Bailment. Where you do not have a SWORD Account we may hold Warrants on your behalf in SWORD either directly or through a sub-custodian. If we do so we act as bailee and owe you no fiduciary duty, and we do not undertake the responsibilities of a trustee or any other duties in relation to such Warrants not implied by the law of bailment for bare custody of such warrants.
Appears in 5 contracts
Samples: Margin Trading Agreement, Margin Trading Agreement, Customer Trading Agreement
Bailment. Where you do not have a SWORD Account account we may hold Warrants on your behalf in SWORD either directly or through a sub-custodianSWORD. If we do so we act as bailee and owe you no fiduciary duty, and we do not undertake the responsibilities of a trustee or any other duties in relation to such Warrants not implied by the law of bailment for bare custody of such warrantsbailment.
Appears in 3 contracts
Samples: Terms of Business, Terms of Business, Terms of Business
