Client Funds. All client funds shall be handled by the Purchaser or Protective Payee. The Provider shall not handle client funds.
Client Funds. 8.1 We treat funds received from you or held by us on your behalf in accordance with the requirements of the Applicable Regulations. In particular, funds belonging to you that will be used for trading purposes will be kept in an account with any bank or financial institution or in any other manner used to accept funds which Demeterer will specify from time to time and will be held in Demeterer's name, or on the name of payment institution which servers for Xxxxxxxxx’s client’s custody deposit accounts.
8.2 By accepting this Agreement, you authorize Demeterer to make any necessary reconciliation transfers in order for the bank account balance to match the trading account balance, including, without prejudice to the generality of the above, withdrawals for the settlement of all transactions undertaken under the Agreement and all amounts which are payable by or on behalf of the Customer to Demeterer or any other person. It is understood that any amount payable by Demeterer to you, shall be paid directly to you to a bank account the beneficial owner of which is you. Fund transfer requests are processed by Demeterer within the time period specified on Demeterer's official website and the time needed for crediting into your personal account will depend on your bank account provider.
8.3 You agree that any amounts sent by you in the Demeterer's bank accounts, will be deposited to your trading account at the value date of the payment received and net of any charges/fees charged by the bank account providers or any other intermediary involved in such transaction process. In order for Demeterer to accept any deposits by you, the identification of the sender must by verified and ensure that the person depositing the funds is you. If these conditions are not met, Demeterer reserves the right to refund the net amount deposited via the method used by the depositor.
8.4 You, the client, acknowledge and confirm that no interest will be received on the balance of your Trading account.
8.5 You agree that we may cease to treat your funds as client funds if there has been no movement on your balance for six years. We shall write to you at your last known address informing you of our intention of no longer treating your balance as client funds and giving you 28 days to make a claim.
8.6 You agree that we shall not be liable for any default of any counterparty, bank, custodian or other entity which holds funds on your behalf or with or through whom transactions are conducted.
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Client Funds. 19.3.1. Client represents and warrants that it is acting as a principal and has legal title to all funds used in connection with the Orders, and that any Order is being undertaken in accordance with applicable law.
19.3.2. Client further represents and warrants that each use of the Services by Client is for the sole purpose of hedging or mitigating commercial risk exercised in connection with Client’s line of business.
Client Funds. 11.1. All amounts handed over by the Client to the Execution Venue, for the provision of Investment Services as in Clause 9 above, shall be held in an omnibus account named as Client Account together with money of other Clients, but not with company money, and/ or in the name of the Execution Venue on behalf of the Client in an account with an authorized credit institution or a bank or any electronic payment providers/processors which the Company shall specify from time to time (“the ‘Bank Account”) and separately from any accounts used to hold funds belonging to the Execution Venue. The Company will not be liable for any failure or insolvency of any bank or third party; however, applicable investor compensation or deposit protection schemes may protect a proportion of Client Funds with any bank or third party.
11.2. Unless the Client notifies the Execution Venue in writing or otherwise, the Execution Venue may allow a third party, such as an exchange, a clearing house or an intermediate broker to hold all control Client Funds where the Execution Venue transfers the Client Funds (a) for the purposes of a transaction for the Client through or with that person; or (b) to meet Clients’ obligations to provide collateral for a transaction (e.g., an initial margin requirement for a derivative transaction).
11.3. The Client authorizes the Execution Venue to make any deposits and withdrawals from the Client’s Account on his/ her behalf including, without prejudice to the generality of the above, withdrawals for the settlement of all transactions undertaken under the Terms and all amounts which are payable by or on behalf of the Client to the Execution Venue or any other person.
11.4. Unless the Parties otherwise agree, in writing, any amount payable by the Execution Venue to the Client, shall be paid directly to the Client.
11.5. The Execution Venue may at its discretion from time to time and without Client’s authorization set off any amounts held on Client’s behalf against the Client’s obligation to the Execution Venue and/ or merge any Accounts of the Client with the Execution Venue.
11.6. The Client has the right to withdraw the funds which are not used for margin covering, free from any obligations (Free Margin) from his/ her Account without closing the said Account.
11.7. Money transfer request (withdrawal from Trading Account) is processed within three Business Days after receiving from the Client transfer request instructions. Then the transferring amount r...
Client Funds. The client agrees that its monies and the monies of other clients of the Company will be combined and deposited by the Company in a Client Bank Account or Payment Service Providers. The client acknowledges that all monies credited to the Client Bank Account maintained by the Company may be used by the Company to meet the default on any account of the client with the Company.
