STANDING AUTHORITIES Clause Samples
STANDING AUTHORITIES. 55.1 In respect of Options listed in Hong Kong where Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules are applicable:
55.1.1 The Client Money Standing Authority covers money held or received by uSMART SG in Hong Kong (including any interest derived from the holding of the money which does not belong to uSMART SG) in one or more segregated account(s) on the Client’s behalf (“Monies”).
55.1.2 The Client authorises uSMART SG to:
(a) combine or consolidate any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by uSMART SG and uSMART SG may transfer any sum of Monies to and between such segregated account(s) to satisfy the Client’s obligations or liabilities to uSMART SG, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and
(b) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time by uSMART SG.
55.1.3 The Client Securities Standing Authority is in respect of the treatment of the Client’s securities as set out below in this Clause 55.
55.1.4 The Client authorises uSMART SG to deposit the securities with the SEOCH as SEOCH Collateral in respect of ▇▇▇▇ traded stock options resulting from the Client’s Instructions to uSMART SG.
55.1.5 The Client acknowledges and agrees that uSMART SG may do any of the things set out in Clauses 55.1.2 and 55.1.4 without giving the Client notice.
55.1.6 The Client also acknowledges that:-
(a) the Client Money Standing Authority is given without prejudice to other authorities or rights which uSMART SG may have in relation to dealing in Monies in the segregated accounts; and
(b) the Client Securities Standing Authority shall not affect uSMART SG’s right to dispose or initiate a disposal of by uSMART SG’s associated entity of the Client’s securities or securities collateral in settlement of any liability owed by or on behalf of the Client to uSMART SG.
55.1.7 The Client understands that a third party may have rights to the Client’s securities, which uSMART SG must satisfy before the Client’s securities can be returned to the Client.
55.1.8 Each of the Client Money Standing Authority and the Client Securities Standing Authority is valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Securities and Futures (Client Money) Rules...
STANDING AUTHORITIES. 14.1 The Client Money Standing Authority covers money held or received by GTJAS in Hong Kong (including any interest derived from the holding of the money which does not belong to GTJAS) in one or more segregated account(s) on the Client's behalf ("Monies").
14.2 The Client authorizes GTJAS to:
(a) combine or consolidate any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by GTJAS and GTJAS may transfer any sum of Monies to and between such segregated account(s) to satisfy the Client's obligations or liabilities to GTJAS, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and
(b) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time by GTJAS.
14.3 The Client Securities Standing Authority is in respect of the treatment of the Client's securities as set out below in this clause 14.
14.4 The Client authorizes GTJAS to deposit the securities with the SEOCH as SEOCH Collateral in respect of SEHK traded stock options resulting from the Client's instructions to GTJAS.
14.5 The Client acknowledges and agrees that GTJAS may do any of the things set out in clauses 14.2 and 14.4 without giving the Client notice.
14.6 The Client also acknowledges that:-
(a) the Client Money Standing Authority is given without prejudice to other authorities or rights which GTJAS may have in relation to dealing in Monies in the segregated accounts; and
(b) the Client Securities Standing Authority shall not affect GTJAS's right to dispose or initiate a disposal of by GTJAS's associated entity of the Client's securities or securities collateral in settlement of any liability owed by or on behalf of the Client to GTJAS.
14.7 The Client understands that a third party may have rights to the Client's securities, which GTJAS must satisfy before the Client's securities can be returned to the Client.
14.8 Each of the Client Money Standing Authority and the Client Securities Standing Authority is valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Securities and Futures (Client Money) Rules or Securities and Futures (Client Securities) Rules (as the case may be) referred to in Clause 14.10.
14.9 Each of the Client Money Standing Authority and the Client Securities Standing Authority may be revoked by Client by giving GTJAS written...
STANDING AUTHORITIES. The Client agrees to give such standing authorities as required, and in such form as specified, by the Company from time to time in connection with, but not limited to, the following:
(a) the Securities and Futures (Client Securities) Rules (Cap. 571H of the Laws of Hong Kong) (including that which is necessary for the purpose of Clause 5.1 (Standing Authority) of Appendix I (Margin Financing)); and
(b) the Securities and Futures (Client Money) Rules (Cap. 571I of the Laws of Hong Kong).
STANDING AUTHORITIES. The Client agrees to give such standing authorities as required, and in such form as specified, by the Company from time to time in connection with, but not limited to, the provision of margin facilities by the Company to the Client.