Collateral for Loaned Securities. Pursuant to the Agreement between GTNASIA and the SP, in exchange/s for the Loaned Securities, GTN ASIA will ensure the SP holds on your behalf in an account either cash collateral or financial instruments issued by government treasuries that may be secured by the government of the issuing country. There may be market fluctuation in the value of the financial instruments posted to you as collateral under the Agreement, which may result in the value of the financial instruments being insufficient to replace the full value of the Loaned Securities, should the SP default. If SP, defaults and the market value of the Loaned Securities increases on the day that SP defaults, the cash collateral provided by the SP may be sufficient to fully collateralize the Loaned Securities. While a securities loan is outstanding, and until Loaned Securities are credited back to your account upon termination of a loan, you will lose your right to vote the Loaned Securities. However, you retain a contractual right to the return of the Loaned Securities and, accordingly, continue to have market exposure with respect to the Loaned Securities. If you wish to act on an upcoming corporate action e.g., dividends, rights issues, reverse splits, mergers and acquisitions and similar, you may instruct GTN ASIA to return the Loaned Securities prior to the record date.
Collateral for Loaned Securities. Pursuant to the Agreement, in exchange for the Loaned Securities, SP will pledge to you in an account either cash collateral or U.S. Treasuries, as permitted under Rule 15c3‐3(b)(3)(iii)(B) of the Securities Exchange Act of 1934 and related SEC guidance. There may be market fluctuation in the value of the U.S. Treasuries posted to you as collateral under the Agreement, which may result in the value of the U.S. Treasuries being insufficient to replace the full value of the Loaned Securities, should SP default. If SP, defaults and the market value of the Loaned Securities increases on the day that SP defaults, the cash collateral provided by SP may be insufficient to fully collateralize the Loaned Securities.
Collateral for Loaned Securities. Pursuant to the SLA, in exchange for the Loaned Securities, JPMS will provide you (or, in the alternative, pledge to you in an account maintained by a custodian) with either cash collateral or a form of non-cash collateral permissible under Rule 15c3-3(b)(3)(iii)(B) of the Securities Exchange Act of 1934 and related SEC guidance. Pursuant to the SLA and applicable regulations, JPMS will xxxx the Loaned Securities to market at the close of trading on each business day and, if necessary, will transfer additional collateral no later than the close of business on the next business day so that the market value of the collateral is equal to the market value of the Loaned Securities. If JPMS defaults and the market value of the Loaned Securities increases in value on the day JPMS defaults, the cash collateral provided by JPMS may be insufficient to fully collateralize the Loaned Securities. If JPMS collateralizes the Loaned Securities with securities collateral, the securities collateral will be subject to market risk, and therefore may not be sufficient to replace the full value of Loaned Securities should JPMS default. SHOULD JPMS POST SECURITIES COLLATERAL AS PERMITTED BY APPLICABLE LAW, SOME SECURITIES PROVIDED BY JPMS AS COLLATERAL UNDER THE SLA MAY NOT BE GUARANTEED BY THE UNITED STATES.
Collateral for Loaned Securities. Pursuant to the Agreement, in exchange for the Loaned Securities, SP will pledge to you in an account either cash collateral or U.S. Treasuries, as permitted under Rule 15c3‐3(b)(3)(iii)(B) of the Securities Exchange Act of 1934 and related SEC guidance. There may be market fluctuation in the value of the U.S. Treasuries posted to you as collateral under the Agreement, which may result in the value of the U.S. Treasuries being insufficient to replace the full value of the Loaned Securities, should SP default. If SP, defaults and the market value of the Loaned Securities increases on the day that SP defaults, the cash collateral provided by SP may be insufficient to fully collateralize the Loaned Securities. If you are a U.S. taxpayer, cash payments in lieu of dividends will not be afforded the same treatment as qualified dividends for tax purposes and are likely to be taxed at a higher tax rate instead of the preferential qualified dividend rate. GTN Asia Financial Services (Pte.) Ltd. Ocean Financial Centre, 10 Collyer Quay, #05-06, Singapore (049315) Dear Xxx, DECLARATION FORM We ……….…………………………………………………………………………………………. incorporated/established in ................................................................................................................ having its registered office at ………………………………………...............................................…………... are regulated by/fall under the purview of …………………………………………............................................ xxxxxx declare as follows. The securities to be purchased through the Trading Account to be opened by us is for the benefit of our clients who are the ultimate beneficiaries of the securities in our capacity as Custodian/Trustee/Fund Manager/Unit Trust Manager/foreign Broker/foreign Dealer. We the Custodian/Trustee/Fund Manager/Unit Trust Management Company/foreign Broker/foreign Dealer, opening the Trading Account for the benefit of the respective beneficiaries, maintain all information pertaining to the ultimate beneficiaries of the account and undertake to promptly release such information, pertaining to the beneficiaries to the GTN Asia Financial Services (Pte.) Ltd. at any time, if required by the respective local exchange or a regulatory body. We the Custodian/Trustee/Fund Manager/Unit Trust Management Company/foreign Broker/foreign Dealer, opening the Trading Account for the benefit of the respective beneficiaries confirm that we have performed comprehensive customer due diligence measures on...
