Reversal of Account Entries. In some jurisdictions the delivery of Investments or crediting of cash to an account may be reversed in certain circumstances. Accordingly, any delivery of Investments or crediting of cash to an Account will be subject to reversal if, in accordance with local laws and practice, the delivery of Investments or cash giving rise to the credit is reversed. Account entries may also be reversed to reflect any failed or delayed (or partially failed or delayed) settlements to or from the Client’s Account. MSI plc will use reasonable endeavours to notify the Client in advance if it becomes aware that any Account entry may be reversed and will notify the Client promptly if any Account entry is reversed.
Appears in 4 contracts
Samples: Master Netting Agreement, Master Netting Agreement, Master Netting Agreement
