Option Accounts Sample Clauses
Option Accounts. All options transactions and exercises are subject to the rules and customs of The Options Clearing Cor- poration and of the marketplace where they are executed, as well as to Applicable Laws. Commissions and other charges related to the execution of option transactions are included on the confirmations for such transactions, which will be sent to you (copies of confirmations are available upon request).
Option Accounts. Before a Customer Account may engage in option trading, Correspondent shall deliver to Customer a current disclosure statement of the Options Clearing Corporation, the Special Statement for Uncovered Option Writing, and any effective amendments or supplements thereto. Correspondent shall obtain the required signatures on all option agreements, shall obtain proper approval for the opening of all option accounts, and shall otherwise comply with the Applicable Laws and Rules applicable to options accounts and options trading. Correspondent shall deliver to Ridge a copy of a signed option agreement for each Customer approved by Correspondent for options trading, such agreement to be in a form acceptable to Ridge.
Option Accounts. Before engaging in option trading for any customer, Introducing Firm shall deliver to customer a current disclosure statement of the Options Clearing Corporation, the Special Statement for Uncovered Option Writing, and any effective supplements. Introducing Firm shall obtain the required signatures on all option agreements, shall obtain proper approval for the opening of all option accounts, and shall otherwise comply with the rules applicable to options accounts and options trading. Introducing Firm shall deliver to Clearing Agent a copy of a signed option agreement for each customer approved by it for options trading in a form acceptable to Clearing Agent.
Option Accounts. Before engaging in option trading for any customer, Broker shall deliver to the customer a current disclosure statement of the Options Clearing Corporation and any effective supplements. Broker shall obtain the required signatures on all option agreements, shall obtain proper approval of the opening of all option accounts and shall otherwise comply with all applicable laws, rules and regulations relating to options accounts and option trading. Broker shall deliver to Pershing a copy of a signed option agreement for each customer approved by it for options trading in a form acceptable to Pershing.
Option Accounts. Before engaging in option trading for any Customer, Correspondent shall deliver to Customer a current disclosure statement of the Options Clearing Corporation, the Special Statement for Uncovered Option Writing, and any effective supplements. Correspondent shall obtain the required signatures on all option agreements, shall obtain proper approval for the opening of all option accounts, and shall otherwise comply with the Laws and Rules applicable to options accounts and options trading. Correspondent shall deliver to ICS a copy of a signed option agreement for each Customer approved by it for options trading in a form acceptable to ICS.
Option Accounts. In the event that any customer elects to engage in listed securities options transactions in an Account accepted by FSWC, or CLAY enters securities options transactions in an Account accepted by FSWC, CLAY agrees to (i) abide by FSWC's requirements and time limitation for accepting an exercise notice with respect to a Customer's options positions, which requirements and time limitations may be different from the minimum requirements imposed by the Options Clearing Corporation ("OCC") or other regulatory or self-regulatory organization from time to time, (ii) determine the suitability of the Customer for trading options and approving specific options strategies and transactions, (iii) provide the Customer with a current copy of the OCC disclosure document and applicable updates as published from time to time by OCC (and complying with such other requirements involving the dissemination of disclosure documents, including prospectuses, as may be required from time to time by applicable law), and (iv) notify the customer when customer has been assigned delivery responsibility regarding any short options positions, and accept exercise notices from the customer regarding long options positions.
Option Accounts. All options transactions and exercises are subject to the rules and customs of The Options Clearing Corporation and of the marketplace where they are executed, as well as to applicable
Option Accounts. There is a high degree of risk involved in trading option transactions, and you acknowledge that you are aware of such risks and have given Integrated Investment Research information that demonstrates the anticipated trading privileges you have elected to utilize with the Account opened by you are not unsuitable for you in relation to your investment objectives, financial situation, experience and knowledge. You agree to take full responsibility to advise Integrated Investment Research of any changes in your investment objectives, financial situations or other circumstances that are, or may be deemed, to materially affect the suitability of executing option transactions in your Account. You hereby acknowledge and agree to the following terms, conditions, and representations if you elect to engage in option transactions in your Account:
(i) You agree to be bound by the terms of Apex’s (Clearing Firm’s) Customer Option Agreement in addition to the terms containedherein.
(ii) You acknowledge that trading equity and index options is highly speculative and contains a high degree of risk.
(iii) You agree to be financially capable of undertaking the risks associated with trading equity and index option contracts and agree to be able to endure any losses incurred by trading such products.
(iv) You agree to read and fully understand the Options Disclosure Document (“ODD”), also known as the Characteristics and Risks of Standardized Options, issued by the OCC prior to entering your first option transaction (purchase or sale of any option contract) in your Account.
(v) You agree to read and fully understand the Special Statement for Uncovered Option Writers prior to entering your first uncovered option transaction in your Account.
(vi) You agree to comply with all Applicable Rules and Regulations, including, but not limited to, the Applicable Rules and Regulations specific to margin Accounts if you engage in option transactions in your marginAccount.
(vii) You agree to not exceed, alone or in concert with others, the position and exercise limits imposed by the rules of the OCC.
(viii) You acknowledge that a random method of allocation is used by the Clearing Firm for all option assignments received from the OCC, exercise assignment notices for option contracts are allocated among all Customers’ short positions within that series, and this is accomplished by a manual procedure, which randomly selects from among all customer short positions, including positions establi...
Option Accounts. 4 3.1.4 Proprietary Accounts...........................................4 3.1.5 Customer Complaints............................................4 3.1.6 Lost, Stolen and Forged Securities.............................5 3.1.7 Placement Activities...........................................5 3.1.8 Marketmaking...................................................5 3.1.9 Restricted and Control Stock Requirements......................5 3.1.10
Option Accounts. In the event that any Customer elects to engage in listed options transactions in an Account and BNYCS accepts the options account or Broker enters options transactions in an Account accepted by BNYCS, Broker agrees to (i) abide by BNYCS' requirements and time limitation for accepting an exercise notice with respect to each Account's options positions, which requirements and time limitations may be different from the minimum requirements imposed by the Options Clearing Corp. ("OCC") or other SRO from time to time, (ii) determine the suitability of the Customer for trading options and approving specific options strategies, (iii) provide the Customer with a current copy of the OCC disclosure document and applicable updates as published from time to time by OCC (and complying with such other requirements involving the dissemination of disclosure documents, including prospectuses, as may be required from time to time by Applicable Regulations), and (iv) notify the Customer when Customer has been assigned delivery responsibility regarding any short options positions, and accept exercise notices from the Customer regarding long options positions.