Issuer default risk. In the event that a CBBC issuer suffers an Insolvency Event and defaults on their listed securities, investors will be considered as unsecured creditors and will have no preferential claim to any assets held by the issuer. Investors should therefore pay close attention to the financial strength and credit worthiness of CBBC issuers.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Issuer default risk. In the event that a CBBC issuer suffers an Insolvency Event becomes insolvent and defaults on their listed securities, investors will be considered as unsecured creditors and will have no preferential claim to any assets held by the issuer. Investors should therefore pay close attention to the financial strength and credit worthiness of CBBC issuers.
Appears in 2 contracts
Samples: Client Agreement, www.gtjai.com
Issuer default risk. In the event that a CBBC issuer suffers an Insolvency Event becomes insolvent and defaults on their listed securitiesSecurities, investors Clients will be considered as unsecured creditors and will have no preferential claim to any assets held by the issuer. Investors Clients should therefore pay close attention to the financial strength and credit worthiness of CBBC issuers.
Appears in 1 contract
Samples: Client Agreement
Issuer default risk. In the event that a CBBC issuer suffers an Insolvency Event becomes insolvent and defaults on their listed securities, investors Clients will be considered as unsecured creditors and will have no preferential claim to any assets held by the issuer. Investors Clients should therefore pay close attention to the financial strength and credit worthiness of CBBC issuers.
Appears in 1 contract
Samples: Client Agreement