actions 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 purchases, where applicable. Client furt

actions 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 purchases, where applicable. Client furt

actions 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 purchases, where applicable. Client furt