OPENING INTRODUCED ACCOUNTS Clause Samples

OPENING INTRODUCED ACCOUNTS. At the time of the opening of each prospective Introduced Account, the Introducing Broker shall submit to the Clearing Broker a completed new account form on such forms as the Clearing Broker will supply to the Introducing Broker or the Introducing Broker shall otherwise provide new account information to the Clearing Broker by such process and/or in such format as may be mutually agreed. The Clearing Broker shall promptly make such credit and other review of the prospective Introduced Account as it deems necessary and promptly thereafter notify the Introducing Broker of its acceptance (together with relevant account numbers at the Clearing Broker for such Introduced Account) or non-acceptance thereof (together with the reasons therefor).