Clearing Agreements

Appendix ./5 of the annexes to the clearing agreement authorizes the CCP Austria to collect receivables by direct debit with respect to collateral/default funds. This appendix is optional and can be removed if necessary. We would, however, draw attention to the fact that this authorization represents a considerable time saving in the compensation process for both the member and the CCP Austria. The revocation form of this authorization is returned to office (a) and mailed back to the original. Bilateral compensation agreements and member compensation agreements can be described as trade compensation agreements, but the two are totally different. Member compensation agreements are common and well accepted, while bilateral compensation agreements are often referred to as hot political potatoes. CONSIDERING that the introductory company wishes to benefit from compensation, execution and other services related to the securities business, as explained in more detail in this document; and nine. Managing a data set of all personal and financial information on an account set up and all orders they receive and managing all documents and agreements executed from an imported account. With respect to clearing agreements, negotiation between all contracts and additional services offered by clearing companies must be authorized through the Options Clearing Corporation. The OCC oversees the clearing process on a number of exchanges, in accordance with the rules established by the Securities and Exchange Commission. Clearing companies are often expected to perform several tasks as defined in the clearing agreement. These tasks may include: Countervailing customers are indirectly involved in the settlement and in principle have no inherent contractual relationship with CCP Austria. They use the services of a compensatory member for clearing and settlement separate of their transactions.

An automated clearing house (ACH) is an electronic system used for the transfer of funds between companies, often referred to as electronic money transfer (EEP). The ACH takes on the task of the intermediary who deals with the sending/receiving of validated means between institutions. Exchanges such as the New York Stock Exchange (NYSE) and nasdaQ have clearing companies. They ensure that equity traders have enough money in their account, whether with cash or margin provided by brokers, to finance the trades they make. The clearing service of these exchanges serves as an intermediary and thus facilitates the transfer of money smoothly. When an investor sells a stock he owns, they want to know that the money is being delivered to them. Clearing companies make sure that happens. If someone buys a stock, they must be able to afford it. The clearing company ensures that the reasonable amount of funds is made available for transactions when someone buys shares. A. At the time of opening each imported account, the introductory company provides the clearing company with all the financial and personal information on imported accounts that the clearing company can reasonably require. At the time of the opening of the imported accounts, which are marginal accounts, the clearing company`s introductory company calls into question the customer agreements entered into by the clearing company, mortgage agreements and consents to securities loans (together the « margin agreement »).

The clearing company provides the introductory company with « new accounts » and margin forms for marginal accounts in sufficient quantities. Forms submitted to the clearing company after they are completed by the implementation company, if an imported account may have been opened without the clearing company having first received the above information or, in the case of a margin account, without the clearing company having obtained previously properly executed margin agreements, which the clearing company did not receive due to the popularity and widespread practice of clearing agreements, an entire sector was developed by soc