Common use of Clearing Agreement Clause in Contracts

Clearing Agreement. The Firm and its Clearing Firms have entered into a clearing agreement in which these Clearing Firms are clearing agents for securities transactions for the Firm’s clients. The Firm transmits client instructions to the Clearing Firms which are then responsible for causing such instructions to be executed. All securities, dividends, and proceeds will be held at the Clearing Firms by means of record entries unless you instruct the Firm otherwise in writing and the instruction can be reasonably accommodated.

Clearing Agreement. The Firm and its Clearing Firms have entered into a clearing agreement in which these Clearing Firms are clearing agents for securities transactions or derivatives for the Firm’s clients. The Firm transmits client instructions to the Clearing Firms which are then responsible for causing such instructions to be executed. All securities, dividends, and proceeds will be held at the Clearing Firms by means of record entries unless you instruct the Firm otherwise in writing and the instruction can be reasonably accommodated.

Clearing Agreement. The Firm and its Clearing Firms Firm have entered into a clearing agreement in which these the Clearing Firms are Firm is a clearing agents agent for securities transactions or derivatives for the Firm’s clients. The Firm transmits client instructions to the Clearing Firms Firm which are then responsible for causing such instructions to be executed. All securities, dividends, and proceeds will be held at the Clearing Firms Firm by means of record entries unless you instruct the Firm otherwise in writing and the instruction can be reasonably accommodatedaccommodated2.