Safekeeping Charge definition
Safekeeping Charge. Customer accounts with securities in the account, and with less than two trades during a calendar year, will be subject to a $25.00 charge. Securities Purchase against Non- Cleared Funds: Interest on balance Taxpayer ID Penalties At cost Transfer Fees At cost Wire Funds: $15.00
Safekeeping Charge. Customer accounts with securities in the account, and with the less two trades during a calendar year, will be subject to a $25.00 charge. Securities Purchase against Non-Cleared Funds: Interest on balance Taxpayer ID Penalties At cost Transfer Fees At cost Wire Funds: $15.00 Proprietary and Confidential AMENDMENT TO THE FULLY DISCLOSED CLEARING AGREEMENT BETWEEN PENS▇▇ ▇▇▇ANCIAL SERVICES, INC. AND CYBERBROKER, INC. (NAME OF CORRESPONDENT) This is an Amendment dated July 19, 1999, ("Amendment") to the Fully Disclosed Clearing Agreement ("Agreement") between Pens▇▇ ▇▇▇ancial Services, Inc., a division of Service Asset Management Company, a North Carolina corporation and CyBer Broker, Inc. (Name of Correspondent) BACKGROUND In light of recent amendments to NASD Rule 3230, revisions have been made to certain provisions of the Agreement to incorporate the requirements of these amendments. As such the following provisions of the Agreement are hereby amended to read as follows (revisions are noted in bold print):