Examples of Clearing Agent in a sentence
These funds come from issuers and various intermediaries in which the Clearing Agent is a participant, such as the Depository Trust Company.
You also may be liable to us for the costs of defending and indemnifying us, our agents, the Clearing Agent, and affiliates against any liability, costs, or damages arising out of or otherwise involving claims or suits by you or any third party which are based upon or related to any such use.
Our plan addresses operational redundancy between our two (2) regional locations, complete customer access to their accounts through our clearing agent, Pershing, critical business systems, and alternate communications means with customers, employees, regulators, the Clearing Agent, AFS’s parent company (Alight Solutions LLC), and each branch location.
Please note that AFS and the Clearing Agent each earn fees on your balances in the LIDTs product, including from your interest income, and the fees they receive may be greater than the amount of interest you earn on the same balance.
If for any reason your account is subject to a lien or levy directed to the Clearing Agent or AFS, both parties will abide by the directions of the federal, state, or other levying authority unless it receives a court order staying or quashing the lien or levy, or some other form of release from the levying authority.