AUSTRALIAN CLIENT MONEY RULES AND AUTHORISATIONS. 17.1.1 All money paid to us by you or a person acting on your behalf, or which is received by us on behalf of you, will be held by us in one or more segregated trust accounts with an Australian ADI or an approved foreign bank. These moneys do not constitute a loan to us and are held on trust by us. You agree and acknowledge that individual Accounts of our clients are not separated from each other within the segregated trust accounts operated by us and that your moneys may be co-mingled with our other clients’ moneys, and that we will not be liable for the insolvency or any act or omission of any ADI holding the trust accounts. Furthermore, you understand the possible risks of this as explained in the PDS, that you have received or downloaded. 17.1.2 If property, other than money, is given to us by you or a person acting on your behalf, or for your benefit, it will be held by us on trust in accordance with the Australian Client Money Rules. 17.1.3 You acknowledge that from the time any funds withdrawn from the Client Money Trust Account in connection with your Contracts: (a) you lose the protections given to a Client Money Trust Account of that kind; (b) you are an unsecured creditor of GMT Markets for its obligations on your Contracts. This includes exposure as an unsecured creditor for payment to you of the Net Equity (if any) after closing all your open Positions; (c) the funds are no longer held beneficially for you but they become funds belonging to GMT Markets. 17.1.4 If you pay moneys into any Client Money Trust Account maintained by us in anticipation of you creating and meeting any liability or obligation including to pay for any Products (including payment for Margin), by this Agreement you authorise us to withdraw those moneys to pay us for any liability which later arises. 17.1.5 If there has been no movement on your Account after the date you become entitled to a transfer of your money held in such Account (notwithstanding any payments or receipts of interest or similar items) and we are unable to locate you despite having taken reasonable steps to do so, such money will be treated by us as unclaimed money and dealt with in accordance with the Applicable Laws. 17.1.6 You acknowledge that we will be under no obligation to pay interest on balances on your Account (and any fees we may take from such interest) and that you are therefore waiving and foregoing any entitlement to interest (and fees if any) under the Applicable Laws or otherwise.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
AUSTRALIAN CLIENT MONEY RULES AND AUTHORISATIONS. 17.1.1 All money paid to us by you or a person acting on your behalf, or which is received by us on behalf of you, will be held by us in one or more segregated trust accounts with an Australian ADI or an approved foreign bank. These moneys do not constitute a loan to us and are held on trust by us. You agree and acknowledge that individual Accounts of our clients are not separated from each other within the segregated trust accounts operated by us and that your moneys may be co-mingled with our other clients’ moneys, and that we will not be liable for the insolvency or any act or omission of any ADI holding the trust accounts. Furthermore, you understand the possible risks of this as explained in the PDS, that you have received or downloaded.
17.1.2 If property, other than money, is given to us by you or a person acting on your behalf, or for your benefit, it will be held by us on trust in accordance with the Australian Client Money Rules.
17.1.3 You acknowledge that from the time any funds withdrawn from the Client Money Trust Account in connection with your Contracts:
(a) you lose the protections given to a Client Money Trust Account of that kind;kind;
(b) you are an unsecured creditor of GMT ETO Markets for its obligations on your Contracts. This includes exposure as an unsecured creditor for payment to you of the Net Equity (if any) after closing all your open Positions;
(c) the funds are no longer held beneficially for you but they become funds belonging to GMT ETO Markets.
17.1.4 If you pay moneys into any Client Money Trust Account maintained by us in anticipation of you creating and meeting any liability or obligation including to pay for any Products (including payment for Margin), by this Agreement you authorise us to withdraw those moneys to pay us for any liability which later arises.
17.1.5 If there has been no movement on your Account after the date you become entitled to a transfer of your money held in such Account (notwithstanding any payments or receipts of interest or similar items) and we are unable to locate you despite having taken reasonable steps to do so, such money will be treated by us as unclaimed money and dealt with in accordance with the Applicable Laws.
