SAFEGUARDING OF FUNDS AND SECURITIES. Except as otherwise provided in this Agreement, Pershing shall be responsible for the safekeeping of all money and securities received by it pursuant to this Agreement. However, Pershing will not be responsible for any funds or securities delivered by a customer to Broker until such funds or securities are actually received by Pershing or deposited in bank accounts maintained by Pershing.
Appears in 13 contracts
Samples: www.sec.gov, Disclosed Clearing Agreement (Gleacher & Company, Inc.), Fully Disclosed Clearing Agreement (Southern Trust Securities Holding Corp)
SAFEGUARDING OF FUNDS AND SECURITIES. Except as otherwise provided in this Agreement, Pershing shall be responsible for the xxx xxx safekeeping of all money and securities received by it pursuant to this Agreement. However, Pershing will not be responsible for any funds or securities delivered by a customer to Broker until such funds or securities are actually received by Pershing or deposited in bank accounts maintained by Pershing.
Appears in 1 contract
Samples: Clearing Agreement (American Portfolios Holdings Inc)
