Authorization to Appropriate Funds. Any monies received by CIF from Client or from any other person (including the Clearing House) for the Account are held in the manner specified Schedule 3 and Schedule 4 of Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (“Code of Conduct”) and Client authorizes CIF to apply any such monies in the manner under Schedule 3 and Schedule 4 of Code of Conduct. In particular, CIF may apply such monies in or towards meeting CIF’s obligations to any party insofar as such obligations arise in connection with or incidental to any Securities, Futures Contracts and/or Option Contracts transacted on Client’s behalf.
Appears in 5 contracts
Samples: Securities and Futures Client Agreement, Securities and Futures Client Agreement, Securities and Futures Client Agreement
