Clearing Agreement Sample Clauses
A Clearing Agreement is a contractual arrangement that sets out the terms and procedures for the clearing and settlement of financial transactions between parties, often through a clearinghouse or intermediary. It typically outlines the responsibilities of each party, the types of transactions covered, and the mechanisms for managing collateral, margin requirements, and default scenarios. By establishing clear rules for processing and settling trades, the Clearing Agreement helps reduce counterparty risk and ensures the efficient and orderly completion of financial transactions.
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Clearing Agreement. The Firm and its Clearing Firms have entered into a clearing agreement in which these Clearing Firms are clearing agents for securities transactions for the Firm’s clients. The Firm transmits client instructions to the Clearing Firms which are then responsible for causing such instructions to be executed. All securities, dividends, and proceeds will be held at the Clearing Firms by means of record entries unless you instruct the Firm otherwise in writing and the instruction can be reasonably accommodated.
Clearing Agreement. Each of CME Holdings and CBOT Holdings agrees that upon the signing of this Agreement, the Clearing Services Agreement between CBOT and CME, effective April 16, 2003 and as amended on March 1, 2004 (the “Clearing Agreement”) shall be amended without any further action on the part of any party thereto by deleting Section 2 thereof in its entirety and replaced with the following: “This Agreement shall commence on the Effective Date and, unless terminated earlier in accordance with its terms, shall terminate on January 10, 2009 (the “Initial Term”). CBOT may, in its sole discretion, extend this Agreement for an additional one-year term by notifying CME in writing at least six (6) months prior to the expiration of the Initial Term of its decision to extend. Except as otherwise expressly modified or amended by this Section 6.17 all terms and conditions contained in the Clearing Agreement shall remain in full force and effect and are not altered by this Section 6.17.
Clearing Agreement. I UNDERSTAND YOU HAVE ENTERED INTO AN AGREEMENT WITH FIRST CLEARING TO EXECUTE AND CLEAR TRANSACTIONS IN ACCOUNTS THEY CARRY, AND ALL TRANSACTIONS WITH FIRST CLEARING ARE SUBJECT TO THE TERMS OF THAT CUSTOMER AGREEMENT. FIRST CLEARING IS A TRADE NAME USED BY ▇▇▇▇▇ FARGO CLEARING SERVICES, LLC MEMBER, SIPC, A REGISTERED BROKER-DEALER AND NON-BANK AFFILIATE OF ▇▇▇▇▇ FARGO & COMPANY.
Clearing Agreement. The clearing member hereby undertakes to ensure that any clearing agreement entered into by it with a non-clearing member of the JSE shall conform with the basic terms and conditions for such agreement as determined from time to time by the JSE.
Clearing Agreement. On the Closing Date, Jefco and the Company shall enter into the Clearing Agreement.
Clearing Agreement. The Company and Acquiror will cooperate with each other to transfer all clearing functions of the Company to an Acquiror Broker-Dealer Subsidiary as soon as reasonably practicable after the Effective Time, including by giving appropriate prospective notice of such transfer conditional on the consummation of the Merger to NationsBanc ▇▇▇▇▇▇▇▇▇▇ Securities, LLC at least 90 days prior to the anticipated Closing Date and to the Company's Clients at least 15 days prior to the anticipated Closing Date.
Clearing Agreement. Buyer and Pershing shall have entered into a clearing agreement with respect to Customer Accounts relating to the Transferred Customer Records being transferred to Buyer (the “New Pershing Clearing Agreement”) substantially in the form of the draft heretofore presented to Buyer by Pershing (but with pricing mutually satisfactory to Buyer and Pershing).
Clearing Agreement. You and Clearing have entered into a fully disclosed clearing agreement which specifies the functions and responsibilities of Mint Global, on the one hand, and Clearing, on the other. Clearing carries my Account on a fully disclosed basis. All securities, dividends, and proceeds will be held at Clearing unless otherwise instructed. You will provide me with a description of the clearing agreement upon my written request. Mint Global and Clearing are independent companies and are not affiliated with one another. Mint Global is not responsible for Clearing’s conduct, or its compliance with its contractual or legal obligations.
Clearing Agreement. This agreement, made as of the date indicated on the signature page hereof (the "Agreement") between Broadcort Capital Corp. (hereinafter referred to as the "Clearing Firm") and Knight Securities, L.P. (hereinafter referred to as the "Introducing Firm"),
Clearing Agreement. A counterpart of the Clearing Agreement, duly executed by Buyer.