The Securities Account Control Agreement (SACA) is a critical document in secured financing transactions under U.S. law where securities accounts serve as collateral. It is required to perfect a security interest in a securities account under the UCC by establishing 'control,' which provides the secured party with priority over other creditors. The agreement defines the rights and obligations of all parties, including the securities intermediary's agreement to comply with the secured party's instructions without further consent from the debtor. SACAs are commonly used in lending transactions, margin accounts, and other financial arrangements where securities serve as collateral.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of secured party, debtor, and securities intermediary
2. Background: Context of the security arrangement and related agreements
3. Definitions: Key terms including Securities Account, Collateral, Control, etc.
4. Securities Account: Description and identification of the relevant securities account(s)
5. Control of Securities Account: Terms establishing secured party's control over the account
6. Security Interest: Provisions regarding the security interest in the account
7. Rights and Duties of Securities Intermediary: Obligations and responsibilities of the securities intermediary
8. Representations and Warranties: Standard representations by all parties
9. Miscellaneous: Standard boilerplate provisions including governing law, notices, amendments, and termination
1. Trading Authorization: Terms governing trading rights in the account when debtor retains trading rights
2. Income and Distributions: Treatment of dividends and other distributions when specific arrangements are needed
3. Foreign Securities: Special provisions for non-U.S. securities when account contains foreign securities
1. Schedule A - Account Details: Specific identification of securities account(s)
2. Schedule B - Authorized Persons: List of persons authorized to give instructions
3. Schedule C - Notice Information: Contact details for notices under the agreement
4. Exhibit A - Form of Notice of Exclusive Control: Template for secured party to exercise exclusive control
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Joint Control Addendum
A U.S.-governed legal document that establishes terms and conditions for shared control between multiple parties over assets, operations, or data processing activities.
find out more
Quality Control Agreement
A U.S.-governed agreement establishing quality control standards and procedures between manufacturing or supply chain parties.
find out more
Blocked Account Control Agreement
A U.S. tri-party agreement establishing control over a deposit account to perfect a security interest under the UCC.
find out more
Securities Account Control Agreement
A U.S.-governed tri-party agreement establishing control over a securities account as collateral under the UCC.
find out more
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)