Common use of Customer Securities Standing Authority Clause in Contracts

Customer Securities Standing Authority. 5.1 By entering into this Margin Client Agreement, the Customer hereby agrees to provide the Customer Securities Standing Authority set out under Clause 5.2 in respect of the Customer’s Securities and securities collateral, subject to the Customer’s right to revoke such Customer Securities Standing Authority at any time in accordance with Clause 5.7. The Customer understands and acknowledges the risks to the Customer associated with giving the Customer Securities Standing Authority. If the Customer does not agree to provide such Customer Securities Standing Authority at the time of entering into this Margin Client Agreement, the Customer shall submit a written notice to the Company together with the Customer’s completed account opening form which indicates clearly that the Customer does not agree to give such Customer Securities Standing Authority to the Company.

Appears in 7 contracts

Samples: Margin Client Agreement, Securities Client Agreement, Securities Client Agreement

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