Common use of Client Assets Clause in Contracts

Client Assets. 4.1 Your funds will be at all times segregated from our funds as provided for in the Applicable Regulations. In case of our insolvency, your funds will not form a part of our proprietary assets under the Applicable Regulations or the laws of Mauritius on insolvency. 4.2 We are allowed to pool your funds with funds of our other clients and hold them in a segregated omnibus bank account that will be named in a manner that shows that this bank account does not hold our proprietary funds. We will use reasonable care when choosing a bank for safeguarding your funds. 4.3 We will reconcile our records of the client funds balances kept on the segregated omnibus bank accounts with those of the bank with a frequency that is necessary to comply with our safeguarding duties. If due to reconciliation a transfer of funds should be made to or from a segregated omnibus bank account, this transfer will be initiated on the same Business Day as the reconciliation was performed. 4.4 We may hold your funds in segregated omnibus accounts in banks located outside Mauritius or pass your funds to an intermediate broker, settlement agent or an over-the-counter counterparty located outside Mauritius to perform your Transaction. We will use reasonable care when choosing these third parties, however we cannot guarantee that your funds will receive the same level of protection as if they were held with or passed on to an entity in Mauritius. 4.5 The rules we follow when we safeguard and safekeep your Instruments can be found in the Terms of Business. 4.6 At least once per year we will send you a statement of your funds and Instruments held by us unless this information has been provided to you in another periodic statement. 4.7 Your funds will not earn any interest and we will not pay any interest on any of your funds held by us.

Client Assets. 4.1 Your funds will be at all times segregated from our funds as provided for in the Applicable Regulations. In case of our insolvency, your funds will not form a part of our proprietary assets under the Applicable Regulations or the laws of Mauritius Kenya on insolvency. 4.2 We are allowed to pool your funds with funds of our other clients and hold them in a segregated omnibus bank account that will be named in a manner that shows that this bank account does not hold our proprietary funds. We will use reasonable care when choosing a bank for safeguarding your funds. 4.3 We will reconcile our records of the client funds balances kept on the segregated omnibus bank accounts with those of the bank with a frequency that is necessary to comply with our safeguarding duties. If due to reconciliation a transfer of funds should be made to or from a segregated omnibus bank account, this transfer will be initiated on the same Business Day as the reconciliation was performed. 4.4 We may hold your funds in segregated omnibus accounts in banks located outside Mauritius Kenya or pass your funds to an intermediate broker, settlement agent or an over-the-counter counterparty located outside Mauritius Kenya to perform your Transaction. We will use reasonable care when choosing these third parties, however we cannot guarantee that your funds will receive the same level of protection as if they were held with or passed on to an entity in MauritiusKenya. 4.5 The rules we follow when we safeguard and safekeep your Instruments can be found in the Terms of Business. 4.6 At least once per year we will send you a statement of your funds and Instruments held by us unless this information has been provided to you in another periodic statement. 4.7 Your funds will not earn any interest and we will not pay any interest on any of your funds held by us.

Client Assets. 4.1 Your funds will be at all times segregated from our funds as provided for in the Applicable Regulations. In case of our insolvency, your funds will not form a part of our proprietary assets under the Applicable Regulations or the laws of Mauritius on insolvency. 4.2 We are allowed to pool your funds with funds of our other clients Clients and hold them in a segregated omnibus bank account that will be named in a manner that shows that this bank account does not hold our proprietary funds. We will use reasonable care when choosing a bank for safeguarding your funds. 4.3 We will reconcile our records of the client Client funds balances kept on the segregated omnibus bank accounts with those of the bank with a frequency that is necessary to comply with our safeguarding duties. If due to reconciliation a transfer of funds should be made to or from a segregated omnibus bank account, this transfer will be initiated on the same Business Day as the reconciliation was performed. 4.4 We may hold your funds in segregated omnibus accounts in banks located outside Mauritius or pass your funds to an intermediate broker, settlement agent or an over-the-counter counterparty located outside Mauritius to perform your Transaction. We will use reasonable care when choosing these third parties, however we cannot guarantee that your funds will receive the same level of protection as if they were held with or passed on to an entity in Mauritius. 4.5 The rules we follow when we safeguard and safekeep your Instruments can be found in the Terms of Business. 4.6 At least once per year we will send you a statement of your funds and Instruments held by us unless this information has been provided to you in another periodic statement. 4.7 Your funds will not earn any interest and we will not pay any interest on any of your funds held by us.

