Client Funds. 18.3.1. 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.
Client Funds. 12.1 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 authorised 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.
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.
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. All client funds shall be handled by the Purchaser or Protective Payee. The Provider shall not handle client funds.
Client Funds. 21.1. Funds belonging to you that will be used for trading purposes will be kept in an account with any bank or financial institution used to accept funds and will be held in the Company’s name. It is understood that the Company may hold funds on behalf of you in a bank established outside the European Union. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency or any other analogous events in relation to that bank, your funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause.
Client Funds. Client funds We treat funds received from you or held by us on your behalf in accordance with the requirements of the relevant 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 used to accept funds which Nasr Trade LTD will specify from time to time and will be held in Nasr Trade LTD s name. By accepting this Agreement, you authorize Nasr Trade LTD 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 Nasr Trade LTD or any other person. It is understood that any amount payable by Nasr Trade LTD 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 Nasr Trade LTD within the time period specified on Nasr Trade LTD’s official website and the time needed for crediting into your personal account will depend on your bank account provider. You agree that any amounts sent by you in the Nasr Trade LTD’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 Nasr Trade LTD 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, Nasr Trade LTD reserves the right to refund the net amount deposited via the method used by the depositor. Interest You, the client, acknowledge and confirm that no interest will be received on the balance of your account. Overseas banks, intermediate broker, settlement agent or OTC counterparty We will endeavor to hold client funds on your behalf within the European Union, however we may also hold your funds in a bank established outside the European Union. The legal and regulatory regime applying to any such bank or person might be different from the legal and regulatory regime in the European Union and in the event of the insolvency or any other analogous proceedings in relation to that bank or person, your funds may be treated differently from the treatment which would apply if the fun...
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. When necessary, client funds shall be handled by the Agency. The Contractor shall not handle client funds.
