GTN Asia Financial Services Sample Clauses

GTN Asia Financial Services. (Pte.) Ltd, (‘GTN ASIA’) had entered into arrangements with third-party service providers (‘SP’) who offer clients the ability to lend out certain of their fully paid and excess margin securities to the SP, which SP may then lend to other SP clients or to other market participants who wish to use these securities for short selling or other purposes. “Fully Paid Securities” are securities in your account that have been completely paid for. “Excess-margin securities” are securities that have not been completely paid for, but whose market value exceeds 140% of your margin debit balance. In this disclosure and in the relevant agreements, we collectively refer to fully paid and excess margin securities as “Fully Paid Securities”. Lending out your Fully Paid Securities may be a way to increase the yield on your portfolio, because some securities are in high demand in the securities lending market and borrowers are willing to pay a loan fee for the use of your securities. In the SP’s, Fully Paid Securities Lending Program (the “Program”), you permit the SP to borrow from you any Fully Paid Securities in your portfolio and loan these securities out in the securities lending market. SP will have the discretion to initiate loans of your securities. You will not be asked to approve each loan before it is initiated, but you can sell your securities at any time and/or terminate your participation in the program. SP will pay GTN ASIA a loan fee for the securities that it borrows from you. Ordinarily SP will pay GTN ASIA a percentage of the net loan fee received by the SP for lending your securities. SP’s net loan fee used to calculate GTN ASIA’s loan fees may be less than the gross fees received by the SP for relending your securities because of certain deductions and charges. GTN ASIA upon receipt of loan fee will pay you an agreed percentage of the fees it receives from the SP. This amount will be credited to the account within 10 working days of receipt of fees from the SP to GTN ASIA. Basic mechanics of a fully paid lending transaction When the lending transaction takes place, your securities will be designated as on loan. In return, SP will hold collateral for you to secure the amount of the loan. The current industry convention for the collateral calculation will be applied to ensure the collateral held is equivalent to or exceeds the value of the securities lent. SP will be the counterparty borrower to all of the loans you make. That is, as a client, you are tran...
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  • Financial Services Compensation Scheme We are a participant in the Financial Services Compensation Scheme (the “FSCS”). As a retail client you may be eligible to claim compensation from the FSCS in certain circumstances if we, any approved bank, our nominee company or eligible custodian are in default. Most types of investment business are covered in full for the first £85,000 of any eligible claim. Not every investor is eligible to claim under this scheme: for further information please contact us, or the FSCS directly at xxx.xxxx.xxx.xx.

  • Online Banking Services We may provide Online Banking Services to you during the Term from time to time as described in this Agreement. You understand and agree that we may, and you authorize us to, provide Online Banking Services through one or more third party vendors. This Agreement does not apply to services provided under separate agreements with third party vendors that do not specifically reference this Agreement or that are not specifically referenced in this Agreement. Please refer to the online help and instructions on how to use our Online Banking Services. Such instructions are part of this Agreement. Please note that during your use of Online Banking Services, we may provide you with additional requirements and limitations regarding the use of Online Banking Services through the system by which we may provide Online Banking Services. You agree to be bound by any and all such additional requirements and limitations. You also agree to be bound by any and all of our published policies and procedures, whether published on the Web Site, through the Online Banking Services, or otherwise. Any and all such policies and procedures shall be a part of this Agreement.

  • Beta Services From time to time, We may invite You to try Beta Services at no charge. You may accept or decline any such trial in Your sole discretion. Beta Services will be clearly designated as beta, pilot, limited release, developer preview, non-production, evaluation or by a description of similar import. Beta Services are for evaluation purposes and not for production use, are not considered “Services” under this Agreement, are not supported, and may be subject to additional terms. Unless otherwise stated, any Beta Services trial period will expire upon the earlier of one year from the trial start date or the date that a version of the Beta Services becomes generally available. We may discontinue Beta Services at any time in Our sole discretion and may never make them generally available. We will have no liability for any harm or damage arising out of or in connection with a Beta Service.

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