Unsecured Debits or Unsecured Short Positions. Pershing shall charge against the accounts of Broker an amount equal to the value of any unsecured debit or short position (on a "xxxx to market" basis) in a customer account if that position has not been promptly resolved by payment or delivery. Any remaining debit may be charged against Broker pursuant to Paragraph 20 of this Agreement.
Appears in 2 contracts
Samples: Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.), Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.)
Unsecured Debits or Unsecured Short Positions. Pershing shall charge against the accounts of Broker an amount equal to the value of any unsecured debit or short position (on a "xxxx mark to market" basis) in a customer custoxxx account if that position has not been promptly resolved by payment or delivery. Any remaining debit may be charged against Broker pursuant to Paragraph 20 19 of this Agreement.
Appears in 1 contract
Samples: Clearing Agreement (American Portfolios Holdings Inc)
Unsecured Debits or Unsecured Short Positions. Pershing shall charge against the accounts of Broker an amount equal to the value of any unsecured debit or short position (on a "xxxx mark to market" basis) in xx a customer account if that position has not been promptly resolved by payment or delivery, provided that Pershing and Broker have first engaged in good faith discussions regarding the responsibility for the unsecured debit or short position. Any remaining debit may be charged against Broker pursuant to Paragraph 20 19 of this Agreement.
Appears in 1 contract
Samples: Disclosed Clearing Agreement (Siebert Financial Corp)
Unsecured Debits or Unsecured Short Positions. Pershing shall charge against the accounts of Broker an amount equal to the value of any unsecured debit or short position (on a "xxxx mark to market" basis) in a customer account if that position has not been promptly resolved by payment or delivery. Any remaining debit may be charged against Broker pursuant to Paragraph 20 of this 19 ox xxxx Agreement.
Appears in 1 contract
Samples: Clearing Agreement (American Portfolios Holdings Inc)
Unsecured Debits or Unsecured Short Positions. Pershing shall charge --------------------------------------------- against the accounts of Broker an amount equal to the value of any unsecured debit or short position (on a "xxxx mark to market" basis) in a customer account if that position has not xxx been promptly resolved by payment or delivery. Any remaining debit may be charged against Broker pursuant to Paragraph 20 19 of this Agreement.
Appears in 1 contract
Samples: Disclosed Clearing Agreement (Ziegler Companies Inc)
Unsecured Debits or Unsecured Short Positions. Pershing shall charge against the accounts of Broker an amount equal to the value of any unsecured debit or short position (on a "“xxxx to market" ” basis) in a customer account if that position has not been promptly resolved by payment or delivery. Any remaining debit may be charged against Broker pursuant to Paragraph 20 of this Agreement.
Appears in 1 contract
Samples: Disclosed Clearing Agreement (Gleacher & Company, Inc.)
Unsecured Debits or Unsecured Short Positions. Pershing shall charge against the accounts of Broker an amount equal to the value of any unsecured debit or short position (on a "xxxx “mxxx to market" ” basis) in a customer account if that position has not been promptly resolved by payment or delivery. Any remaining debit may be charged against Broker pursuant to Paragraph 20 19 of this Agreement.
Appears in 1 contract
Samples: Disclosed Clearing Agreement (International Assets Holding Corp)
