Common Contracts
1 similar Give-Up Agreement contracts
Customer:Give-Up Agreement • November 28th, 2017
The party to whose account the positions ultimately will be given up for clearing. Notwithstanding that the Customer (sometimes referred to as the “client”) may authorize another party to place orders on its behalf, the Customer is always a party to the give-up agreement (the “Agreement”). Although it may authorize a Trader to sign on its behalf (and may be identified by account number in the Trader version), it is ultimately responsible for obligations relating to the positions, such as margin, delivery, etc.
