Clearing Broker Sample Clauses

The Clearing Broker clause defines the role and responsibilities of the clearing broker in a financial transaction or trading agreement. It typically specifies which party will act as the clearing broker, outlines their duties such as settling trades, holding collateral, and ensuring the proper transfer of funds and securities between counterparties. This clause is essential for clarifying which entity is responsible for the operational and administrative aspects of trade clearing, thereby reducing confusion and mitigating the risk of settlement failures.
Clearing Broker. My Account is carried by ▇▇▇▇▇▇▇▇, pursuant to a Clearing Agreement with Price. For a description of the functions per- formed for my Account by Price and ▇▇▇▇▇▇▇▇, please consult the Disclosure Statement in Section 33 of this Customer Agreement.
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Clearing Broker. BNYM Clearing, as agent, is responsible solely for the execution, clearing and/or carrying of Contracts in each Account in accordance with the terms of this Agreement. Customer and Customer’s advisor (“Advisor”), if any, are solely responsible for all investment and trading decisions for the Account. All transactions for or on Customer’s behalf in any Account maintained for Customer shall be deemed to be included in a single Account, whether or not such transactions appear on BNYM Clearing’s records in separate Accounts, either severally or jointly with others.
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Clearing Broker. Nothing herein shall cause JHCC's customers to be construed or interpreted as customers of PSI for any other purpose, or to negate the intent of any other section of this Agreement, including, but not limited to, the delineation of responsibilities as set forth elsewhere in this Agreement.
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Clearing Broker. TradePMR is a securities broker/dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority, Inc. (FINRA) and the Securities Investment Protection Corporation (SIPC). Advisor has entered into this Agreement with TradePMR, which has entered into an agreement with its clearing firm to execute and clear securities transactions in securities accounts managed by Advisor. Said clearing firm will carry and maintain such securities accounts except as otherwise provided in this Agreement. Trade-PMR, Inc. reserves the right to adjust its pricing without notice in the event of a change in pricing from its clearing firm(s).
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Clearing Broker. I acknowledge that I have been informed that you have entered into a clearing agreement with PERSHING, which specifies the functions and responsibilities of you and PERSHING with respect to certain matters affecting my account, and that a description of that agreement is available upon my written request.
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Clearing Broker. The party that maintains a futures clearing account for the Customer and to which the positions resulting from orders executed by an Executing Broker pursuant to the Agreement ultimately are given up. The Clearing Broker must be licensed as a futures intermediary in its home jurisdiction, but is not required to be a member of any exchange. Section 3 of the Agreement provides that, in instances where a Clearing Broker is not a member of the exchange on which the trades are executed, it may use the services of a clearing member to clear the positions on the exchange on its behalf. However, these agents are often affiliates of the Clearing Broker in another jurisdiction (see “Use of Agents” below for clarification of when entities should be named parties to a Give-Up Agreement). Nonetheless, the Clearing Broker must remain responsible to the Customer for its obligations under the Agreement. Usually the clearing member, when acting as agent for the Clearing Broker is not a party to the Agreement; however at least one exchange, the London Metal Exchange (“LME”) does require it.
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Clearing Broker. My Account is carried by ▇▇▇▇▇▇▇▇, pursuant to a Clearing Agreement between Pershing and Price. This means that ▇▇▇▇▇▇▇▇ holds my money and securities for safekeeping at the direction of Price and in accordance with the terms of the Clearing Agreement. For a description of all of the functions performed by Price and Pershing, which may not all be applicable to my Account, please consult the Disclosure Statement in Section 30 of this Agreement.
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Clearing Broker. If Customer's account is carried by CFG only as the clearing broker, Customer acknowledges that CFG is not responsible for the conduct, representations and statements of the introducing broker or its associated persons in the handling of Customer's account. Customer agrees to waive any claims Customer may have against CFG, and to indemnify and hold CFG harmless for any actions or omissions of the introducing broker or its associated persons.
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Related to Clearing Broker

