Clearing Broker definition

Clearing Broker means DriveWealth, LLC.

Clearing Broker means a Clearing Participant who has entered into a Clearing Brokerage Agreement with a Customer;

Clearing Broker means an intermediary with responsibility to reconcile trade orders between transacting parties. Typically, the clearing broker validates the availability of the appropriate funds, ensures the delivery of the securities in exchange for cash as agreed at the point the trade was executed, and records the transfer;

Examples of Clearing Broker in a sentence

• A Clearing Member which possesses an approval as a Trading Participant can perform trading and position keeping on third party ac- counts for its Clearing Broker Clients.

• Batched transfers will be sent to the Clearing Broker via a single wire transfer at the end of the relevant trading day rather than immediately upon such instruction by Customer to MSB.

• SB is not a participant of CDS and has a clearing arrangement with Clearing Broker (CB), a dealer that provides clearing, settlement and custody services for SB.

• A direct market access according to the rules and regulations of the respective Mar- ket is not required, if the respective Clearing Member operating as a Clearing Broker confirms to enable its Clearing Broker Clients to access the respective Market.

• The Customer understands that the Clearing Broker carries the Customer Account(s) and is responsible for the carrying, clearing, custody and bookkeeping of transactions, but is not otherwise responsible for the conduct of the Broker.

More Definitions of Clearing Broker

Clearing Broker means UBS Securities LLC, an affiliate of the Sponsor and the sole clearing broker for each of the Trading Funds, or any other Person as may be selected by the Sponsor to act as the clearing broker for any of the Trading Funds.

Clearing Broker means the party that maintains a clearing account for you or, as the case may be, the Executing Broker and to which the positions resulting from Orders executed by an Executing Broker pursuant to services provided under this Agreement ultimately are given up;

Clearing Broker means UBS Securities LLC or such other person for the time being appointed by the Master Fund as its clearing broker.

Clearing Broker means a broker-dealer that has entered into an omnibus clearing arrangement with Jiko Securities, as an Introducing Broker, under which Clearing Broker clears your transactions on an omnibus basis.

Clearing Broker means the futures broker engaged by the Client for the purpose of clearing a Contract on a Futures Exchange and unless specified otherwise shall mean KF;

Clearing Broker means the Adhering Party that maintains an Exchange Traded Derivatives clearing account for the Customer and to which Covered Transactions in Exchange Traded Derivatives executed by an Executing Broker pursuant to orders received from the Customer (or an authorized agent of the Customer) ultimately are given up;

Clearing Broker means any and all clearing brokers used by Passfolio Securities, LLC.