Organization or individual that transfers and manages FMUs in the Reserve software but does not develop its own projects. The trader/broker/retailer holds legal title and all beneficial ownership rights to the FMUs in its account or, with respect to FMUs that will be retired in a Group Retirement Subaccount, the trader/broker/retailer must be granted the authority to act on behalf of the holder of the legal title and/or the beneficial ownership rights of the FMUs.
TRADER/BROKER/RETAILER
