Common use of Clearing Services Clause in Contracts

Clearing Services. 4.2 The T1CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T1IB; 4.3 The T1CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T1IB's Clients' accounts and principal business. However, the T1CB reserves the right, in its sole discretion, and on advice to the T1IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements.

Clearing Services. 4.2 The T1CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T1IB; 4.3 The T1CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T1IB's Clients' accounts and principal business. However, the T1CB reserves the right, in its sole discretion, and on advice to the T1IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements.Requirements.‌