17.1.6 You acknowledge that we will be under no obligation to pay interest on balances on your Account (and any fees we may take from such interest) and that you are therefore waiving and foregoing any entitlement to interest (and fees if any) under the Applicable Laws or otherwise.otherwise.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
AUSTRALIAN CLIENT MONEY RULES AND AUTHORISATIONS. 17.1.1 All money paid to us by you or a person acting on your behalf, or which is received by us on behalf of you, will be held by us in one or more segregated client money trust accounts with an Australian ADI or an approved foreign bank. These moneys do not constitute a loan to us and are held on trust by us. You agree and acknowledge that individual Accounts of our clients are not separated from each other within the segregated client money trust accounts operated by us and that your moneys may be co-co- mingled with our other clients’ moneys, and that we will not be liable for the insolvency or any act or omission of any ADI holding the trust accounts. Furthermore, you understand the possible risks of this as explained in the PDS, that you have received or downloaded.
17.1.2 If property, other than money, is given to us by you or a person acting on your behalf, or for your benefit, it will be held by us on trust in accordance with the Australian Client Money Rules.Rules.
17.1.3 You acknowledge that from the time any funds withdrawn from the Client Money Trust Account in connection with your Contracts:
(a) you lose the protections given to a Client Money Trust Account of that kind;
(b) you are an unsecured creditor of GMT Markets RV Forex for its obligations on your Contracts. This includes exposure as an unsecured creditor for payment to you of the Net Equity (if any) after closing all your open Positions;
(c) the funds are no longer held beneficially for you but they become funds belonging to GMT Markets.RV Forex.
17.1.4 If you pay moneys into any Client Money Trust Account maintained by us in anticipation of you creating and meeting any liability or obligation including to pay for any Products (including payment for Margin), by this Agreement you authorise us to withdraw those moneys to pay us for any liability which later arises.
17.1.5 If there has been no movement on your Account after the date you become entitled to a transfer of your money held in such Account (notwithstanding any payments or receipts of interest or similar items) and we are unable to locate you despite having taken reasonable steps to do so, such money will be treated by us as unclaimed money and dealt with in accordance with the Applicable Laws.
17.1.6 You acknowledge that we will be under no obligation to pay interest on balances on your Account (and any fees we may take from such interest) and that you are therefore waiving and foregoing any entitlement to interest (and fees if any) under the Applicable Laws or otherwise.
Appears in 1 contract
Samples: Client Agreement
AUSTRALIAN CLIENT MONEY RULES AND AUTHORISATIONS. 17.1.1 All money paid to us by you or a person acting on your behalf, or which is received by us on behalf of you, will be held by us in one or more segregated trust accounts with an Australian ADI or an approved foreign bank. These moneys do not constitute a loan to us and are held on trust by us. You agree and acknowledge that individual Accounts of our clients are not separated from each other within the segregated trust accounts operated by us and that your moneys may be co-co- mingled with our other clients’ moneys, and that we will not be liable for the insolvency or any act or omission of any ADI holding the trust accounts. Furthermore, you understand the possible risks of this as explained in the PDS, that you have received or downloaded.
17.1.2 If property, other than money, is given to us by you or a person acting on your behalf, or for your benefit, it will be held by us on trust in accordance with the Australian Client Money Rules.
17.1.3 You acknowledge that from the time any funds withdrawn from the Client Money Trust Account in connection with your Contracts:
(a) you lose the protections given to a Client Money Trust Account of that kind;kind;
(b) you are an unsecured creditor of GMT Markets Fortune Prime Global for its obligations on your Contracts. This includes exposure as an unsecured creditor for payment to you of the Net Equity of your Account (if any) after closing all your open Positions;
(c) the funds are no longer held beneficially for you but they become funds belonging to GMT MarketsFortune Prime Global.
17.1.4 If you pay moneys into any Client Money Trust Account maintained by us in anticipation of you creating and meeting any liability or obligation including to pay for any Products (including payment for Margin), by this Agreement you authorise us to withdraw those moneys to pay us for any liability which later arises.
17.1.5 If there has been no movement on your Account after the date you become entitled to a transfer of your money held in such Account (notwithstanding any payments or receipts of interest or similar items) and we are unable to locate you despite having taken reasonable steps to do so, such money will be treated by us as unclaimed money and dealt with in accordance with the Applicable Laws.
17.1.6 You acknowledge that we will be under no obligation to pay interest on balances on your Account (and any fees we may take from such interest) and that you are therefore waiving and foregoing any entitlement to interest (and fees if any) under the Applicable Laws or otherwise.otherwise.
