Common use of Security to third parties Clause in Contracts

Security to third parties. SPV Long Short holds on its accounts with third parties such as clearing members and prime brokers, positions in Derivatives and borrows money and Securities from these parties for the services Debit Money and Debit Securities. For these positions, the third parties demand security. This security is provided by SPV Long Short by giving the third parties a right of pledge over money and Securities that SPV Long Short holds with the third parties. If Client invests in Derivatives or holds positions in Debit Money or Debit Securities with DEGIRO, than Client hereby gives DEGIRO the explicit approval to hold money and Securities for Client in SPV Long Short and to pledge these to the relevant third parties. More information about the provision of a security right to third parties, can be found in the document Investment Services in the Investment Services Information.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Security to third parties. SPV Long Short holds on its accounts with third parties such as clearing members and prime brokers, positions in Derivatives and borrows may borrow money and Securities from these parties for the services Debit Money and Debit Securities. For these positions, the third parties demand security. This security is may be provided by SPV Long Short by giving the third parties a right of pledge over money and Securities that SPV Long Short holds with the third parties. If Client invests in Derivatives or holds positions in Debit Money or Debit Securities with DEGIRO, than then Client hereby gives DEGIRO the explicit approval to hold money and Securities for Client in SPV Long Short and to that SPV Long Short may pledge these to the relevant third parties. More information about the provision of a security right to third parties, can be found in the document Investment Services in the Investment Services Information.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

Security to third parties. SPV Long Short holds on its accounts with third parties such as clearing members and prime brokers, positions in Derivatives and borrows may borrow money and Securities from these parties for the services Debit Money and Debit Securities. For these positions, the third parties demand security. This security is may be provided by SPV Long Short by giving the third parties a right of pledge over money and Securities that SPV Long Short holds with the third parties. If Client invests in Derivatives or holds positions in Debit Money or Debit Securities with DEGIRO, than then Client hereby gives DEGIRO the explicit approval to hold money and Securities for Client in SPV Long Short and to that SPV Long Short may pledge these to the relevant third parties. More information about the provision of a security right to third parties, can be found in the document Investment Services in the Investment Services Information.

Appears in 1 contract

Samples: Client Agreement

Security to third parties. SPV Long Short holds on its accounts with third parties such as clearing members and prime brokers, positions in Derivatives and borrows money and Securities from these parties for the services Debit Money and Debit Securities. For these positions, the third parties demand security. This security is provided by SPV Long Short by giving the third parties a right of pledge over money and Securities that SPV Long Short holds with the third parties. If Client invests in Derivatives or holds positions in Debit Money or Debit Securities with DEGIRO, than Client hereby gives DEGIRO the explicit approval to hold money and Securities for Client in SPV Long Short and to pledge these to the relevant third parties. More information about the provision provisi on of a security right to third parties, can be found in the document Investment Services in the Investment Services Information.

Appears in 1 contract

Samples: Client Agreement

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Security to third parties. SPV Long Short holds on its accounts with third parties such as clearing members and prime brokers, positions in Derivatives and borrows may borrow money and Securities from these parties for the services Debit Money and Debit Securities. For these positions, the third parties demand security. This security is may be provided by SPV Long Short by giving the third parties a right of pledge over money and Securities that SPV Long Short holds with the third parties. If Client invests in Derivatives or holds positions in Debit Money or Debit Securities with DEGIRO, than then Client hereby gives DEGIRO the explicit approval to hold money and Securities for Client in SPV Long Short and that SPV Long Short may to pledge these to the relevant third parties. More information about the provision of a security right to third parties, can be found in the document Investment Services in the Investment Services Information.

Appears in 1 contract

Samples: Client Agreement

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