Common use of Gatekeeping of Securities Clause in Contracts

Gatekeeping of Securities. You acknowledge that your securities trading in USD will reside in your USD Account and that your securities trading in CAD will reside in your CAD Account. For greater clarity, where you open a USD Account and hold securities trading in USD in an existing CAD Account, the Firm will, through a series of internal transfers, transfer such securities to your USD Account. Conversely, if you close your USD Account, the Firm will, through a series of internal transfers, move such securities to your CAD Account. You acknowledge that during the transfer, you will not be able to trade any of the securities subject to the transfer for a period ranging from one (1) hour to seven (7) days.

Gatekeeping of Securities. You acknowledge that your securities trading in USD will reside in your USD Account and that your securities trading in CAD will reside in your CAD Account. For greater clarity, where you clients open a USD Account account and hold holds securities trading in USD in an existing CAD Account, the Firm will, through a series of internal transfers, transfer such securities to your their USD AccountAccounts. Conversely, if you where clients close your their USD Account, the Firm will, through a series of internal transferstransfer, move such securities to your their CAD Account. You acknowledge that during the transfer, you will not be able to trade any of the securities subject to the transfer for a period ranging from one (1) hour to seven (7) days.