However, a customer agreement will normally be needed for discretionary clients even if they are non-private customers.

There was little impact from the $2.5 billion in customer repurchase agreements conducted by the Federal Reserve before noon.

While the Fed again added reserves to the banking system indirectly through customer repurchase agreements, it had little, if any, effect on bill rates.

By a 5-4 margin the Court ruled for them, enforcing the arbitration clause in the plaintiffs' customer agreement.

The latest infusion, $2.5 billion, was effected through customer repurchase agreements.

The latest intervention involved $1.5 billion of customer repurchase agreements.

The ruling was significant because arbitration agreements have become a standard component of customer agreements in the securities industry.

Acme said that its policy was legal and was clearly spelled out in its customer rental agreement.

Such written indication would typically be contained in a customer agreement (see below).

The decision upheld a customer agreement providing for arbitration of any controversy arising from an account rather than a hearing before a Federal judge.