Common use of DISCLOSURE OF CREDIT TERMS Clause in Contracts

DISCLOSURE OF CREDIT TERMS. Rule 10b-16 of the Securities Exchange Act of 1934 requires a broker who extends credit to a customer in connection with any securities transaction to furnish the customer specified information describing the terms, conditions, and methods whereby interest charges are made to customers’ accounts. This disclosure statement is provided to you by Clearing Firm in conformity with that rule.

Appears in 11 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

AutoNDA by SimpleDocs

DISCLOSURE OF CREDIT TERMS. Rule 10b-16 of the Securities Exchange Act of 1934 requires a broker who extends credit to a customer in connection with any securities transaction to furnish the customer specified with information describing the terms, conditions, and methods whereby interest charges are made to customers' accounts. This disclosure statement is provided to you by Clearing Firm in conformity with that rule.

Appears in 8 contracts

Samples: Basic Brokerage Account Agreement, Basic Brokerage Account Agreement, Brokerage Account Agreement

DISCLOSURE OF CREDIT TERMS. Rule 10b-16 of the Securities Exchange Act of 1934 requires a broker who extends credit to a customer in connection with any securities transaction to furnish the customer specified with information describing the terms, conditions, and methods whereby interest charges are made to customers' accounts. This disclosure statement is provided to you by Clearing Firm in conformity with that rule.

Appears in 1 contract

Samples: Basic Brokerage Account Agreement

AutoNDA by SimpleDocs

DISCLOSURE OF CREDIT TERMS. Rule 10b-16 of the Securities Exchange Act of 1934 requires a broker who extends credit to a customer in connection with any securities transaction to furnish the customer specified with information describing the terms, conditions, and methods whereby interest charges are made to customers' accounts. This disclosure statement is provided to you by Clearing Firm in conformity with that rule. securities sold, from proceeds of sales paid prior to settlement date, or for other charges which may be made to your Account. You understand and agree that the interest charged shall be determined by the rate applied on margin accounts.

Appears in 1 contract

Samples: Brokerage Account Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!