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Pershing LLC member FINRA NYSE SIPC is a wholly owned subsidiary of The Bank of New York Mellon Corporation BNY Mellon. 8. 5. a If i Pershing is required to make a payment a Pershing Payment with respect to cash Distributions on Loaned Securities under Sections 8. PERSHING LLC as Borrower and as Clearing Broker and Securities Intermediary By Gerald W. Tamburro Jr. As security for Pershing s obligation to pay such excess Lender shall have and Pershing hereby grants a security interest in any...
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