RISK OF PROVIDING AN AUTHORITY TO Sample Clauses

RISK OF PROVIDING AN AUTHORITY TO. HOLD MAIL OR TO DIRECT MAIL TO THIRD PARTIES If you provide a licensed person with an authority to hold mail or to direct mail to third parties, it is important for you to promptly collect in person all contract notes and statements of your account and review them in detail to ensure that any anomalies or mistakes can be detected in a timely fashion.

RISK OF PROVIDING AN AUTHORITY TO. REPLEDGE YOUR SECURITIES COLLATERAL ETC (only applicable if you open margin account(s) with the Broker)

RISK OF PROVIDING AN AUTHORITY TO. REPLEDGE THE CLIENT’S SECURITIES COLLATERAL ETC. There is risk if the Client provides AIML with an authority that allows it to apply the Client’s securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge the Client’s securities collateral for financial accommodation or deposit the Client’s securities collateral as collateral for the discharge and satisfaction of its settlement obligations and liabilities. If the Client’s securities or securities collateral are received or held by the Investment Adivsor in Hong Kong, the above arrangement is allowed only if the Client consents in writing. Moreover, unless the Client is a professional investor, the Client’s authority must specify the period for which it is current and be limited to not more than 12 months. If the Client is a professional investor, these restrictions do not apply. Additionally, the Client’s authority may be deemed to be renewed (i.e. without the Client’s written consent) if AIML issues the Client a reminder at least 14 days prior to the expiry of the authority, and the Client does not object to such deemed renewal before the expiry date of the Client’s then existing authority. The Client is not required by any law to sign these authorities. But an authority may be required by AIML, for example, to facilitate margin lending to the Client or to allow the Client’s securities or securities collateral to be lent to or deposited as collateral with third parties. AIML should explain to the Client the purposes for which one of these authorities is to be used. If the Client signs one of these authorities and the Client’s securities or securities collateral are lent to or deposited with third parties, those third parties will have a lien or charge on the Client’s securities or securities collateral. Although AIML is responsible to the Client for securities or securities collateral lent or deposited under the Client’s authority, a default by it could result in the loss of the Client’s securities or securities collateral. A cash account not involving securities borrowing and lending is available from most licensed or registered persons. If the Client does not require margin facilities or does not wish its securities or securities collateral to be lent or pledged, does not sign the above authorities and asks to open this type of cash account.