Debit Securities Limit Clause Samples
The Debit Securities Limit clause sets a maximum threshold on the amount or value of debit securities that can be issued, held, or transacted under an agreement. In practice, this means that parties are restricted from exceeding a specified cap on instruments such as promissory notes, bonds, or other debt-related securities. This clause helps manage financial risk and exposure by preventing over-leveraging and ensuring that obligations remain within agreed-upon limits.
Debit Securities Limit. Client is not permitted to have a negative balance in any Securities on the Personal Page unless ▇▇▇▇▇▇ has agreed to provide Debit Securities to Client and an Appendix Debit Securities applies between Parties in relation to that Personal Page. The applicable Debit Securities Limit is specified in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information. ▇▇▇▇▇▇ will try to prevent the execution of Instructions that result directly or indirectly in an unauthorised debit balance in securities. If, nevertheless, an unauthorised debit balance in securities has developed, Client must cure such breach as soon as possible.