Appears in 1 contract
Samples: Client Agreement
AUSTRALIAN CLIENT MONEY RULES AND AUTHORISATIONS. 17.1.1 All money paid to us by you or a person acting on your behalf, or which is received by us on behalf of you, will be held by us in one or more segregated trust accounts with an Australian ADI or an approved foreign bank. These moneys do not constitute a loan to us and are held on trust by us. You agree and acknowledge that individual Accounts of our clients are not separated from each other within the segregated trust accounts operated by us and that your moneys may be co-co- mingled with our other clients’ moneys, and that we will not be liable for the insolvency or any act or omission of any ADI holding the trust accounts. Furthermore, you understand the possible risks of this as explained in the PDS, that you have received or downloaded.
17.1.2 If property, other than money, is given to us by you or a person acting on your behalf, or for your benefit, it will be held by us on trust in accordance with the Australian Client Money Rules.
17.1.3 You acknowledge that from the time any funds withdrawn from the Client Money Trust Account in connection with your Contracts:
(a) you lose the protections given to a Client Money Trust Account of that kind;kind;
(b) you are an unsecured creditor of GMT Markets Fortune Prime Global for its obligations on your Contracts. This includes exposure as an unsecured creditor for payment to paymentto you of the Net Equity (if any) after closing all your open Positions;
(c) the funds are no longer held beneficially for you but they become funds belonging to GMT MarketsFortune Prime Global.
17.1.4 If you pay moneys into any Client Money Trust Account maintained by us in anticipation of you creating and meeting any liability or obligation including to pay for any Products (including payment for Margin), by this Agreement you authorise us to withdraw those moneys to pay us for any liability which later arises.
17.1.5 If there has been no movement on your Account after the date you become entitled to a transfer of your money held in such Account (notwithstanding any payments or receipts of interest or similar items) and we are unable to locate you despite having taken reasonable steps to do so, such money will be treated by us as unclaimed money and dealt with in accordance with the Applicable Laws.
17.1.6 You acknowledge that we will be under no obligation to pay interest on balances on your Account (and any fees we may take from such interest) and that you are therefore waiving and foregoing any entitlement to interest (and fees if any) under the Applicable Laws or otherwise.otherwise.
Appears in 1 contract
Samples: Client Agreement
AUSTRALIAN CLIENT MONEY RULES AND AUTHORISATIONS. 17.1.1 All money paid to us by you or a person acting on your behalf, or which is received by us on behalf of you, will be held by us in one or more segregated trust accounts with an Australian ADI or an approved foreign bank. These moneys do not constitute a loan to us and are held on trust by us. You agree and acknowledge that individual Accounts of our clients are not separated from each other within the segregated trust accounts operated by us and that your moneys may be co-mingled with our other clients’ moneys, and that we will not be liable for the insolvency or any act or omission of any ADI holding the trust accounts. Furthermore, you understand the possible risks of this as explained in the PDS, that you have received or downloaded.
17.1.2 If property, other than money, is given to us by you or a person acting on your behalf, or for your benefit, it will be held by us on trust in accordance with the Australian Client Money Rules.
17.1.3 You acknowledge that from the time any funds withdrawn from the Client Money Trust Account in connection with your Contracts:
(a) you lose the protections given to a Client Money Trust Account of that kind;kind;
(b) you are an unsecured creditor of GMT Markets CLSA Premium for its obligations on your Contracts. This includes exposure as an unsecured creditor for payment to you of the Net Equity (if any) after closing all your open Positions;
(c) the funds are no longer held beneficially for you but they become funds belonging to GMT MarketsCLSA Premium.
17.1.4 If you pay moneys into any Client Money Trust Account maintained by us in anticipation of you creating and meeting any liability or obligation including to pay for any Products (including payment for Margin), by this Agreement you authorise us to withdraw those moneys to pay us for any liability which later arises.
17.1.5 If there has been no movement on your Account after the date you become entitled to a transfer of your money held in such Account (notwithstanding any payments or receipts of interest or similar items) and we are unable to locate you despite having taken reasonable steps to do so, such money will be treated by us as unclaimed money and dealt with in accordance with the Applicable Laws.
17.1.6 You acknowledge that we will be under no obligation to pay interest on balances on your Account (and any fees we may take from such interest) and that you are therefore waiving and foregoing any entitlement to interest (and fees if any) under the Applicable Laws or otherwise.otherwise.
