Use of LME Data. Prices and other data emanating directly or indirectly from the LME (“LME Data”) that might be displayed, from time to time, on the IB Trader Workstation are subject to the terms of a licence agreement between IBIE and the LME. The Client acknowledges that (a) any calculation that IBIE might create using the LME Data is different and distinct from the prices quoted by the LME; (b) the LME retains all the intellectual property rights over the LME Data, including those referred to in derived calculations. The Client is prohibited from coping, distributing, transmitting or otherwise making available to third parties any of the LME Data displayed on the IB Trader Workstation. Schedule 4 – Stock Yield Enhancement Program The terms of this Schedule 4 are applicable to you if you have elected to participate in IBIE’s Stock Yield Enhancement Program (the “SYEP”). If there is any conflict between the terms of this Schedule and the terms in the rest of this Agreement, the terms of this Schedule will prevail with respect to the SYEP. The SYEP allows you to earn an income stream by lending securities to IBIE (each such loan of securities, a “Securities Loan”), who may on-lend those securities to one of its affiliates or to an unrelated third party participant in the securities lending market who wants to borrow those securities. In return for a Securities Loan, IBIE will transfer cash collateral to your account with IBIE and pay to you interest on that cash collateral. Despite the use of expressions such as “borrow” or “lend”, which are used to reflect terminology used in the securities lending market, title to securities “borrowed” by or “lent” to IBIE in accordance with this Schedule shall pass from you to IBIE as provided for in this Schedule, with IBIE being obliged to deliver equivalent securities to you upon termination of the loan. When IBIE borrows securities from you, IBIE will exercise its right of use set out in Clause 4B(ii) of this Agreement. By electing to participate in the SYEP, you confirm that you understand and acknowledge the risk incurred by the granting the right of use, as set forth in Appendix 3 of this Agreement under the “Information Statement in accordance with Article 15 of the Securities Financing Transactions Regulation”. Please carefully review the information statement set out in Appendix 3 of this Agreement.
Appears in 3 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
Use of LME Data. Prices and other data emanating directly or indirectly from the LME (“LME Data”) that might be displayed, from time to time, on the IB Trader Workstation are subject to the terms of a licence agreement between IBIE and the LME. The Client acknowledges that (a) any calculation that IBIE might create using the LME Data is different and distinct from the prices quoted by the LME; (b) the LME retains all the intellectual property rights over the LME Data, including those referred to in derived calculations. The Client is prohibited from coping, distributing, transmitting or otherwise making available to third parties any of the LME Data displayed on the IB Trader Workstation. Schedule 4 – Stock Yield Enhancement Program The terms of this Schedule 4 are applicable to you if you have elected to participate in IBIE’s Stock Yield Enhancement Program (the “SYEP”). If there is any conflict between the terms of this Schedule and the terms in the rest of this Agreement, the terms of this Schedule will prevail with respect to the SYEP. The SYEP allows you to earn an income stream by lending securities to IBIE (each such loan of securities, a “Securities Loan”), who may on-lend those securities to one of its affiliates or to an unrelated third party participant in the securities lending market who wants to borrow those securities. In return for a Securities Loan, IBIE will transfer cash collateral to your account with IBIE and pay to you interest on that cash collateral. Despite the use of expressions such as “borrow” or “lend”, which are used to reflect terminology used in the securities lending market, title to securities “borrowed” by or “lent” to IBIE in accordance with this Schedule shall pass from you to IBIE as provided for in this Schedule, with IBIE being obliged to deliver equivalent securities to you upon termination of the loan. When IBIE borrows securities from you, IBIE will exercise its right of use set out in Clause 4B(ii) of this Agreement. By electing to participate in the SYEP, you confirm that you understand and acknowledge the risk incurred by the granting the right of use, as set forth in Appendix 3 of this Agreement under the “Information Statement in accordance with Article 15 of the Securities Financing Transactions Regulation”. Please carefully review the information statement set out in Appendix 3 of this Agreement.
Appears in 2 contracts
Samples: Customer Agreement, Customer Agreement
Use of LME Data. Prices and other data emanating directly or indirectly from the LME (“LME Data”) that might be displayed, from time to time, on the IB Trader Workstation are subject to the terms of a licence agreement between IBIE and the LME. The Client acknowledges that (a) any calculation that IBIE might create using the LME Data is different and distinct from the prices quoted by the LME; (b) the LME retains all the intellectual property rights over the LME Data, including those referred to in derived calculations. The Client is prohibited from coping, distributing, transmitting or otherwise making available to third parties any of the LME Data displayed on the IB Trader Workstation. Schedule 4 – Stock Yield Enhancement Program The terms of this Schedule 4 are applicable to you if you have elected to participate in IBIE’s Stock Yield Enhancement Program (the “SYEP”). If there is any conflict between the terms of this Schedule and the terms in the rest of this Agreement, the terms of this Schedule will prevail with respect to the SYEP. The SYEP allows you to earn an income stream by lending securities to IBIE (each such loan of securities, a “Securities Loan”), who may on-lend those securities to one of its affiliates or to an unrelated third third-party participant in the securities lending market who wants to borrow those securities. In return for a Securities Loan, IBIE will transfer cash collateral to your account with IBIE and pay to you interest on that cash collateral. Despite the use of expressions such as “borrow” or “lend”, which are used to reflect terminology used in the securities lending market, title to securities “borrowed” by or “lent” to IBIE in accordance with this Schedule under the SYEP shall pass from you to IBIE as provided for in this Schedule, with IBIE being obliged to deliver equivalent securities to you upon termination of the loan. When IBIE borrows securities from you, IBIE will exercise its right of use set out in Clause 4B(ii) of this Agreement. By electing to participate in the SYEP, you confirm that you understand and acknowledge the risk incurred by the granting the right of use, as set forth in Appendix 3 of this Agreement under the “Information Statement in accordance with Article 15 of the Securities Financing Transactions Regulation”. Please carefully review the information statement set out in Appendix 3 of this Agreement.
Appears in 1 contract
Samples: Customer Agreement