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This document is essential for financial institutions providing margin financing services in Hong Kong's securities market. The Margin Loan Agreement establishes the legal framework for extending credit against securities collateral, incorporating regulatory requirements from the SFC and HKMA. It is used when a financial institution agrees to provide financing to clients for securities trading, specifying crucial elements such as margin ratios, collateral requirements, interest rates, and enforcement rights. The agreement must comply with Hong Kong's robust regulatory framework, including the Securities and Futures Ordinance and Banking Ordinance, while addressing practical aspects of the lending relationship such as margin calls, collateral valuation, and default scenarios.

1. Parties: Identification of the lender (including licensing details) and borrower

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

3. Definitions and Interpretation: Key terms used throughout the agreement, including financial definitions like 'Margin Ratio', 'Collateral Value', etc.

4. Facility and Purpose: Details of the margin loan facility, including maximum amount and permitted purposes

5. Conditions Precedent: Prerequisites that must be satisfied before the facility becomes available

6. Drawdown Procedures: Process and requirements for requesting and receiving loans under the facility

7. Interest and Fees: Interest calculation, payment terms, and applicable fees

8. Margin Requirements: Maintenance of margin ratios, margin calls, and consequences of margin shortfall

9. Collateral Arrangements: Securities to be provided as collateral, valuation methods, and top-up requirements

10. Representations and Warranties: Standard and specific declarations made by the borrower

11. Covenants: Ongoing obligations of the borrower during the facility period

12. Events of Default: Circumstances constituting default and consequences

13. Enforcement Rights: Lender's rights upon default, including sale of collateral

14. Payments and Calculations: Payment mechanics, currency provisions, and calculation methods

15. Termination: Circumstances and process for terminating the facility

16. General Provisions: Standard clauses including notices, amendments, governing law, etc.