Control Agreement For Securities Account

State:
Multi-State
Control #:
US-EG-9034
Format:
Word; 
Rich Text
Instant download

Description

The Control Agreement for Securities Account serves as a legal framework that outlines the rights and responsibilities between the parties involved in managing securities within a trust arrangement. Key features of this agreement include the definition of roles, such as the Depositor, Trustee, and Evaluator, and the specific terms and conditions that govern how securities are handled and valued. The form incorporates standard terms and conditions while allowing for customization through special terms that apply to particular trust series. Filling out the form requires attention to details such as the initial date of deposit, units outstanding, and compensation rates for various parties involved. Legal professionals, including attorneys and paralegals, can utilize this form to ensure compliance with trust regulations and to facilitate organized administration of investment trusts. The form is particularly useful for investment partnerships, fund managers, and owners who want to establish clear protocols for managing their securities in a legally binding manner. Additionally, the document's instructions simplify the completion process for legal assistants and associates, promoting clarity in fulfilling fiduciary duties.
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  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.
  • Preview Trust Agreement between Nike Securities, L.P., The Chase Manhattan Bank and First Trust Advisors, L.P.

How to fill out Trust Agreement Between Nike Securities, L.P., The Chase Manhattan Bank And First Trust Advisors, L.P.?

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FAQ

Securities Account Control Agreement (SACA)

A control agreement is a type of collateral agreement that is entered by a debtor to secure obligations under a loan agreement. In a control agreement, the debtor, secured party, and the account maintainer (usually a bank) agree to allow the secured party to have security interest in the debtors account.

A securities account sometimes known as a brokerage account is an account that holds financial assets such as securities on behalf of an investor with a bank, broker or custodian. Investors and traders typically have a securities account with the broker or bank they use to buy and sell securities.

An account control agreement, sometimes called a deposit account control agreement or simply, DACA, is a legal contract executed between a deposit customer, their lender, and a bank. This agreement enables a borrower to grant a lender security interest in a bank account.

The securities account control agreement enables the secured party to obtain control over the security entitlement, and therefore the securities account, and so enables its security interest in the securities account to be perfected (UCC § 9-106).

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Control Agreement For Securities Account