officer

Margin Trading Specialist

Legal Director

Chief Risk Officer

Head of Trading

Regulatory Compliance Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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