|
Article 32
|
The agreement signed between a securities firm and a customer for the provision of business services relating to custody and investment of funds on behalf of the customer, shall contain a special clause to the effect that when a subject instrument involves repo transactions, if any single repo transaction involves pooling of funds from two or more customers, and if the transaction is subject to early termination due to early termination of agreement by any of the customers involved, it is agreed that in this circumstance the securities firm may on its own initiative terminate the agreement early and that the securities firm shall take further action as specified in the preceding article.
|