Common use of Pooling of Securities Clause in Contracts

Pooling of Securities. (a) You agree that we may, at our discretion, treat any Securities deposited with us by you or purchased by us for your Account as fungible and pooled like with the other investments held by us or by the Hafoo or specially allocated to your Account. (b) If, in connection with any given Securities held by us, any dividends or other distributions or benefits accrue, you agree that your Account shall be credited for payment made to you. (c) If, in connection with any given Securities held by us, any losses however arises (including losses as a result of a reduction in the number or amount of Securities available for delivery) being suffered, you agree that, as the case may be, your Account shall be debited with the proportion of such loss equal to the proportion of the total number or amount of relative Securities which shall comprise Securities forming part of your Account.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Pooling of Securities. (a) You agree that we may, at our discretion, treat any Securities deposited with us by you or purchased by us for your Account as fungible and pooled like with the other investments held by us or by the Hafoo Eastmoney or specially allocated to your Account. (b) If, in connection with any given Securities held by us, any dividends or other distributions or benefits accrue, you agree that your Account shall be credited for payment made to you. (c) If, in connection with any given Securities held by us, any losses however arises (including losses as a result of a reduction in the number or amount of Securities available for delivery) being suffered, you agree that, as the case may be, your Account shall be debited with the proportion of such loss equal to the proportion of the total number or amount of relative Securities which shall comprise Securities forming part of your Account.

Appears in 1 contract

Samples: Customer Account Application Agreement

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