Examples of Client Securities Standing Authority in a sentence
The Company is accountable to the Client for the return of any securities borrowed, lent, or deposited under the Client Securities Standing Authority.
The Client understands that the Company may give to the Client written notice of 14 days prior to the expiry of this letter reminding the Client that the Client Securities Standing Authority is soon to expire, and if the Client has not opposed to the renewal of this letter, the Client Securities Standing Authority should be deemed to have been renewed on a continuing basis without the Client’s consent.
The Client Securities Standing Authority does not cover any consideration the Client must pay or be paid for the Company’s borrowing, lending or depositing any of the Client’s securities.
The Client Securities Standing Authority is valid for a period of 12 months from the date of this letter subject to renewal by the Client or deemed renewal under the Client Securities Rules.
The Client Securities Standing Authority may be revoked by the Client at any time by giving to the Company prior written notice of termination of not less than 14 business days.
Client Securities Standing Authority The Client Securities Standing Authority covers all securities purchased or held by the Company on the Client’s behalf.
Client Securities Standing Authority The Client Securities Standing Authority is in respect of the treatment of the Client’s securities or securities collateral as set out below.
The Client hereby irrevocably gives to the Company the authority on the terms and conditions as set out in Letter of Authority (Client Securities Standing Authority) for twelve months from the date of this Agreement.
Unless otherwise defined, all the terms used in the Client Securities Standing Authority shall have the same meanings as in the Agreement.
Other Terms : a) The granting of this facility is subject to your signing and the continuance in force of the Client Securities Standing Authority in our favour.