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A customer shall warrant that additional collateral securities or other commodities it provides are free and clear of all liens, claims, and encumbrances of any nature whatsoever. If there is any defect in rights or legal dispute regarding the securities, within 3 business days after receiving notice thereof from the securities firm, the customer shall replace such securities or commodities with securities or other commodities eligible for use as additional collateral, or pay their equivalent value in cash.
Where the customer is not the owner of additional collateral securities or other commodities it provides, it shall be responsible for obtaining the household registration information, verification of source, and consent letter of the owner of such securities.
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