Common use of FICC Subaccount Clause in Contracts

FICC Subaccount. In the event that XX Xxxxxx establishes a subaccount for you at the Mortgage-Backed Securities Division of the Fixed Income Clearing Corporation (“FICC”), (a) your margin requirement attributable to such subaccount shall be pursuant to Section 5 of the IAA, and (b) you shall pay all transaction, maintenance and other fees and charges that are related to your subaccount. For the avoidance of doubt, all activities transacted through the FICC subaccount shall be deemed Fixed Income Clearing Transactions hereunder. You shall comply with margin calls for Clearing Transactions cleared through the FICC as follows: (a) if you are notified by 12:00 p.m., such margin call shall be satisfied on the same day by the close of the Federal Reserve wire for money transactions, or (b) if you are notified after 12:00 p.m., such margin call shall be satisfied by the close of the Federal Reserve wire for money transactions on the next New York business day; provided, that, in the event that XX Xxxxxx receives an intraday margin call from the FICC with respect to your subaccount (including, for the avoidance of doubt, after 12:00 p.m.) and XX Xxxxxx determines in its sole discretion exercised in good faith that the margin that you maintain at XX Xxxxxx is insufficient to comply with such margin call from the FICC, XX Xxxxxx may notify you that additional margin is required to the extent of such insufficiency, and you shall satisfy such margin call on the same day by the close of the Federal Reserve wire for money transactions.

FICC Subaccount. In the event that XX Xxxxxx establishes a subaccount for you at the Mortgage-Backed Securities Division of the Fixed Income Clearing Corporation (“FICC”), (a) your margin requirement attributable to such subaccount shall be pursuant to Section 5 of the IAA, and (b) you shall pay all transaction, maintenance and other fees and charges that are related to your subaccount. For the avoidance of doubt, all activities transacted through the FICC subaccount shall be deemed Fixed Income Clearing Transactions hereunder. You shall comply with margin calls for Clearing Transactions cleared through the FICC as follows: (a) if you are notified by 12:00 p.m., such margin call shall be satisfied on the same day by the close of the Federal Reserve wire for money transactions, or (b) if you are notified after 12:00 p.m., such margin call shall be satisfied by the close of the Federal Reserve wire for money transactions on FIC-2 (v.2) Form # 0000 JPM Standard Form 01009 FIC Supplement to IAA (2017-02-15) the next New York business day; provided, that, in the event that XX Xxxxxx receives an intraday margin call from the FICC with respect to your subaccount (including, for the avoidance of doubt, after 12:00 p.m.) and XX Xxxxxx determines in its sole discretion exercised in good faith that the margin that you maintain at XX Xxxxxx is insufficient to comply with such margin call from the FICC, XX Xxxxxx may notify you that additional margin is required to the extent of such insufficiency, and you shall satisfy such margin call on the same day by the close of the Federal Reserve wire for money transactions.

FICC Subaccount. In the event that XX Xxxxxx establishes a subaccount for you at the Mortgage-Backed Securities Division of the Fixed Income Clearing Corporation (“FICC”), (a) your margin requirement attributable to such subaccount shall be pursuant to Section 5 of the IAA, and (b) you shall pay all transaction, maintenance and other fees and charges that are related to your subaccount. For the avoidance of doubt, all activities transacted through the FICC subaccount shall be deemed Fixed Income Clearing Transactions hereunder. You shall comply with margin calls for Clearing Transactions cleared through the FICC as follows: (a) if you are notified by 12:00 p.m., such margin call shall be satisfied on the same day by the close of the Federal Reserve wire for money transactions, or (b) if you are notified after 12:00 p.m., such margin call shall be satisfied by the close of the Federal Reserve wire for money transactions on (v.2) Form # 0000 JPM Standard Form 01009 FIC Supplement to IAA (2017-02-15) the next New York business day; provided, that, in the event that XX Xxxxxx receives an intraday margin call from the FICC with respect to your subaccount (including, for the avoidance of doubt, after 12:00 p.m.) and XX Xxxxxx determines in its sole discretion exercised in good faith that the margin that you maintain at XX Xxxxxx is insufficient to comply with such margin call from the FICC, XX Xxxxxx may notify you that additional margin is required to the extent of such insufficiency, and you shall satisfy such margin call on the same day by the close of the Federal Reserve wire for money transactions.

