Common use of Securities Safekeeping Accounts Clause in Contracts

Securities Safekeeping Accounts. The Bank may from time to lime establish one or more book-entry accounts on behalf of the Member to which the Bank may from time to time credit securities. The Bank shall not itself hold any security hereunder. The Member authorizes the Bank to utilize any other securities intermediary, the Treasury/Reserve Automated Debt Entry System maintained by the Federal Reserve Banks, or the Depository Trust Company and any other clearing corporation to the extent possible in connection with its performance hereunder. The terms “securities,” “securities intermediary,” and “clearing corporation” shall have the meaning given to them in Section 8-102 of the Uniform Commercial Code as adopted in Iowa.

Securities Safekeeping Accounts. The Bank may from time to lime time establish one or more book-entry accounts on behalf of the Member Customer to which the Bank may from time to time credit securities. The Bank shall not itself hold any security hereunder. The Member Customer authorizes the Bank to utilize any other securities intermediary, the Treasury/Reserve Automated Debt Entry System maintained by the Federal Reserve Banks, or the Depository Trust Company and any other clearing corporation to the extent possible in connection with its performance hereunder. The terms “"securities,” “" "securities intermediary,” " and “"clearing corporation” " shall have the meaning given to them in Section 8-102 of the Uniform Commercial Code as adopted in Iowa.

Securities Safekeeping Accounts. The Bank may from time to lime time establish one or more book-entry accounts on behalf of the Member to which the Bank may from time to time credit securities. The Bank shall not itself hold any security hereunder. The Member authorizes the Bank to utilize any other securities intermediary, the Treasury/Reserve Automated Debt Entry System maintained by the Federal Reserve Banks, or the Depository Trust Company and any other clearing corporation to the extent possible in connection with its performance hereunder. The terms “"securities,” “" "securities intermediary,” " and “"clearing corporation” " shall have the meaning given to them in Section 8-102 of the Uniform Commercial Code as adopted in Iowa.

Securities Safekeeping Accounts. The Bank may from time to lime time establish one or more book-entry accounts on behalf of the Member to which the Bank may from time to time credit securities. The Bank shall not itself hold any security hereunder. The Member authorizes the Bank to utilize any other securities intermediary, the Treasury/Reserve Automated Debt Entry System maintained by the Federal Reserve Banks, or the Depository Trust Company and any other clearing corporation to the extent possible in connection with its performance hereunder. The terms “securities,” “securities intermediary,” and “clearing corporation” shall have the meaning given to them in Section 8-102 of the Uniform Commercial Code as adopted in Iowa.