Your Securities Standing Authority. Your Securities standing authority is in respect of the treatment of your Securities or Securities Collateral in your Account(s). Upon entering into your Securities standing authority, you authorize us to: (a) apply any Securities or Securities Collateral pursuant to a securities borrowing and lending agreement; (b) deposit any Securities Collateral with an authorized financial institution as collateral for financial accommodation provided to us; (c) deposit any Securities Collateral with any Exchange, recognized Clearing House, or another intermediary licensed or registered for dealing in securities, as collateral for the discharge and satisfaction of our settlement obligations and liabilities; and (d) apply or deposit any Securities or Securities Collateral in accordance with (a), (b) and / or (c) above if we provide financial accommodation to you in the course of dealing in securities and also provides financial accommodation to you in the course of any other regulated activity for which we are licensed.
Appears in 4 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
