Proprietary Accounts. CLAY may request that FSWC maintain one or more Accounts on its books to reflect the proprietary securities and/or cash positions of CLAY (a "Proprietary Account”). FSWC may, in its sole discretion, agree or refuse to maintain any such Proprietary Account. If FSWC agrees to maintain one or more Proprietary Accounts, all of the other terms and conditions of this Agreement shall apply, and each such Proprietary Account shall be deemed an "Account" hereunder, except to the extent that this Agreement provides for differing treatment of Accounts and Proprietary Accounts.
Appears in 2 contracts
Sources: Fully Disclosed Clearing Agreement (Clayton Dunning Group), Fully Disclosed Clearing Agreement (Clayton Dunning Group)