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name: Collateral; Settlement

Collateral; Settlement. PSI reserves the right to require customer to deposit collateral with respect to Forex Contract transactions. All Forex Contracts will be transacted pursuant to a line of credit or will be otherwise collateralized at PSI's option, and will be subject to the netting provisions set forth in Section 8 below. All payments due under a Forex Contract shall be made by wire transfer on the delivery date specified in the Confirmation in immediately available funds in the designated currency. In the event that either party's performance of its payment obligations shall be interrupted or delayed by reason of war, riot, civil commotion, sovereign conduct or other acts of state, the time of performance of such party's obligations shall be extended for ...