  • INTRODUCING BROKERS 18.1 The Client may have been referred to Tickmill Ltd by an Introducing Broker. If so, Tickmill Ltd shall not be responsible for any agreement made between the Client and the Client's Introducing Broker. The Client acknowledges that any such Introducing Broker will either be acting as an independent intermediary or an Agent for the Client and that no such Introducing Broker shall be authorised to make any representations concerning Tickmill Ltd or Tickmill Ltd’s Services. 18.2 The Client is specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs as Tickmill Ltd may pay fees or commission to such person. 18.3 The Client is also specifically made aware that the Client's agreement with its Introducing Broker may result in additional costs for the client because the Introducing Broker can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Clients account either by the Introducing Broker or the Client. 18.4 If the Introducing Broker undertakes any deductions from the Client's Trading Account according to any agreement between the Client and the Introducing Broker, Tickmill Ltd has no responsibility as to the existence or validity of such an agreement. 18.5 Tickmill Ltd shall have no responsibility or liability to the Client in following the instructions given by the Introducing Broker. Tickmill Ltd is under no obligation to supervise or otherwise know or review the payment instructions or any other acts, including but not limited to the trading, of the Introducing Broker. 18.6 The client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The responsibility for correctly assessing whether the size of the total commissions, fees, price or interest/financing rate adjustments for trades conducted paid from the Client's account makes trading commercially viable, is the combined responsibility of the Client and the Introducing Broker. Tickmill Ltd only acts as the custodian and principal broker, and therefore is not responsible for the size of the commissions and fees as well as price or interest rate paid by the Client. 18.7 Any commissions, fees, price or interest/financing rate adjustments for trades conducted may be shared between the Introducing Broker, Tickmill Ltd and third parties according to the Introducing Broker's written instructions and/or at Tickmill Ltd’s discretion.

  • The Broker Dealer understands and agrees that in performing the services covered by this Agreement, it is acting in the capacity of an independent contractor and not as an agent or employee of PEPCO, and that it is not authorized to act for, or make any representation on behalf of, PEPCO or the Insurer except as specified herein. Broker-Dealer understands and agrees that PEPCO shall execute telephone transfer orders only in accordance with the terms and conditions of the then current prospectus applicable to the contracts and/or policies and agrees that, in consideration for the Broker-Dealer's right to exercise the telephone transfer privilege, neither PEPCO nor the Insurer will be liable for any loss, injury or damage incurred as a result of acting upon, nor will they be held responsible for the authenticity of, any telephone instructions containing unauthorized, incorrect or incomplete information. Broker-Dealer agrees to indemnify and hold harmless PEPCO and the Insurer against any loss, injury or damage resulting from any telephone exchange instruction containing unauthorized, incorrect or incomplete information received from Broker-Dealer or any of its registered representatives. (Telephone instructions are recorded on tape.)

  • Broker Each Note Holder represents to each other that no broker was responsible for bringing about this transaction.

  • Participating Broker Dealer represents that it will (i) not solicit offers to buy, or offer or sell, the Shares (both at the time of an initial subscription and at the time of any additional subscription, including initial enrollments and increased participations in the DRIP) by any form of general solicitation or general advertising (as those terms are used in Regulation D promulgated under the Securities Act), or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act, (ii) solicit offers for Shares (both at the time of an initial subscription and at the time of any additional subscription, including initial enrollments and increased participations in the DRIP) only from, and will offer Shares only to, persons that it reasonably believes are “accredited investors” as defined in Rule 501(a) of Regulation D promulgated under the Securities Act, based on a substantive pre-existing relationship between Participating Broker-Dealer on the one hand, and the prospective purchaser, on the other hand, and who have such knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of the prospective investment in the Shares, and (iii) only make offers to persons in the jurisdictions in which it is advised in writing by the Company or the Dealer Manager that the Shares are qualified for sale or that such qualification is not required. Participating Broker-Dealer acknowledges that Dealer Manager will rely on Participating Broker-Dealer’s substantive pre-existing relationship with any prospective investor for purposes of compliance with Regulation D under the Securities Act. Notwithstanding the qualification of the Shares for sale in any respective jurisdiction (or the exemption therefrom), Participating Broker-Dealer represents, warrants and covenants that it will not offer Shares and will not permit any of its registered representatives to offer Shares in any jurisdiction unless both Participating Broker-Dealer and such registered representative are duly licensed to transact securities business in such jurisdiction, and only if the offer and sale of Shares has been (i) authorized under any applicable state securities or “blue sky” laws of such jurisdiction (or foreign equivalent) or (ii) made pursuant to an exemption or Federal preemption (or foreign equivalent) from such laws. In offering Shares, Participating Broker-Dealer will comply with the provisions of FINRA Rules, as well as all other applicable rules and regulations relating to suitability of investors.

  • Merchant has the power and authority to authorize the automatic funds transfer provided for in the Merchant Agreement;