Appears in 1 contract
Samples: Terms and Conditions
AUSTRALIAN CLIENT MONEY RULES AND AUTHORISATIONS. 17.1.1 All money paid to us by you or a person acting on your behalf, or which is received by us on behalf of you, will be held by us in one or more segregated trust accounts with an Australian ADI or an approved foreign bank. These moneys do not constitute a loan to us and are held on trust by us. You agree and acknowledge that individual Accounts of our clients are not separated from each other within the segregated trust accounts operated by us and that your moneys may be co-co- mingled with our other clients’ moneys, and that we will not be liable for the insolvency or any act or omission of any ADI holding the trust accounts. Furthermore, you understand the possible risks of this as explained in the PDS, that you have received or downloaded.
17.1.2 If property, other than money, is given to us by you or a person acting on your behalf, or for your benefit, it will be held by us on trust in accordance with the Australian Client Money Rules.
17.1.3 You acknowledge that from the time any funds withdrawn from the Client Money Trust Account in connection with your Contracts:
(a) you lose the protections given to a Client Money Trust Account of that kind;kind;
(b) you are an unsecured creditor of GMT Markets Trademax Australia for its obligations on your Contracts. This includes exposure as an unsecured creditor for payment to you of the Net Equity (if any) after closing all your open Positions;
(c) the funds are no longer held beneficially for you but they become funds belonging to GMT MarketsTrademax Australia.
17.1.4 If you pay moneys into any Client Money Trust Account maintained by us in anticipation of you creating and meeting any liability or obligation including to pay for any Products (including payment for Margin), by this Agreement you authorise us to withdraw those moneys to pay us for any liability which later arises.
17.1.5 If there has been no movement on your Account after the date you become entitled to a transfer of your money held in such Account (notwithstanding any payments or receipts of interest or similar items) and we are unable to locate you despite having taken reasonable steps to do so, such money will be treated by us as unclaimed money and dealt with in accordance with the Applicable Laws.
17.1.6 You acknowledge that we will be under no obligation to pay interest on balances on your Account (and any fees we may take from such interest) and that you are therefore waiving and foregoing any entitlement to interest (and fees if any) under the Applicable Laws or otherwise.otherwise.
Appears in 1 contract
Samples: Client Agreement
AUSTRALIAN CLIENT MONEY RULES AND AUTHORISATIONS. 17.1.1 All money paid to us by you or a person acting on your behalf, or which is received by us on behalf of you, will be held by us in one or more segregated trust accounts with an Australian ADI or an approved foreign bank. These moneys do not constitute a loan to us and are held on trust by us. You agree and acknowledge that individual Accounts of our clients are not separated from each other within the segregated trust accounts operated by us and that your moneys may be co-mingled with our other clients’ moneys, and that we will not be liable for the insolvency or any act or omission of any ADI holding the trust accounts. Furthermore, you understand the possible risks of this as explained in the PDS, that you have received or downloaded.
17.1.2 If property, other than money, is given to us by you or a person acting on your behalf, or for your benefit, it will be held by us on trust in accordance with the Australian Client Money Rules.
17.1.3 You acknowledge that from the time any funds withdrawn from the Client Money Trust Account in connection with your Contracts:
(a) you lose the protections given to a Client Money Trust Account of that kind;kind;
(b) you are an unsecured creditor of GMT Prospero Markets for its obligations on your Contracts. This includes exposure as an unsecured creditor for payment to you of the Net Equity (if any) after closing all your open Positions;
(c) the funds are no longer held beneficially for you but they become funds belonging to GMT Prospero Markets.
17.1.4 If you pay moneys into any Client Money Trust Account maintained by us in anticipation of you creating and meeting any liability or obligation including to pay for any Products (including payment for Margin), by this Agreement you authorise us to withdraw those moneys to pay us for any liability which later arises.
17.1.5 If there has been no movement on your Account after the date you become entitled to a transfer of your money held in such Account (notwithstanding any payments or receipts of interest or similar items) and we are unable to locate you despite having taken reasonable steps to do so, such money will be treated by us as unclaimed money and dealt with in accordance with the Applicable Laws.
17.1.6 You acknowledge that we will be under no obligation to pay interest on balances on your Account (and any fees we may take from such interest) and that you are therefore waiving and foregoing any entitlement to interest (and fees if any) under the Applicable Laws or otherwise.otherwise.
Appears in 1 contract
