Common use of Risk on deposit and securities Clause in Contracts

Risk on deposit and securities. I/We should familiarize myself/ourselves with the protections given to money or other securities I/we may deposit for domestic and foreign transactions, particularly in the event of a firm’s insolvency or bankruptcy. The extent to which I/we may recover my/our money or securities may be governed by specific legislation or local rules. In some jurisdictions, securities which had been specifically identifiable as my/own will be pro-rated in the same manner as cash for purpose of distribution in the event of a shortfall.

Appears in 2 contracts

Samples: Cash Client's Agreement, Cash Client's Agreement

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Risk on deposit and securities. I/We should familiarize myself/ourselves with the protections given to money or other securities Imy/we may our deposit for domestic and foreign transactions, particularly in the event of a firm’s firm insolvency or bankruptcy. The extent to which I/we may recover my/our money or securities may be governed by specific legislation or local rules. In some jurisdictions, securities which had been specifically identifiable as my/own own will be pro-rated in the same manner as cash for purpose purposes of distribution in the event of a shortfall.

Appears in 1 contract

Samples: Customer Trading Agreement

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Risk on deposit and securities. I/We should familiarize myself/ourselves with the protections given to money or other securities I/we may property our deposit for domestic and foreign transactions, particularly in the event of a firm’s firm insolvency or bankruptcy. The extent to which I/we may recover my/our money or securities may be governed by specific legislation or local rules. In some jurisdictions, securities property which had been specifically identifiable as my/our own will be pro-rated in the same manner as cash for purpose purposes of distribution in the event of a shortfall.

Appears in 1 contract

Samples: Customer Trading Agreement

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