Delivery of dividends. CIF will pay all dividends, distributions, interest, coupons or benefits relating to the Securities of Client into the Securities Account. If the Securities in respect of which the dividend, interest, coupons or distribution or other benefit accrues form part of a larger holding of identical Securities held by CIF for clients, then Client shall be entitled to the share and proportion of such dividend, distribution, interest, coupons or benefit arising on the larger holding as equals the share or proportion of Client's holding of Securities to the total larger holding of those Securities.
Appears in 5 contracts
Samples: Securities and Futures Client Agreement, Securities and Futures Client Agreement, Securities and Futures Client Agreement
