All margin calls must be met on the same day that the call is made. If an Order Specialist is unable to contact you on the telephone number that you have provided, we will offset a proportion of your position or all of it. This will ensure that any remaining positions are fully margined. A Margin Call must be answered with a Wire Transfer. A personal cheque or cash cannot be accepted. Delivery Month Margins become effective on either the first business day or when the contract becomes the front traded month or when a trading limit is removed from the contract, whichever event precedes the other. For the offsetting of positions, this is done on "a first in, first out basis." The exception to this rule is when a contract that is entered today is the same as another one that is already held. In this situation, today's new trade will be the first to be offset. If a Client holds two accounts, the Client cannot be long and short of identical futures contracts in the two different accounts simultaneously unless the "spread" is considered to be a day trade only.

The information contained herein was provided by sources which we believe to be accurate and reliable. MF Global UK Ltd makes no guarantees explicit or implied as to its accuracy. Margins are subject to change without notice. Contact your MF Global Order Specialist or Account Executive for the latest information. Margin calls will be verbal only and must be satisfied by wire transfer or banker's draft. Large positions concentrated in a single market may be subject to higher margin requirements. MF GLobal reserves the right to verify all orders entered during the night before they are executed. Past performance is no guarantee of future results and will not necessarily be repeated. Seasonal trades merely attempt to identify a seasonal tendency and should not be construed as an offer or solicitation to buy or sell any investment. Your investment may be affected by exchange rate variations. Trading futures involves the risk of loss. You may lose more than the amount originally invested and you may have to pay more later. You should not invest in such products unless satisfied that they are suitable for you. MF Global or its associates may have already undertaken or may in future undertake an own account transaction in respect of any future. MF Global or its associates may have a position or holding in the product concerned or in a related product and has or may have a material interest in such products. The market opinions and recommendations expressed herein are those of MF Global UK Ltd. The above figures do not allow for brokerage or slippage on entry or exit. MF Global UK Limited is regulated by the Financial Services Authority for futures trading.

Please note: If your account is on margin call from the previous day's close of business, day trade initial margins are not available.