Pershing Services definition
Examples of Pershing Services in a sentence
Broker shall indemnify, defend, and hold Pershing harmless from and against all claims, demands, proceedings, suits, actions, liabilities, expenses, and reasonable attorney’s fees, and costs in connection therewith (collectively, “Losses”) arising out of such negligent activities by Broker, Broker’s Unauthorized Use of Pershing Services or such delay by Broker in providing such notice.
In order to settle transactions on your behalf, Pershing Services Limited (PSL) will need to deal with the other party to the transaction (the "counterparty") and sometimes transactions will be settled through a central counterparty ("CCP") or a central securities depositary or other securities settlement system ("CSD") or other depositary transfer agent or similar body.
Broker shall indemnify, defend, and hold Pershing harmless from and against all claims, demands, proceedings, suits, actions, liabilities, expenses, and reasonable attorney's fees, and costs in connection therewith (collectively, "Losses") arising out of such negligent activities by Broker, Broker's Unauthorized Use of Pershing Services or such delay by Broker in providing such notice.