THE RIGHTS AND OBLIGATIONS OF THE BDC Sample Clauses

THE RIGHTS AND OBLIGATIONS OF THE BDC. 4.1. The BDC shall execute the transaction once escrow account is opened and fund is deposited for settlement of securities purchase on the trade date. 4.2. The BDC shall verify and confirmation the trade settlement if there is no outstanding payment obligation of previous transactions. BDC will send its confirmation to Khan Bank including customer’s withdraw transaction request 4.3. The BDC shall have the right to monitor previous settlements and file of current balance and to access the system for review. 4.4. The account holder shall be responsible for obeying and complying with Mongolian law on Anti-Money Laundering and Counter Terrorism Financing; 4.5. The account holder shall have other rights and obligations stated in laws, regulations and “Temporary Procedure for T+1 system for Securities Trading and Settlement” of SCHCD.