Common use of Settlement Obligation Clause in Contracts

Settlement Obligation. You agree that it is your absolute, unconditional, and unassignable obligation, in connection with each transaction effected on the Cboe Digital Trading Platform for your own account, to ensure the timely delivery to Cboe Clear Digital of the Tradable Product and/or funds as well as any required fees or expenses to satisfy in full the settlement of any transaction entered into by you as a DATP.

Appears in 1 contract

Sources: Master Member Agreement

Settlement Obligation. You agree that it is your absolute, unconditional, and unassignable obligation, in connection with each transaction effected on the Cboe Digital Trading Platform for your own accountaccount or on behalf of customers, to ensure the timely delivery to Cboe Clear Digital of the Tradable Product and/or funds as well as any required fees or expenses to satisfy in full the settlement of any transaction entered into by you as a DATPDATP or customer of a DATP guaranteed by you.

Appears in 1 contract

Sources: Cboe Digital Member Master Agreement