Axos Clearing definition

Axos Clearing or “Borrower”) and the undersigned party or parties (“Lender” or “You”), and shall be effective as of the date of execution by You set forth below (the “Effective Date”). THIS AGREEMENT SHOULD NOT BE SIGNED BY YOU UNTIL AFTER: (1) YOU HAVE READ AND FULLY UNDERSTAND THE SEPARATE DOCUMENT ENTITLED IMPORTANT DISCLOSURES REGARDING RISKS AND CHARACTERISTICS OF PARTICIPATING IN AXOS CLEARING’S FULLY-PAID SECURITIES LENDING PROGRAM (THE “PROGRAM”), WHICH DESCRIBES MANY OTHER RISKS AND CHARACTERISTICS OF THE PROGRAM; AND (2) YOU AND YOUR INTRODUCING FIRM HAVE DETERMINED THAT PARTICIPATION IN AXOS CLEARING’S PROGRAM IS APPROPRIATE FOR YOU AFTER CONSIDERING YOUR FINANCIAL SITUATION AND NEEDS, TAX STATUS, INVESTMENT OBJECTIVES, INVESTMENT TIME HORIZON, LIQUIDITY NEEDS, RISK TOLERANCE, AND ANY OTHER RELEVANT INFORMATION. IN EXECUTING THIS AGREEMENT, YOU ACKNOWLEDGE THAT BOTH OF THESE CONDITIONS HAVE BEEN SATISFIED.
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Axos Clearing means Axos Clearing LLC, its successors and assigns; and “You”, “Your”, and/or “Customer” means the beneficial owner(s) of the RIA Account. In consideration of Axos Clearing opening, carrying, and/or serving as custodian for one or more RIA Accounts on Your behalf, You hereby agree as follows with respect to the RIA Account, which You have established with Axos Clearing for the purchase, sale , and/or carrying of securities or contracts relating thereto and/or the borrowing of funds, at the instruction of Your registered investment advisor as authorized by You in the RIA Account Application (“Advisor”), which transactions will be cleared through Axos Clearing.
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Examples of Axos Clearing in a sentence

  • Axos Clearing may receive compensation or other consideration for the placing of orders with market centers for execution.

  • You further represent that no one except You has an interest in the RIA Account or other accounts of Yours with Axos Clearing.

  • Certain services Axos Clearing provides may not be available to all account types, including accounts with owners outside the United States.

  • The custodian agrees and acknowledges that the custodian is responsible under the UGMA or the UTMA for determining the proper age of termination and that Axos Clearing is not responsible for doing so.

  • You understand that Axos Clearing may offer different account types, including retirement, custodial, business, estate, trust, nonprofit and partnership accounts, which may be subject to certain restrictions and eligibility requirements.

  • In consideration of Axos Clearing sending any mail to You in care of a post office box or third- party address, You hereby agree that all correspondence of any nature whatsoever sent to You at such address will have the same force and effect as if it had been delivered to You personally.

  • Axos Clearing may send communications to You at Your address provided in the RIA Account application or at such other address as Advisor may hereafter give to Axos Clearing on Your behalf.

  • You shall be responsible for reviewing all statements and confirmations concerning the RIA Account as well as communications sent by Axos Clearing.

  • In the event that You fail to provide sufficient funds, Axos Clearing may, at Axos Clearing’s option and without notice to You, (i) charge a reasonable rate of interest, (ii) liquidate the Asset that is the subject of the buy order, or (iii) sell other Assets owned by You and held in any account with Axos Clearing.

  • Your statements shall be conclusive if not objected to in writing by You within ten (10) calendar days and confirmations shall be conclusive if not objected to in writing by You within five (5) calendar days, after forwarding by Axos Clearing by mail or otherwise.

Related to Axos Clearing

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;

  • Clearing Agency means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act.

  • Clearing Systems means Euroclear and Clearstream, Luxembourg;

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • Clearing Agreement means Clearing, Settlement and Sponsorship Services Agreement by and between the Borrower and Fifth Third Bank dated as of June 30, 2009, as the same may be amended, modified, supplemented, restated or amended and restated from time to time.

  • central securities depository or ‘CSD’ means a central securities depository as defined in point (1) of Article 2(1) of Regulation (EU) No 909/2014.

  • DTC means The Depository Trust Company.

  • National Repository means any Nationally Recognized Municipal Securities Information Repository for purposes of the Rule.

  • Capacity Resource Clearing Price means the price calculated for a Capacity Resource that offered and cleared in a Base Residual Auction or Incremental Auction, in accordance with Tariff, Attachment DD, section 5.

  • Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • Securities Depository Nominee means, as to any Securities Depository, such Securities Depository or the nominee of such Securities Depository in whose name there shall be registered on the registration books maintained by any Registrar, the Bond certificates to be delivered to and immobilized at such Securities Depository during the continuation with such Securities Depository of participation in its book-entry system.

  • Qualified Depository A depository the accounts of which are insured by the FDIC through the BIF or the SAIF and the debt obligations of which are rated AA or better by Standard & Poor's Corporation.

  • Securities Depositories means DTC; and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and/or such other securities depositories as the District may designate in a Written Request of the District delivered to the Paying Agent.

  • Clearing Organization means The Depository Trust Company, or, if agreed to by Borrower and Lender, such other clearing agency at which Borrower (or Borrower's agent) and Lender (or Lender's agent) maintain accounts, or a book-entry system maintained by a Federal Reserve Bank.