Authorisation given by margin account client for securities borrowing / lending purposes.
The Account opened allows for deposits such as securities as collateral for loans or advances made to the authorised by a financial institution; to borrow or lend such securities without notice. However, such stock borrowing and lending is to be in accordance with Exchange regulations. Any consideration payable by or to me/us for the borrowing, lending, or deposit of securities under this authorisation is to be set by separate treaty.
This is a letter to for the authorisation for securities borrowing / lending under Margin Account.
This letter should be signed by the client.
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