Common use of Issuer default risk Clause in Contracts

Issuer default risk. In the event that a CBBC issuer 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, Client Agreement for Securities Trading

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Issuer default risk. In the event that a CBBC issuer becomes insolvent 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 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 (Securities Trading Account)

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Issuer default risk. In the event that a CBBC issuer 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

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