FICC Subaccount. In the event that XX Xxxxxx establishes a subaccount for you at the Mortgage-Backed Securities Division of the Fixed Income Clearing Corporation (“FICC”), (a) your margin requirement attributable to such subaccount shall be pursuant to Section 5 of the IAA, and (b) you shall pay all transaction, maintenance and other fees and charges that are related to your subaccount. For the avoidance of doubt, all activities transacted through the FICC subaccount shall be deemed Fixed Income Clearing Transactions hereunder. You shall comply with margin calls for Clearing Transactions cleared through the FICC as follows: (a) if you are notified by 12:00 p.m., such margin call shall be satisfied on the same day by the close of the Federal Reserve wire for money transactions, or (b) if you are notified after 12:00 p.m., such margin call shall be satisfied by the close of the Federal Reserve wire for money transactions on (v.2) Form # 0000 01009 JPM Standard Form FIC Supplement to IAA (2017-02-15) the next New York business day; provided, that, in the event that XX Xxxxxx receives an intraday margin call from the FICC with respect to your subaccount (including, for the avoidance of doubt, after 12:00 p.m.) and XX Xxxxxx determines in its sole discretion exercised in good faith that the margin that you maintain at XX Xxxxxx is insufficient to comply with such margin call from the FICC, XX Xxxxxx may notify you that additional margin is required to the extent of such insufficiency, and you shall satisfy such margin call on the same day by the close of the Federal Reserve wire for money transactions.

FICC Subaccount. In the event that XX Xxxxxx establishes a subaccount for you at the Mortgage-Backed Securities Division of the Fixed Income Clearing Corporation (“FICC”), (a) your margin requirement attributable to such subaccount shall be pursuant to Section 5 of the IAA, and (b) you shall pay all transaction, maintenance and other fees and charges that are related to your subaccount. For the avoidance of doubt, all activities transacted through the FICC subaccount shall be deemed Fixed Income Clearing Transactions hereunder. You shall comply with margin calls for Clearing Transactions cleared through the FICC as follows: (a) if you are notified by 12:00 p.m., such margin call shall be satisfied on the same day by the close of the Federal Reserve wire for money transactions, or (b) if you are notified after 12:00 p.m., such margin call shall be satisfied by the close of the Federal Reserve wire for money transactions on (v.2) Form # 0000 JPMS Standard Form 01009 FIC Supplement to IAA (2017-02-15) the next New York business day; provided, that, in the event that XX Xxxxxx receives an intraday margin call from the FICC with respect to your subaccount (including, for the avoidance of doubt, after 12:00 p.m.) and XX Xxxxxx determines in its sole discretion exercised in good faith that the margin that you maintain at XX Xxxxxx is insufficient to comply with such margin call from the FICC, XX Xxxxxx may notify you that additional margin is required to the extent of such insufficiency, and you shall satisfy such margin call on the same day by the close of the Federal Reserve wire for money transactions.

FICC Subaccount. In the event that XX Xxxxxx establishes a subaccount for you at the Mortgage-Backed Securities Division of the Fixed Income Clearing Corporation (“FICC”), (a) your margin requirement attributable to such subaccount shall be pursuant to Section 5 of the IAA, and (b) you shall pay all transaction, maintenance and other fees and charges that are related to your subaccount. For the avoidance of doubt, all activities transacted through the FICC subaccount shall be deemed Fixed Income Clearing Transactions hereunder. You shall comply with margin calls for Clearing Transactions cleared through the FICC as follows: (a) if you are notified by 12:00 p.m., such margin call shall be satisfied on the same day by the close of (v.2) Form # 0000 JPM Standard Form 01009 FIC Supplement to IAA (2017-02-15) the Federal Reserve wire for money transactions, or (b) if you are notified after 12:00 p.m., such margin call shall be satisfied by the close of the Federal Reserve wire for money transactions on the next New York business day; provided, that, in the event that XX Xxxxxx receives an intraday margin call from the FICC with respect to your subaccount (including, for the avoidance of doubt, after 12:00 p.m.) and XX Xxxxxx determines in its sole discretion exercised in good faith that the margin that you maintain at XX Xxxxxx is insufficient to comply with such margin call from the FICC, XX Xxxxxx may notify you that additional margin is required to the extent of such insufficiency, and you shall satisfy such margin call on the same day by the close of the Federal Reserve wire for money transactions.