Client Funds. Client funds and assets are not held by Graybridge. Graybridge requires that Client funds and assets be held at one of our designated Custodians. Graybridge will assist you in establishing an Account with the Custodian it selects. The agreements that the Client signs when opening their Account will govern their relationship with the Custodian. At any time throughout the term of this Agreement, Graybridge may remove or replace the Custodian. The Custodian will hold the Client's funds and assets, as well as document transactions that occur throughout the duration of the Service. The Client acknowledges that Graybridge is not liable for the obligations of the Custodian or any successor custodian, and that Graybridge and the Custodian have separate agreements with you allocating separate rights and obligations. Clients recognize that the services they get through the Service are sufficient consideration for them to sign into this Agreement and that it is their obligation to keep their Account in good standing. All investment checks must be made payable to the Custodian and transmitted through their website. The transmission of ACH, wire, or other investment funds to Graybridge is prohibited. Graybridge is not liable for the Custodian's actions, conduct, or omissions. Graybridge may not transfer Client funds or assets under the terms of this Agreement except as expressly permitted. If fees are deductible, Graybridge will have restricted custody.
Client Funds. 1. Funds belonging to you that will be used for trading purposes will be kept in a segregated account, or accounts with any bank or financial institution, used to accept funds that the Company will specify from time to time.
2. By accepting the Agreement, you authorize the Company to make any deposits and withdrawals from the Bank Account on your behalf, including, without prejudice to the generality of the above, withdrawals for the settlement of all transactions undertaken under the Agreement, and all amounts, which are payable by, or on behalf of the Client to the Company, or any other person.
3. It is commonly understood that any amount, payable by the Company to you, shall be paid directly to you to a bank account, the beneficial owner of which is you. Fund transfer requests are processed by the Company within the period specified on the Company’s official website, and the time needed for crediting into your personal account will depend on your bank account provider.
4. The Company retains a right of set-off and may, at its discretion, from time to time, and without your authorization, set off any amounts held on behalf and/or to the credit of you, against your obligation to the Company. Unless otherwise agreed, in writing by the Company and you, this Agreement shall not give rise to rights of credit facilities.
5. You have the right to withdraw the funds which are not used for margin covering, free from any obligations from your Account, without closing the said Account. The Company reserves the right to decline a withdrawal request, if the request is not in accordance with certain conditions, mentioned in this Agreement, or delay the processing of the request, if not satisfied on full documentation provided.
6. It is within your terms that any incurring bank fees will be paid by you, in case of funds withdrawals from your trading account to your designated bank account. You are fully responsible for the payment details that you provided to the Company and the Company accepts no responsibility if you have provided false or inaccurate bank details.
7. You agree that any amounts sent by you in the Company’s bank accounts, will be deposited to your trading account, at the value date of the payment received, and net of any charges/fees charged by the Bank Account providers, or any other intermediary involved in such transaction process. For the Company to accept any deposits by you, the identification of the sender must by verified, and ensure that the p...
Client Funds. All development funds will be held in a Trust Bank Account with the Bank of Scotland. This account will be interest bearing and the interest will be credited to the development account. In no circumstances will the bank account be allowed to be overdrawn and in the event that during the course of the year essential expenditure results in us operating significantly beyond the budget a further service charge will be issued to proprietors. All reserve / contingency funds collected are non-refundable should a proprietor sell.
Client Funds. 12.1. The Company holds a segregated account which is named as Client Account where all Clients' funds are held. The Company holds a different account for its own money separated from the Clients funds.
12.2. Unless the Client notifies the Company in writing or otherwise, the Company may allow a third party, such as an exchange, a clearinghouse or an intermediate broker to hold all controlled Client Funds where the Company transfers the Client Funds.
a) For the purposes of a transaction for the Client through or with that person; or
b) To meet Client's obligations to provide collateral for a transaction (e.g. an initial margin requirement for a derivative transaction).
12.3. The Client authorises the Company to make any deposits and withdrawals from the Client’s Account on his/ her behalf including, without prejudice to the generality of the above, withdrawals for the settlement of all transactions undertaken under the Terms and all amounts which are payable by or on behalf of the Client to the Company or any other person.
12.4. Unless the Parties otherwise agree, in writing, any amount payable by the Company to the Client, shall be paid directly to the Client’s account held with the Company.
12.5. The Client has the right to withdraw the funds which are not used for margin covering, free from any obligations (Free Margin) from his/ her Account without closing the said Account.
12.6. Money transfer request (withdrawal from Trading Account) is processed within the time frame indicated on the Company’s website, under the deposit and withdrawal section, after receiving from the Client transfer request instructions. When the transfer request process is concluded the transferring amount is reduced from the balance of the Client's Trading Account. The Client can then request a withdrawal from his Account. The Company reserves the right to decline a withdrawal request if the request is not in accordance with Clause 12.9 below or delay the processing of the request if not satisfied with the full documentation of theClient.
12.7. The Client agrees to pay any bank transfer fees which might occur when withdrawing funds from the Client’s Account and depositing them to his designated bank account. The Client must provide the Company with the payment details. The Client shall be held fully liable for his own funds if he has provided the Company with wrong and/or misleading details. The Company bears no responsibility for any funds not deposited directly into the Company...
Client Funds. When necessary, client funds shall be handled by the Agency. The Contractor shall not handle client funds.
