Common use of Client Agreements Clause in Contracts

Client Agreements. 4.1 The Client has consented to the establishment of a trust by the Dealer for the purpose of the outright transfer by the Dealer of the Underlying Securities to the Trustee to hold for the benefit of the Client. The Client consents to the custody and control of the Underlying Securities and any transfer of those securities to be done by the Trustee on the Client’s behalf. 4.2 The Client: a. authorises the Dealer to substitute Securities held by the Trustee for the Client with Equivalent Securities owned by the Dealer, from time to time; and b. consents to netting being conducted with respect to the Client’s account; c. consents to rollovers being conducted with respect to the Client’s account/does not consent to rollovers being conducted with respect to the Client’s account. 4.3 The Client agrees that the Trustee may appoint a custodian or sub-custodian to hold the Underlying Securities only so long as such appointment is done in accordance with the Retail Repo Regulations and in compliance with the requirements of the Regulator; 4.4 The Client consents to the application of the Trustee’s operating rules to the Transactions under this Agreement; and 4.5 The Client understands and agrees that the price of the Underlying Securities determined by the agreed valuation method is notional and the value of the Underlying Securities may vary from time to time according to market conditions and other factors. In all circumstances, the method of valuation used in connection with this Agreement shall be approved by the Regulator or be the method of valuation recognized by the Regulator and the client agrees to the utilization of and to be bound by such method of valuation.

Client Agreements. 4.1 The Client has consented to the establishment of a trust by the Dealer for the purpose of the outright transfer by the Dealer of the Underlying Securities to the Trustee to hold for the benefit of the Client. The Client consents to the custody and control of the Underlying Securities and any transfer of those securities to be done by the Trustee on the Client’s behalf. 4.2 The Client: a. (a) authorises the Dealer to substitute Securities held by the Trustee for the Client with Equivalent Securities owned by the Dealer, from time to time; and b. (b) consents to netting being conducted with respect to the Client’s account; c. (c) consents to rollovers being conducted with respect to the Client’s account/does not consent to rollovers being conducted with respect to the Client’s account. 4.3 The Client agrees that the Trustee may appoint a custodian or sub-custodian to hold the Underlying Securities Assets only so long as such appointment is done in accordance with the Retail Repo Regulations and in compliance with the requirements of the Regulator; 4.4 The Client consents to the application of the Trustee’s operating rules to the Transactions under this Agreement; and 4.5 The Client understands and agrees that the price of the Underlying Securities determined by the agreed valuation method is notional and the value of the Underlying Securities may vary from time to time according to market conditions and other factors. In all circumstances, the method of valuation used in connection with this Agreement shall be approved by the Regulator or be the method of valuation recognized by the Regulator and the client agrees to the utilization of and to be bound by such method of valuation.

Client Agreements. 4.1 The Client has consented to the establishment of a trust by the Dealer for the purpose of the outright transfer by the Dealer of the Underlying Securities to the Trustee to hold for the benefit of the Client. The Client consents to the custody and control of the Underlying Securities and any transfer of those securities to be done by the Trustee on the Client’s behalf. 4.2 The Client: a. authorises the Dealer to substitute Securities held by the Trustee for the Client with Equivalent Securities owned by the Dealer, from time to time; and b. consents to netting being conducted with respect to the Client’s account; c. consents to rollovers being conducted with respect to the Client’s account/does not consent to rollovers being conducted with respect to the Client’s account... 4.3 The Client agrees that the Trustee may appoint a custodian or sub-custodian to hold the Underlying Securities only so long as such appointment is done in accordance with the Retail Repo Regulations and in compliance with the requirements of the Regulator; 4.4 The Client consents to the application of the Trustee’s operating rules to the Transactions under this Agreement; and 4.5 The Client understands and agrees that the price of the Underlying Securities determined by the agreed valuation method is notional and the value of the Underlying Securities may vary from time to time according to market conditions and other factors. In all circumstances, the method of valuation used in connection with this Agreement shall be approved by the Regulator or be the method of valuation recognized by the Regulator and the client agrees to the utilization of and to be bound by such method of valuation.