Collateral for Loaned Securities. There may be market fluctuation in the value of the U.S. Treasuries posted to you as collateral under this Securities Lending Agreement, which may result in the value of the U.S. Treasuries being insufficient to replace the full value of the Loaned Securities, should SoFi HK become insolvent. If SoFi HK becomes insolvent and the Market Value of the Loaned Securities increases on the day that SoFi HK's insolvency, the Collateral provided by SoFi HK may be insufficient to fully collateralize the Loaned Securities.
Collateral for Loaned Securities. Pursuant to the Agreement, in exchange for the Loaned Securities, SP will pledge to you in an account either cash collateral or U.S. Treasuries, as permitted under Rule 15c3‐3(b)(3)(iii)(B) of the Securities Exchange Act of 1934 and related SEC guidance. There may be market fluctuation in the value of the U.S. Treasuries posted to you as collateral under the Agreement, which may result in the value of the U.S. Treasuries being insufficient to replace the full value of the Loaned Securities, should SP default. If SP, defaults and the market value of the Loaned Securities increases on the day that SP defaults, the cash collateral provided by SP may be insufficient to fully collateralize the Loaned Securities. If you are a U.S. taxpayer, cash payments in lieu of dividends will not be afforded the same treatment as qualified dividends for tax purposes and are likely to be taxed at a higher tax rate instead of the preferential qualified dividend rate. EXHIBIT 5: GTN API SERVICES - ADDITIONAL TERMS & CONDITIONS GTN API: means an application programming interface provided by GTN ASIA and made available on the GTN API Portal that enables the Client to access the GTN API services. GTN API Portal: consists of the GTN Trading API, GTN DWM API, GTN market data API, and any other GTN API that may be added by GTN ASIA from time to time.
Collateral for Loaned Securities. Pursuant to the Agreement, in exchange for the Loaned Securities, SP will pledge to you in an account either cash collateral or U.S. Treasuries, as permitted under Rule 15c3‐3(b)(3)(iii)(B) of the Securities Exchange Act of 1934 and related SEC guidance. There may be market fluctuation in the value of the U.S. Treasuries posted to you as collateral under the Agreement, which may result in the value of the U.S. Treasuries being insufficient to replace the full value of the Loaned Securities, should SP default. If SP, defaults and the market value of the Loaned Securities increases on the day that SP defaults, the cash collateral provided by SP may be insufficient to fully collateralize the Loaned Securities. If you are a U.S. taxpayer, cash payments in lieu of dividends will not be afforded the same treatment as qualified dividends for tax purposes and are likely to be taxed at a higher tax rate instead of the preferential qualified dividend rate. The Client hereby agree/s to the terms and conditions below with regard to Derivatives Trading.
Collateral for Loaned Securities. Pursuant to the Agreement, in exchange for the loaned securities, PSHK will deliver collateral to you. Collateral provided to you in respect of loaned securities will consist of cash, U.S. Treasury and/or any securities accepted by the Company deposited in an account (the "Pledge Account") carried by a third party (the "Securities Intermediary"), a financial institution under the name of PSHK on behalf of you.
