Common use of Clearance of Trades Clause in Contracts

Clearance of Trades. I understand that You have entered into a clearing agreement with Electronic Transaction Clearing, Inc. ("ETC") whereby You will introduce My Account to ETC, and ETC will clear all transactions, on a fully-disclosed basis. I understand that ETC carries My Account(s) and is responsible for the clearing and bookkeeping of transactions, but is not otherwise responsible for the conduct of Alpaca. Until receipt from Me of written notice to the contrary, ETC may accept from Alpaca, without inquiry or investigation, (i) orders for the purchase or sale of securities and other property on margin, if I have elected to have a margin account, or otherwise, and (ii) any other instructions concerning said accounts. ETC shall look solely to Alpaca unless otherwise directed by Xxxxxx, and not to Me with respect to any such orders or instructions; except that I understand that ETC will deliver electronically confirmations, statements, and all written or other notices with respect to My Account directly to Me with copies to Alpaca, and that ETC will look directly to Me or Alpaca for delivery of margin, payment, or securities. I agree to hold ETC harmless from and against any losses, costs or expenses arising in connection with the delivery or receipt of any such communication(s), provided ETC has acted in accordance with the above. The foregoing shall be effective as to My Account until written notice to the contrary is received from Me by ETC or Alpaca.

Appears in 2 contracts

Samples: Account Application Agreement, Alpaca Customer Agreement

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Clearance of Trades. I understand that You have entered into a clearing agreement with Electronic Transaction Clearing, Inc. Apex Clearing Corp. ("ETCApex") whereby You will introduce My Account to ETCApex, and ETC Apex will clear all transactions, on a fully-disclosed basis. I understand that ETC Apex carries My Account(s) and is responsible for the execution, clearing and bookkeeping of transactions, but is not otherwise responsible for the conduct of AlpacaT3 Securities. Until receipt from Me of written notice to the contrary, ETC Apex may accept from AlpacaT3 Securities, without inquiry or investigation, (i) orders for the purchase or sale of securities and other property on margin, if I have elected to have a margin account, or otherwise, and (ii) any other instructions concerning said accounts. ETC Apex shall look solely to Alpaca T3 Securities unless otherwise directed by XxxxxxT3 Securities, and not to Me with respect to any such orders or instructions; except that I understand that ETC Apex will deliver electronically confirmations, statements, and all written or other notices with respect to My Account directly to Me with copies to AlpacaT3 Securities, and that ETC Apex will look directly to Me or Alpaca T3 Securities for delivery of margin, payment, or securities. I agree to hold ETC Apex harmless from and against any losses, costs or expenses arising in connection with the delivery or receipt of any such communication(s), provided ETC Apex has acted in accordance with the above. The foregoing shall be effective as to My Account until written notice to the contrary is received from Me by ETC Apex or AlpacaT3 Securities.

Appears in 1 contract

Samples: Customer Agreement

Clearance of Trades. I understand that You have entered into a clearing agreement with Electronic Transaction Clearing, Inc. ("ETC") Apex whereby You will introduce My Account to ETCApex, and ETC Apex will clear all transactions, on a fully-disclosed basis. I understand that ETC Apex carries My Account(s) and is responsible for the clearing and bookkeeping of transactions, but is not otherwise responsible for the conduct of AlpacaRobinhood Financial. Until receipt from Me of written notice to the contrary, ETC Apex may accept from AlpacaRobinhood Financial, without inquiry or investigation, (i) orders for the purchase or sale of securities and other property on margin, if I have elected to have a margin account, or otherwise, and (ii) any other instructions concerning said accountsMy Accounts. ETC Apex shall look solely to Alpaca Robinhood Financial unless otherwise directed by XxxxxxRobinhood Financial, and not to Me Me, with respect to any such orders or instructions; except that I understand that ETC Apex will deliver electronically confirmations, statements, and all written or other notices with respect to My Account directly to Me with copies to AlpacaRobinhood Financial, and that ETC Apex will look directly to Me or Alpaca Robinhood Financial for delivery of margin, payment, or securities. I agree to hold ETC Apex harmless from and against any losses, costs or expenses Losses arising in connection with the delivery or receipt of any such communication(s), provided ETC Apex has acted in accordance with the above. The foregoing shall be effective as to My Account Account(s) until written notice to the contrary is received from Me by ETC Apex or AlpacaRobinhood Financial.

Appears in 1 contract

Samples: Robinhood Financial Customer Agreement

Clearance of Trades. I understand that You have entered into a clearing agreement with Electronic Transaction Clearing, Inc. Apex Clearing Corp. ("ETCApex") whereby You will introduce My Account to ETCApex, and ETC Apex will clear all transactions, on a fully-disclosed basis. I understand that ETC Apex carries My Account(s) and is responsible for the execution, clearing and bookkeeping of transactions, but is not otherwise responsible for the conduct of AlpacaPublic Investing. Until receipt from Me of written notice to the contrary, ETC Apex may accept from AlpacaPublic Investing, without inquiry or investigation, (i) orders for the purchase or sale of securities and other property on margin, if I have elected to have a margin account, or otherwise, and (ii) any other instructions concerning said accounts. ETC Apex shall look solely to Alpaca Public Investing unless otherwise directed by XxxxxxPublic Investing, and not to Me with respect to any such orders or instructions; except that I understand that ETC Apex will deliver electronically confirmations, statements, and all written or other notices with respect to My Account directly to Me with copies to AlpacaPublic Investing, and that ETC Apex will look directly to Me or Alpaca Public Investing for delivery of margin, payment, or securities. I agree to hold ETC Apex harmless from and against any losses, costs or expenses arising in connection with the delivery or receipt of any such communication(s), provided ETC Apex has acted in accordance with the above. The foregoing shall be effective as to My Account until written notice to the contrary is received from Me by ETC Apex or AlpacaPublic Investing.

Appears in 1 contract

Samples: Customer Agreement

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Clearance of Trades. I understand that You have entered into a clearing agreement with Electronic Transaction Clearing, Inc. ("ETC") whereby You will introduce My Account to ETC, and ETC will clear all transactions, on a fully-disclosed basis. I understand that ETC carries My Account(s) and is responsible for the clearing and bookkeeping of transactions, but is not otherwise responsible for the conduct of Alpaca. Until receipt from Me of written notice to the contrary, ETC may accept from Alpaca, without inquiry or investigation, (i) orders for the purchase or sale of securities and other property on margin, if I have elected to have a margin account, or otherwise, and (ii) any other instructions concerning said accounts. ETC shall look solely to Alpaca unless otherwise directed by XxxxxxAlpaca, and not to Me with respect to any such orders or instructions; except that I understand that ETC will deliver electronically confirmations, statements, and all written or other notices with respect to My Account directly to Me with copies to Alpaca, and that ETC will look directly to Me or Alpaca for delivery of margin, payment, or securities. I agree to hold ETC harmless from and against any losses, costs or expenses arising in connection with the delivery or receipt of any such communication(s), provided ETC has acted in accordance with the above. The foregoing shall be effective as to My Account until written notice to the contrary is received from Me by ETC or Alpaca.

Appears in 1 contract

Samples: Alpaca Customer Agreement

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