Examples of Clearing Brokerage Agreement in a sentence
A Clearing Participant shall enter into a Clearing Brokerage Agreement with a potential Customer before acting as a Clearing Broker.
When a Clearing Brokerage Agreement is terminated, the relevant Clearing Broker shall notify JSCC of the details of such termination in the manner set forth below according to the cause of termination, as well as items as separately prescribed by JSCC74: (1) Termination by agreement: A Clearing Broker shall submit a notification at least three (3) JSCC Business Days before the scheduled termination date.
Termination by a Customer by giving a prior written notice of its intention to terminate the Clearing Brokerage Agreement to a Clearing Broker: The Clearing Broker shall submit a notification without delay after it receives such notice of the intention to terminate.
Termination by a prior written notice of intention to terminate the Clearing Brokerage Agreement given by a Clearing Broker to a Customer (excluding the termination set forth in Item (4)): The Clearing Broker shall submit a notification without delay after it gives such notice of its intention to terminate.
Upon receipt of the notification from JSCC as to an amendment to the provisions of Exhibit Form 3 or Exhibit Form 3-2 pursuant to the provisions of Paragraph 2, Clearing Participants shall promptly notify details of such amendment to their Customers with whom they have concluded the Clearing Brokerage Agreement.
On closer examination, we find this effect to be heterogeneous among sub- populations.
Under Article 76.3 of the Business Rules, a Customer may claim the return of Initial Margin when all the Clearing Brokerage Contracts were terminated in accordance with the Clearing Brokerage Agreement, except for the case where JSCC declared the Default of the Clearing Broker with whom such Customer has executed the Clearing Brokerage Agreement.
An event under Article 55.4 or Article 55-2.(4) of the Business Rules shall be the termination of all Clearing Brokerage Contracts in accordance with the Clearing Brokerage Agreement.
Handling Procedures of IRS Clearing Business, Article 16.1.the termination of such Clearing Brokerage Agreement.
As a result of the MASC Merger, all of the respective outstanding shares of capital stock of MASC and MASC Merger Sub shall be converted or cancelled in the manner provided in Section 8.4.