Limited life. 6.1.1.3.1 A CBBC has a limited lifespan of three months to five years. The life of a CBBC may be shorter if called before the fixed expiry date. The price of a CBBC fluctuates with the changes in the price of the underlying asset from time to time and may become worthless after expiry and in certain cases, even before the normal expiry if the CBBC has been called early.
Appears in 8 contracts
Samples: Securities Account Agreement, Securities Account Agreement, Client Securities Account Agreement
Limited life. 6.1.1.3.1 A CBBC has a limited life, as denoted by the fixed expiry date, with a lifespan of three 3 months to five 5 years. The life of a CBBC may be shorter if called before the fixed expiry date. The price of a CBBC fluctuates with the changes in the price of the underlying asset from time to time and may become worthless after expiry and in certain cases, even before the normal expiry if the CBBC has been called early.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Limited life. 6.1.1.3.1 A CBBC has a limited lifespan of three months to five years. The life of a CBBC may be shorter if called before the fixed expiry date. The price of a CBBC fluctuates with the changes in the price of the underlying asset from time to time and may become worthless after expiry and in certain cases, even before the normal expiry if the CBBC has been called early.
Appears in 1 contract
