Common use of Standing Authority Clause in Contracts

Standing Authority. The Securities and Futures (Client Securities) Rules provide that the Company shall neither deposit nor lend the Margin against loans or advances made to it for any purpose, except with the specific written authority of the Client. Pursuant to Clause 3.1 (Standing Authorities) of the Terms, the Client has agreed to give such specific written authority to the Company.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement