BROKER-DEALER/CUSTODIAN Sample Clauses

BROKER-DEALER/CUSTODIAN. (a) You recognize and agree that in order for us to discharge our responsibilities, we must engage in securities brokerage transactions described in paragraph 1(c) herein, all of which securities transactions must be effected through a registered broker-dealer;
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BROKER-DEALER/CUSTODIAN. Firm: Account #: Address: City: State: Zip Code: Financial Adviser: Telephone: E-mail: Fax:
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BROKER-DEALER/CUSTODIAN. Asset Management Account custodian shall maintain custody of client funds and securities in the Account. Advisor will not have custody of any of Client’s assets. Client will appoint a custodian for the Account. Account custodian will serve as the sole and exclusive broker/dealer with respect to processing securities transactions for the Account. Advisor will make every attempt to obtain the best execution possible. Advisor may aggregate transactions for Client with other clients to improve the quality of execution. The advisory fee represents compensation for the asset management and quarterly reporting services provided. During any month that there is activity in the Account, Client will receive a monthly account statement showing account activity as well as positions held in the Account at month end. Additionally, the Client will receive a confirmation of each transaction that occurs within the Account unless the transaction is the result of a systematic purchase, systematic redemption, or systematic exchange.
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Related to BROKER-DEALER/CUSTODIAN

  • Eligible Custodians The custodian of your Xxxx XXX must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury.

  • Depository Depository shall mean The Depository Trust Company ("DTC"), a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 ("Exchange Act"), its successor or successors and its nominee or nominees. The term "Depository" shall further mean and include any other person authorized to act as a depository under the 1940 Act, its successor or successors and its nominee or nominees, specifically identified in a certified copy of a resolution of the Board.

  • Dealer The seller of automobiles or light trucks that originated one or more of the Receivables and assigned the respective Receivable, directly or indirectly, to Ally Bank under an existing agreement between such seller and Ally Bank. Dealer Agreement: An existing agreement between Ally Bank or one of its Affiliates and a Dealer with respect to a Receivable. Default: Any occurrence that is, or with notice or the lapse of time or both would become, an Event of Default.

  • Custodian The term “

  • Custodial Services The charges and expenses of the custodian appointed by the Trust for custodial services;

  • Broker Each Note Holder represents to each other that no broker was responsible for bringing about this transaction.

  • Depositary This Agreement shall be deposited with the Secretary-General of ASEAN, who shall promptly furnish a certified copy thereof to each Member State.

  • AS AGENT FOR BOTH - INTERMEDIARY To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: ᴑ that the owner will accept a price less than the written asking price; ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ᴑ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

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