Clearing Services. If you provide brokerage clearing services to financial intermediaries who wish to sell Fund shares (“Originating Firms”), the terms of Schedule E shall apply.
Clearing Services. You represent that you and each such Originating Firm are parties to a clearing agreement which conforms to the requirements of Rule 3230 of the FINRA Conduct Rules or, as applicable, the rules of a national securities exchange. In addition, you agree that (a) you are responsible for ensuring that Fund shares are offered and sold by Originating Firms in compliance with all terms and conditions of this Agreement and the Prospectus as if you had conducted such offers and sales yourself and (b) your agreements with each Originating Firm will comply with all arrangements of Regulation S-P of the U.S. Securities and Exchange Commission (“SEC”) and will require each Originating Firm to adopt policies and procedures that address suitable safeguards for the protection of consumer records and information.
Clearing Services. 4.2 The T2CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T2IB.
4.3 The T2CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T2IB's Clients' accounts and principal business. However, the T2CB reserves the right, in its sole discretion, and on advice to the T2IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements. In the event of any such refusal with respect to a trade for the T2IB's principal business or Client accounts, the T2IB may place such trade with another securities dealer that meets applicable SRO Requirements.
Clearing Services. 4.2 The T1CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T1IB;
4.3 The T1CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T1IB's Clients' accounts and principal business. However, the T1CB reserves the right, in its sole discretion, and on advice to the T1IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements.
Clearing Services. 1.1 The Company shall, if and as from the time IFSG admits the Customer to membership, provide the requisite clearing services to the Customer in respect of the trades made by the Customer on the ICE Platform in accordance with the rules of IFSG and ICSG during the term of this Agreement.
1.2 In consideration of the above services provided by the Company, the Customer acknowledges and agrees that:-
(a) The Company acts as principal at all times in all the trades and contracts executed on IFSG and cleared through ICSG;
(b) The Customer has no claim of any nature against IFSG and/or ICSG, whether in tort, contract, restitution, in respect of any trades and contracts, pursuant to the rules of IFSG and ICSG, this Agreement, the agreement between the Company and ICSG or otherwise, save for any liability which by applicable law may not be excluded;
(c) The ICE Clear Singapore Customer-CM Transactions Standard Terms, as amended, as well such other terms and/or rules as may from time to time be prescribed by IFSG and ICSG shall be incorporated hereunder and prevail in the event of any inconsistency.
Clearing Services. Gemini shall make the following functionality available to Customer through the Gemini Platform (the “Clearing Services”):
(a) Gemini clearing (“Gemini Clearing”) allows the submission, acceptance, funding, and settlement of purchase and sale transactions with respect to Supported Digital Assets that Customer arranges and negotiates with another party that is a Gemini Customer (“Counterparty”) without the involvement of Gemini or any Gemini affiliate (such transactions, “Clearing Transactions”). Each Clearing Transaction has one party that will act as buyer owing an amount of fiat currency (such party, the “Buyer” and such amount, the “Fiat Currency Amount”) and a party that will act as a seller owing an amount of Supported Digital Assets (such party, the “Seller” and such amount, the “Digital Asset Amount”).
(b) For each Clearing Transaction, Customer or Counterparty is responsible for submitting a request (such party, the “Submitting Party” and such request a “Clearing Request”) to settle a transaction through Gemini Clearing in the form and manner, and otherwise in accordance with the instructions, technical specifications and other information, that Gemini may require, either through the Gemini Clearing user interface or as otherwise instructed or requested by Gemini. Customer acknowledges and agrees that Gemini may amend or revise these requirements from time to time, for any reason and without prior notice to Customer. For each Clearing Transaction and Clearing Request, the Submitting Party must, at a minimum, (i) identify the Gemini Account of the other party to the Clearing Transaction (such party, the “Confirming Party”), (ii) the Buyer and the applicable Fiat Currency Amount for the Clearing Transaction, (iii) the Seller and the applicable Digital Asset Amount for the Clearing Transaction, and (iv) the time period by when the Clearing Request will expire if not completed (“Expiration Time”).
(c) Once the Submitting Party successfully submits a Clearing Request, Gemini shall notify the Confirming Party of the Clearing Request and the relevant information in such Clearing Request. Each of the Customer and the Counterparty are responsible for funding their respective Depository Accounts or Fiat Accounts, as applicable, with the Fiat Currency Amount and the Digital Asset Amount, as applicable based on the Clearing Request, in each case prior to the Expiration Time.
(d) If, prior to the Expiration Time, both the Customer and the Counterparty have fund...
Clearing Services. 2The T4CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T4IB.
Clearing Services. 2The T1CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T1IB;
Clearing Services. 2The T2CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T2IB.
Clearing Services. A. Give-up/Take-up
B. Settlement related costs
