Client Transactions definition
Examples of Client Transactions in a sentence
Participation or Interest in Client Transactions A purchase of mutual fund shares may be processed through LPL’s proprietary account resulting in the purchase being characterized as a principal transaction for certain reporting purposes.
Participation or Interest in Client Transactions In the case of the SMA Platform, LPL, as principal, buys securities from and sells securities to clients in program accounts.
Otherwise, the clearing broker will terminate the Client Transactions and perform a closeout calculation in respect of them in accordance with the client clearing agreement.
If the clearing broker terminates the Client Transactions, then the Indirect Client Transactions between you and us are also likely to be terminated.
However, if we become subject to insolvency proceedings in Singapore, the payment of any amount by the clearing broker in respect the terminated Client Transactions either directly to you, or to us (or our liquidator) for your account, is likely to be contrary to Singapore insolvency law.
The termination calculations in respect of those Indirect Client Transactions will be performed in accordance with the Customer Agreement and such calculations will likely mirror those performed by the clearing broker in respect of the Client Transactions.
Participation or Interest in Client Transactions Purchases of mutual fund shares are typically processed through LPL's proprietary account resulting in its being characterized as a principal transaction for certain reporting purposes.
Participation or Interest in Client Transactions LPL, as principal, buys securities from and sells securities to clients in Manager Select accounts.
If you are due a payment from us as a result of the close- out calculations in respect of our Indirect Client Transactions, the amount due from us to you may be reduced by any amount that you receive (or are deemed to receive) directly from the clearing broker.
If you want to port your Client Transactions (where possible), you will need to notify the clearing broker and show that you can satisfy the other conditions within this period.