Correspondent Broker definition

Correspondent Broker means a broker who is registered to engage in soliciting or accepting and handling orders for the purchase or sale of futures contracts or futures contract options on the behalf of the Dealer Member in a country other than Canada;

Correspondent Broker. Means a broker/dealer entity which elects to provide its customers with the means of establishing an IRA on a correspondent basis pursuant to the Correspondent Broker Clearing Agreement between such broker/dealer and the Custodian.

Correspondent Broker means any member or participant of an Exchange and/or Clearing House of which the Company may not be a member or participant who, as the Company’s agent, enters into a Contract on such Exchange and/or clears the same, as the case be.

Examples of Correspondent Broker in a sentence

• The Custodian shall not be liable in any manner for transactions initiated by the Correspondent Broker prior to the receipt of such termination notice.This plan does not permit the purchase or uncovered sale of option contracts.

• Without prejudice to the provisions of Clause 10, failure to meet such calls may result in KGI being entitled or obliged by the rules or regulations of the relevant Exchange and/ or Clearing House to close out the Open Contracts held on behalf of the Client in respect of which any Margin calls are not met within the period specified by KGI or at the time of making such call(s), and/or to notify the relevant Exchange, Clearing House, broker or Correspondent Broker particulars of such Open Contracts.

• Neither KGI nor such Correspondent Broker (as the case may be) shall have any obligation or liability whatsoever and howsoever in respect of any failure to enter into Contracts as specified in the Client’s instruction.

• The Margin required by KGI may exceed any margin requirements prescribed by any Exchange, Clearing House, broker or Correspondent Broker and may be changed by KGI with immediate effect without prior notice to the Client.

• The Custodian may rely on this correspondent relationship to accept and act upon investment instructions received from the Correspondent Broker and shall be under no duty or obligation to review or question any investment instructions directed by such Correspondent Broker respecting the IRA, and the Custodian may continue to rely on this correspondent relationship and authority until such is terminated by the IRA Holder and a written notice of such termination is received by the Custodian.

More Definitions of Correspondent Broker

Correspondent Broker means any member or participant of an Exchange and/or Clearing House of which KGI may not be a member or participant who, as KGI’s agent, enters into a Contract on such Exchange and/or clears the same, as the case be;

Correspondent Broker any member or participant of an Exchange and/or

Correspondent Broker any member or participant of an Exchange and/or Clearing House of which AIF SEC may not be a member or participant who, as AIF SEC’s agent, enters into a Contract on such Exchange and/or clears the same, as the case be;

Correspondent Broker. : means GTN Asia Financial Services (Pte) Limited, a firm incorporated under the laws of the Republic of Singapore and having its office at Ocean Financial Centre, 10 Collyer Quay, #05-06, Singapore (049315) and whose Certificate of Registration Number is 202004115R, or such other licensed brokerage as shall be notified by Baiduri Capital from time to time.

Correspondent Broker means a broker who is registered to engage in soliciting or accepting and hand ling orders for the purchase or sale of futures contracts or futures contract options on the behalf of the Dealer

Correspondent Broker means a broker who is register ed to engage in

Correspondent Broker means a broker/dealer that introduces the trade to Customer for clearance and, for purposes of clarity, does not mean a customer of such broker/dealer.