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er of welt right or any other right granted hereunder. DBSI retains the right to delegate to its agent, including its clearing agent, Pershing LLC (Pershing), one or more of DBSI's rights or oolightions under this Agreement without notice to Client. 2. Cash Account. OBSI will classify non Account as a ca
have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien. Pershing may, at any time and without prior notice, sell, transfer, release, exchange, settle or otherwise dispose of or deal with any or all Margin Collater
arising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. DEMI engages a third-c any Mitering apent, Pershing. Client understands that Pershing is the custodian of Client's assets, clears and settles all transactions. and extends credit on any margin purchas
more fully in the Cash Sweep Options Disclosure Statement, which will be provided to Client under separate cover atter the Account is opened. 6. 'OBS' Privacy Statement' means the statement of DBSI's policies pertaining to gathering, protecting and maintaining the confidentiality of Client informat
xceed 40 basis points (0.40%)) for services DBTCA provides as "Settlement Bank" to the Program Banks and less a fee retained by DBSI and shared with Pershing that combined, may total up to 125 basis points (1.25%) based on the balances in the Deposit Accounts. The fee retained by DBSI and Pershing compens
nds" provides additional details regarding SIPC coverage. Benefits to Deutsche Bank Securities Inc., its Affiliates and Others DBSI, Pershing LLC ("Pershing"), DBSI's clearing broker, Deutsche Bank Trust Company Americas ("DBTCA") and the Branch receive fees and benefits for services provided in connecti
or services provided in connection with the Cash Sweep Program, and DBSI may choose to make available Cash Sweep Options that are more profitable to OBS' and its affiliates than other money market mutual funds or bank deposit accounts. DBTCA and the Branch both are affiliates of DBSI. A portion of the
xceed 40 basis points (0.40%)) for services DBTCA provides as "Settlement Bank" to the Program Banks and less a fee retained by DBSI and shared with Pershing that combined, may total up to 125 basis points (1.25%) based on the balances in the Deposit Accounts. The fee retained by DBSI and Pershing compens
nds" provides additional details regarding SIPC coverage. Benefits to Deutsche Bank Securities Inc., its Affiliates and Others DBSI, Pershing LLC ("Pershing"), DBSI's clearing broker, Deutsche Bank Trust Company Americas ("DBTCA") and the Branch receive fees and benefits for services provided in connecti
or services provided in connection with the Cash Sweep Program, and DBSI may choose to make available Cash Sweep Options that are more profitable to OBS' and its affiliates than other money market mutual funds or bank deposit accounts. DBTCA and the Branch both are affiliates of DBSI. A portion of the
ty, or any officers, employees or agents thereof. 24. No Legal, Tax or Accounting Advice. Client acknowledges and agrees that: (a) neither DBSI, nor Pershing, provide any legal, tax or accounting advice, (b) neither DBSI nor Pershing employees are authorized to give any such advice and (c) Client will no
e agreements with respect to products or services offered by or through 0851 or its affiliates. 28. Right to Terminate or Amend. Client agrees that OBS' has the right to terminate this Account Agreement and close any related accounts or amend the Terms and Conditions of this Account Agreement at any
ty, or any officers, employees or agents thereof. 24. No Legal, Tax or Accounting Advice. Client acknowledges and agrees that: (a) neither DBSI, nor Pershing, provide any legal, tax or accounting advice, (b) neither DBSI nor Pershing employees are authorized to give any such advice and (c) Client will no
e agreements with respect to products or services offered by or through 0851 or its affiliates. 28. Right to Terminate or Amend. Client agrees that OBS' has the right to terminate this Account Agreement and close any related accounts or amend the Terms and Conditions of this Account Agreement at any
Entities connected to both Pershing and OBS'
Pershing LLC
ORGANIZATIONthe State of New York
LOCATIONSecurities Investor Protection Corporation
ORGANIZATIONDeutsche Bank Securities Inc.
ORGANIZATIONDeutsche Bank Trust Company Americas
ORGANIZATIONConditions of this
ORGANIZATIONthe Investment Specialist
ORGANIZATIONthe Terms and Conditions of this Account
ORGANIZATIONa "Program Bank
ORGANIZATIONthe Federal Republic of Germany
LOCATIONMoney Market Funds
ORGANIZATIONThe Deutsche Bank AG New York Branch
ORGANIZATIONSweep Deposit Program
ORGANIZATIONCustomer Inquiries/Customer Complaint For
ORGANIZATIONConditions of this Account Agreement
ORGANIZATION