Margin Agreements. At the time of opening of each margin account, Correspondent will furnish Southwest with a Southwest Margin and Short Account Customer Agreement, executed by Customer, on the form furnished to Correspondent by Southwest.
Margin Agreements. At the time of opening of each margin account, Correspondent will furnish Pensxx xxxh a Pensxx Customer Margin and Short Account Agreement, executed by the Customer, on the form furnished to Correspondent by Pensxx. Correspondent may use a substitute form upon written approval by Pensxx.
Margin Agreements. At the time of opening of each margin account, CLAY will furnish FSWC with an FSWC Customer Margin and Short Account Agreement, executed by the Customer, on the form furnished to CLAY by FSWC. As to any Account, until CLAY has furnished FSWC with an executed margin agreement, FSWC may, at its discretion, re-book any transactions initially cleared as a margin transaction to be a cash transaction, liquidate the Account or take any other action FSWC deems necessary.
Margin Agreements. Upon approval by Correspondent, Correspondent may establish a margin account for a Customer subject to NFS acceptance. Correspondent will furnish NFS with an NFS margin agreement and consent to loan and hypothecation of securities, executed by the Customer, on the form furnished to Correspondent by NFS. Such margin agreement shall include a disclosure of credit terms to be retained by the Customer in accordance with Rule 10b-16 under the Exchange Act. NFS will compute and charge margin interest to each Account as set forth therein and as otherwise agreed between NFS and Correspondent. Correspondent may customize the rate or method of computing margin interest in any Account, but shall be responsible for providing to such Account the disclosure of credit terms as required under Rule 10b-16 or any similar rule. In no event shall Correspondent place orders to be executed on margin for any Account unless Correspondent has reasonable grounds to believe the Correspondent will furnish to NFS an executed margin agreement for such Account. If such an order is placed and executed, NFS may cancel the transaction and rebook it as a cash transaction and all transaction costs and losses associated with such cancellation and re-booking shall be for the account of the Correspondent.
Margin Agreements. At the time of opening of each margin account, Correspondent will furnish Penson with a Penson Customer Margin and Short Xxxxxnt Agreemxxx, executed by the Customer, on the form furnished to Correspondent by Penson. Correspondent may use a substitute form xxxx written approval by Penson.
Margin Agreements. At the time of opening of each margin account, Correspondent will furnish Southwest with a Southwest Margin and Short Account Customer Agreement, executed by Customer, on the form furnished to Correspondent by Southwest. (b) Margin and Margin Maintenance. Correspondent is responsible for assuring Customer's payment of Customer's initial margin requirements and of all amounts necessary to meet subsequent maintenance calls in each Customer Account, to insure compliance with Regulation T and the house rules of Southwest. Correspondent is responsible for the payment of initial margin requirements and of all amounts necessary to meet subsequent margin calls in each Correspondent Account. Southwest shall have the unlimited right to buy in or sell out positions in Accounts whenever Southwest in its sole discretion deems such action appropriate, and without regard to whether, if the Account is a Margin Account, any such Account is then in compliance with applicable margin maintenance requirement or has requested an extension of time for any Account to make any payment required by Regulation T. Correspondent acknowledges that Southwest has the right to demand payment on any debit balance and that Correspondent is responsible to Southwest for any unsecured debit balance resulting from any failure of a Customer to make any such payments upon demand. (c)
Margin Agreements. At the time of opening of each margin account, Correspondent will furnish Xxxxxx with a Xxxxxx Customer Margin and Short Account Agreement, executed by the Customer, on the form furnished to Correspondent by Xxxxxx. Correspondent may use a substitute form upon written approval by Xxxxxx.
Margin Agreements. At the time of opening of each margin account, ALEX WILL furnish FSWC with an FSWC Customer Margin and Short Account Agreement, executed by the Customer, on the form furnished to ALEX by FSWC. As to any Account, until ALEX has furnished FSWC with an executed margin agreement, FSWC may, at its discretion, re-book any transactions initially cleared as a margin transaction to be a cash transaction, liquidate the Account or take any other action FSWC deems necessary.
