Authorisation Letter to Financial Institution

Margin Client for Stock Borrowing

No. of Prokens Required:  1

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Description:

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.

Document Type:

Letter / e-mail / note / correspondence

Category:

Business > Banking, Finance and Capital Raising > Banking / Account Opening Form

 
Keywords:

Authorisation

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Margin

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Margin Account

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Securities

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Stock Borrowing

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Stock Lending

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Securities Borrowing

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Securities Lending

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