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rising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. DBSI engages a third-g arty eieering agent, Pershing. Client understands that Porshlhg is the custodian of Client's assets, clears and settles all transactions. and extends credit on any margin purchas
liates or Pershing (whethbr individually, jointly or otherwise) and shall secure any and all Obligations of each Jo'nt Accountholder to OBSI and its Affiliates ar Pershing. With respect to the lien granted to DBSI and its Affiliates, OBSI (or Pershing. at OBSI's instruction) may, at any time and without prior notice,
rising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. DBSI engages a third-g arty eieering agent, Pershing. Client understands that Porshlhg is the custodian of Client's assets, clears and settles all transactions. and extends credit on any margin purchas
liates or Pershing (whethbr individually, jointly or otherwise) and shall secure any and all Obligations of each Jo'nt Accountholder to OBSI and its Affiliates ar Pershing. With respect to the lien granted to DBSI and its Affiliates, OBSI (or Pershing. at OBSI's instruction) may, at any time and without prior notice,
rising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. DBSI engages a third-g arty eieering agent, Pershing. Client understands that Porshlhg is the custodian of Client's assets, clears and settles all transactions. and extends credit on any margin purchas
liates or Pershing (whethbr individually, jointly or otherwise) and shall secure any and all Obligations of each Jo'nt Accountholder to OBSI and its Affiliates ar Pershing. With respect to the lien granted to DBSI and its Affiliates, OBSI (or Pershing. at OBSI's instruction) may, at any time and without prior notice,
Entities connected to both Pershing and Affiliates ar Pershing
Clientwill
PERSONDOS'
ORGANIZATIONSecurities and Other Propertyheld
ORGANIZATIONIleitis
ORGANIZATIONOrder Ptacemunt aed Cancellation/Modification Requeets
ORGANIZATIONPorshlhg
ORGANIZATIONOtherProperty
ORGANIZATIONPerehitiq
PERSON