Participant Sponsorship Agreement summary Clause Samples

A Participant Sponsorship Agreement outlines the terms under which a participant, such as an investor or client, appoints a sponsor—typically a financial institution or broker—to act on their behalf in dealings with a securities clearing and settlement system. This agreement details the sponsor’s responsibilities, such as managing the participant’s securities transactions, maintaining records, and ensuring compliance with relevant regulations. By clearly defining the roles and obligations of both parties, the agreement facilitates efficient and secure access to financial markets while minimizing administrative burdens and clarifying liability.
Participant Sponsorship Agreement summary. This summary of the Participant Sponsorship Agreement is intended only as a guide and is to be read in conjunction with this Division 2 of the Broker Agreement: a. all Financial Products purchased or Transferred under these terms and conditions are held as Participant Sponsored on a HIN with us;
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Participant Sponsorship Agreement summary. This summary of the Participant Sponsorship Agreement is intended only as a guide and is to be read in conjunction with this Division 2 of the Broker Agreement: (a) all Financial Products purchased or Transferred under these terms and conditions are held as Participant Sponsored on a HIN with us; (b) HIN is a Holder Identification Number and reflects all holdings of a client’s Financial Products held through us; (c) you agree to allow us to perform Transfer and settlement services for stock traded through us; (d) you agree to pay for Financial Products purchased and realise that non-payment may result in the Financial Products being sold at your expense; (e) you agree to pay all brokerage fees and associated transactional costs with the administration and trading of your Financial Products as disclosed in the WealthHub Financial Services Guide and JBWere Financial Services Guide; (f) we will not initiate any Transfer or Conversion into or out of your holding without your express authority; (g) you agree to supply all necessary documentation and/or information as required by us relating to your holdings; (h) you allow us to take any necessary actions that comply with the Rules and the Corporations Act in relation to your Financial Products; and (i) if we breach any term in this Division 2 of the Broker Agreement, you may be entitled to take action to rectify the situation.
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Participant Sponsorship Agreement summary. This summary of the Participant Sponsorship Agreement is intended only as a guide and is to be read in conjunction with this Division 2 of the Broker Agreement: a. all Financial Products purchased or Transferred under these terms and conditions are held as Participant Sponsored on a HIN with us; b. HIN is a Holder Identification Number and reflects all holdings of a client’s Financial Products held through us; c. you agree to allow us to perform Transfer and settlement services for stock traded through us; d. you agree to pay for Financial Products purchased and realise that non-payment may result in the Financial Products being sold at your expense; e. you agree to pay all brokerage fees and associated transactional costs with the administration and trading of your Financial Products as disclosed in the WealthHub Financial Services Guide and JBWere Financial Services Guide; f. we will not initiate any Transfer or Conversion into or out of your holding without your express authority; g. you agree to supply all necessary documentation and/or information as required by us relating to your holdings; h. you allow us to take any necessary actions that comply with the Rules and the Corporations Act in relation to your Financial Products; i. if we breach any term in this Division 2 of the Broker Agreement, you may be entitled to take action to rectify the situation; and j. if you instruct us to lodge Financial Products as cover for written position in relation to Exchange Traded Options, you give us authority to give effect to your instructions. However, please note that we must always act within the ASX Settlement Rules. You should be aware of the provisions in the ASX Settlement Rules and ASX Clearing Rules as to ASX Clear’s power to deal with the Financial Products on default by the Clearing Participant and in particular, ASX Clear’s power of sale in relation to the Financial Products without any notice to you.
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