Users must sign a compliance agreement to access the system. The user agreement defines the conditions under which participants can use the system. In addition, participants must acknowledge that all agreements concluded by electronic signature in the Docs system are binding in the same way that actual signatures on paper give-up agreements are binding on the parties. Clearing Broker: the party that maintains a term clearing account for the client and to which positions resulting from orders executed by a broker-exporter in accordance with the agreement are ultimately abandoned. The clearing broker must be licensed as a term intermediary in its home jurisdiction, but is not required to be a member of an exchange. Section 3 of the Agreement provides that, in cases where it is not a member of the Exchange where trades are executed, a clearing broker may use the services of a clearing member to clear stock market positions on its behalf. However, these agents are often related companies of the clearing broker in another jurisdiction (see “using agents” below to determine when companies should be designated as parties to a give up agreement). . . .