Client Assets. 4.1 Your funds will be at all times segregated from our funds as provided for in the Applicable Regulations. In case of our insolvency, your funds will not form a part of our proprietary assets under the Applicable Regulations or the laws of Mauritius SVG on insolvency. 4.2 We are allowed to pool your funds with funds of our other clients and hold them in a segregated omnibus bank account that will be named in a manner that shows that this bank account does not hold our proprietary funds. We will use reasonable care when choosing a bank for safeguarding your funds. 4.3 We will reconcile our records of the client funds balances kept on the segregated omnibus bank accounts with those of the bank with a frequency that is necessary to comply with our safeguarding duties. If due to reconciliation a transfer of funds should be made to or from a segregated omnibus bank account, this transfer will be initiated on the same Business Day as the reconciliation was performed. 4.4 We may hold your funds in segregated omnibus accounts in banks located outside Mauritius SVG or pass your funds to an intermediate broker, settlement agent or an over-the-counter counterparty located outside Mauritius SVG to perform your Transaction. We will use reasonable care when choosing these third parties, however we cannot guarantee that your funds will receive the same level of protection as if they were held with or passed on to an entity in MauritiusSVG. 4.5 The rules we follow when we safeguard and safekeep safe keep your Instruments can be found in the Terms of Business. 4.6 At least once per year we will send you a statement of your funds and Instruments held by us unless this information has been provided to you in another periodic statement. 4.7 Your funds will not earn any interest and we will not pay any interest on any of your funds held by us.

Client Assets. 4.1 Your funds will be at all times segregated from our funds as provided for in the Applicable Regulations. In case of our insolvency, your funds will not form a part of our proprietary assets under the Applicable Regulations or the laws of Mauritius SVG on insolvency. 4.2 We are allowed to pool your funds with funds of our other clients and hold them in a segregated omnibus bank account that will be named in a manner that shows that this bank account does not hold our proprietary funds. We will use reasonable care when choosing a bank for safeguarding your funds. 4.3 We will reconcile our records of the client funds balances kept on the segregated omnibus bank accounts with those of the bank with a frequency that is necessary to comply with our safeguarding duties. If due to reconciliation a transfer of funds should be made to or from a segregated omnibus bank account, this transfer will be initiated on the same Business Day as the reconciliation was performed. 4.4 We may hold your funds in segregated omnibus accounts in banks located outside Mauritius SVG or pass your funds to an intermediate broker, settlement agent or an over-the-the- counter counterparty located outside Mauritius SVG to perform your Transaction. We will use reasonable care when choosing these third parties, however we cannot guarantee that your funds will receive the same level of protection as if they were held with or passed on to an entity in MauritiusSVG. 4.5 The rules we follow when we safeguard and safekeep safe keep your Instruments can be found in the Terms of Business. 4.6 At least once per year we will send you a statement of your funds and Instruments held by us unless this information has been provided to you in another periodic statement. 4.7 Your funds will not earn any interest and we will not pay any interest on any of your funds held by us.

Client Assets. 4.1 Your funds will be at all times segregated from our funds as provided for in the Applicable Regulations. In case of our insolvency, your funds will not form a part of our proprietary assets under the Applicable Regulations or the laws of Mauritius on insolvency. 4.2 We are allowed to pool your funds with funds of our other clients and hold them in a segregated omnibus bank account that will be named in a manner that shows that this bank account does not hold our proprietary funds. We will use reasonable care when choosing a bank for safeguarding your funds. 4.3 We will reconcile our records of the client funds balances kept on the segregated omnibus bank accounts with those of the bank with a frequency that is necessary to comply with our safeguarding duties. If due to reconciliation a transfer of funds should be made to or from a segregated omnibus bank account, this transfer will be initiated on the same Business Day as the reconciliation was performed. 4.4 We may hold your funds in segregated omnibus accounts in banks located outside Mauritius or pass your funds to an intermediate broker, settlement agent or an over-the-counter counterparty located outside Mauritius to perform your Transaction. We will use reasonable care when choosing these third parties, however we cannot guarantee that your funds will receive the same level of protection as if they were held with or passed on to an entity in Mauritius. 4.5 The rules we follow when we safeguard and safekeep your Instruments can be found in the Terms of Business. 4.6 At least once per year we will send you a statement of your funds and Instruments held by us unless this information has been provided to you in another periodic statement. 4.7 Your funds will not earn any interest and we will not pay any interest on any of your funds held by us.