Clearing Brokerage Details Sample Clauses

Clearing Brokerage Details. Client authorizes Clearing Broker to furnish copies of all confirmations and periodic account statements to Typhon. Client agrees that the relationship between Clearing Broker and Client is not, and shall not, become the responsibility of Typhon. Typhon is not liable for the executions or settlement of transactions (once the orders have been placed by Typhon). Client further acknowledges that Clearing Broker is solely responsible for the transmission of trade confirmations and monthly account statements as well as custody over the Client’s assets held in the Managed Account. Client will execute any and all documents required by the FCM, Typhon, and/or any regulatory agency having or claiming to have jurisdiction over the FCM, Typhon or the Managed Account necessary to open and maintain the Managed Account and to provide Typhon the authority to trade and manage the Managed Account.
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