Sifma Master Dealer Agreement

An agreement on the maintenance of an omnibus account in accordance with Regulation T, a regulation adopted by the Board of Governors of the Federal Reserve System, governs client cash accounts and the extension of loans by brokers to clients for the purchase and carrying of securities. This agreement was last revised on 21 November 2019 to update and correct certain legal and regulatory references. In the previous revision, on January 4, 2019, a new Section 8 was added to address the effects of U.S. special regimes. An agreement that governs the conditions under which a trader may acquire part of a security as a principal obligation. For use with both registered SEC offers and exempt offers, with the exception of offers of securities of communal value. An agreement that establishes the legal relationship between union members and allows for the effective execution of a standardized agreement instead of the execution of separately negotiated legal contracts each time a company joins a union. For use with both registered SEC offers and exempt offers, with the exception of offers of securities of communal value. Two sets of standard trading contracts designed for secured commercial documents issued pursuant to subsections 4(2) and 3(a)(3) of the Securities Act, respectively, and intended for use where one or more corporate guarantors are also responsible for the payment of principal and interest on the bonds.

Standard contracts also contain a standard form of guarantee and standard advice from a guarantor`s advisor. Sales contracts by type of commercial paper and guaranteed commercial paper, issued pursuant to Sections 4(2) and 3(a)(3) of the Securities Act of 1933. This agreement was last revised on November 13, 2020 to reflect the Securities and Exchange Commission`s amended definition of “accredited investor” (effective December 8, 2020) in Section 3.3(vi) and to anticipate electronic signatures in section 12.9. The previous revision, on November 21, 2019, provided for the use of SEC Rule 163B (valid from December 3, 2019) in the context of water examination and updated and corrected certain legal and regulatory references. . . .


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