Futures Account Sample Clauses

A Futures Account clause defines the establishment and operation of an account specifically for trading futures contracts. It outlines the requirements for opening such an account, including necessary documentation, margin deposits, and compliance with regulatory standards. This clause ensures that both parties understand the terms under which futures transactions will be conducted, thereby facilitating proper risk management and regulatory compliance in futures trading activities.

Futures Account. The Authorized Participant represents and warrants that it will arrange to receive any futures contracts owing to the Authorized Participant upon settlement of a Redemption Order at an account it establishes through a member of the Chicago Mercantile Exchange’s associated clearing organization (which may include such Authorized Participant), and will maintain such an account at all times it is an Authorized Participant. The Authorized Participant will provide notice of such account to the Settlement Agent in the upon request.