When the account equity falls below the maintenance margin level, Phillip will make best effort to issue margin call via phone, email or message (if applicable) etc., requesting client to restore the account equity to initial margin level within a specified time by one of the following action:
- deposit the margin amount; or
- transfer from other Phillip accounts; or
- close out position.
Otherwise, Phillip will force liquidate the account position. Client shall remain liable for any deficit in the account.
Moreover, at volatile market conditions, Phillip reserves the right to call for margin deposit from time to time. Client should always pay attention to account position and allow sufficient equity to cover potential margin shortfall.