MSB Account definition
Examples of MSB Account in a sentence
Additionally, as noted above in Section 16(B)(1), Customers will not be permitted to fund their Customer Account, and rather all funding must be made to the Customer MSB Account.
Customer understands that such instructions will result in the proceeds of all securities sales to be transferred, upon settlement, from Customer Account to the Customer MSB Account.
Customer will only be able to directly fund their Customer MSB Account.
Customer understands that transfers from Customer MSB Account to the Clearing Broker will be batched with transfers initiated by other Customers on the same trading day.
Customers understand that all proceeds from any securities sale in Customer Account will be automatically transferred to your Customer MSB Account and not to your Customer Account with FTX.
In addition, Customer further acknowledges that when they sell a security that the proceeds of such sale will not be immediately available in their Customer MSB Account.
Customer understands and acknowledges that their funds are treated differently and subject to separate regulatory regimes depending on whether or not such funds are held in the Customer MSB Account or the Customer Account at the FTX.
Customer must have adequate funds in their Customer MSB Account in order to place a securities buy order with FTX through the Customer Account.
For clarity, Customer will be prohibited from placing securities buy orders with cryptocurrency through their Account in an amount that exceeds the specific cryptocurrency holdings in their Customer MSB Account.
Thereafter, and pursuant to Section 16(B)(2), the Customer explicitly agrees, acknowledges and instructs MSB to transfer necessary funds for the purchase price of such security from Customer MSB Account to Customer Account held at the Clearing Broker.