Common use of Activity Reports Clause in Contracts

Activity Reports. To the extent that cash, positions and/or transactions in securities or loans are credited to your account prior to the actual settlement of the applicable transactions to which such assets relate, including repurchase, reverse repurchase, buy/sell back or sell/buy back transactions, such credit is a conditional entry subject to the actual settlement thereof and the fulfillment by you and third parties of your and their obligations in connection with the settlement of the applicable transaction. No such conditional credit or entry shall release you from any such obligations. Securities or loans that are credited to your account, including those related to unsettled transactions, may be subject to repurchase, reverse repurchase, buy/sell back, sell/buy back or other transactions that you have entered into with XX Xxxxxx or third parties, which may substantially reduce the value of your account. In any such case your rights, in respect of such loans or securities shall consist of your rights under the applicable repurchase, reverse repurchase, buy/sell back, sell/buy back or other transaction agreement.