Common use of Account Establishment Clause in Contracts

Account Establishment. An Account must be opened prior to entering into any Transaction with us. No Orders can be placed until an Account has been opened and cleared funds received. Without prejudice to the foregoing, if we permit you to place an order notwithstanding that an Account has not been opened, or cleared funds received, this shall not limit your liability to us pursuant to this Agreement in respect of the Order placed. We may, at our absolute discretion, refuse to accept you as a client for whatever reason but will notify you of any such refusal, without giving any reasons, promptly following your application.

Appears in 2 contracts

Samples: Standard Terms of Business, Standard Terms of Business

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Account Establishment. An Account must be opened prior to entering into any Transaction with us. No Orders can be placed until an Account has been opened and cleared funds Funds received. Without prejudice to the foregoing, if we permit you to place an order notwithstanding that an Account has not been opened, or cleared funds Funds received, this shall not limit your liability to us pursuant to this Agreement in respect of the Order placed. We may, at our absolute discretion, refuse to accept you as a client for whatever reason but will notify you of any such refusal, without giving any reasons, promptly following your application.

Appears in 2 contracts

Samples: Odp to FSP Liquidity Terms, Terms of Business

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Account Establishment. An Account account must be opened prior to entering into any Transaction with us. No Orders orders can be placed until an Account account has been opened and cleared funds received. Without prejudice to the foregoing, if If we permit you to place an order notwithstanding that an Account account has not been opened, or cleared funds received, this shall not limit your liability to us pursuant to this Agreement in respect of the Order order placed. We may, at our absolute discretion, refuse to accept you as a client for whatever reason but will notify you of any such refusal, without giving any reasons, promptly following your application.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

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