Common use of Excess and FX Custody Accounts Clause in Contracts

Excess and FX Custody Accounts. For each CTA trading program two Fund accounts will be set up at MS&Co. One account will be designated as a custody account for MS&Co FX. MF Ops will maintain equity in the custody account sufficient to cover margin requirements of the FX trading account. The second account will contain the balance of excess equity that is not required in the custody and futures trading accounts.

Appears in 13 contracts

Samples: Advisory Agreement (Tactical Diversified Futures Fund L.P.), Advisory Agreement (Managed Futures Premier BHM L.P.), Advisory Agreement (LV Futures Fund L.P.)

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