Custody of Customer’s Securities Collateral. We shall, at our discretion, in respect of your Securities Collateral deposited by you with us or otherwise provided by or on your behalf to us: (a) register in your name or in our name or our associated entity, or register in accordance with Applicable Laws and Regulations of the jurisdiction which your Securities Collateral are held; (b) deposit in safe custody in a segregated account (which is designated as a trust account or customer account) with (i) in relation to those of your Securities Collateral that are to be kept in Hong Kong, an authorized financial institution, an approved custodian or another intermediary licensed by the SFC that is permitted to hold customer’s assets; or (ii) in relation to those of your Securities Collateral that are to be kept in a jurisdiction outside Hong Kong, an institution properly authorized by law and regulations in such jurisdiction(s) applicable to you to hold such Securities Collateral (whether or not such Securities Collateral may have the same level of protection as those that are kept in Hong Kong).
Appears in 4 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
