Common use of Client Funds Clause in Contracts

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 funds was held with a bank in an account in the European Union. We will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. Unclaimed client funds 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. Liability and Indemnity 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. Nasr Trade LTD will not be liable for loss suffered by you in connection to your funds held by us, unless such loss directly arises from our gross negligence, willful default or fraud. Set-off on default If there is an Event of Default or this Agreement terminates, we shall set-off the balance of amounts owed by us to you against your obligations (as reasonably valued by us). The net amount, if any, payable between us following such set-off, shall take into account the Liquidation Amount payable under Clause 16 (Netting). Further assurance You agree to execute such further documents and to take such further steps as we may reasonably require to perfect our security interest over and obtain legal title to the Secured Obligations. Negative pledge You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held. General lien In addition and without prejudice to any rights to which we may be entitled under this Agreement or any Applicable Regulations, we shall have a general lien on all cash held by us or our Associates or our nominees on your behalf until the satisfaction of the Secured Obligations.

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 Namir Trade LTD will specify from time to time and will be held in Nasr Namir Trade LTD s name. By accepting this Agreement, you authorize Nasr Namir 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 Namir Trade LTD or any other person. It is understood that any amount payable by Nasr Namir 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 Namir Trade LTD within the time period specified on Nasr Namir 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 Namir 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 Namir 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 Namir 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 funds was held with a bank in an account in the European Union. We will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. Unclaimed client funds 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. Liability and Indemnity 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. Nasr Namir Trade LTD will not be liable for loss suffered by you in connection to your funds held by us, unless such loss directly arises from our gross negligence, willful default or fraud. Set-off on default If there is an Event of Default or this Agreement terminates, we shall set-off the balance of amounts owed by us to you against your obligations (as reasonably valued by us). The net amount, if any, payable between us following such set-off, shall take into account the Liquidation Amount payable under Clause 16 (Netting). Further assurance You agree to execute such further documents and to take such further steps as we may reasonably require to perfect our security interest over and obtain legal title to the Secured Obligations. Negative pledge You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held. General lien In addition and without prejudice to any rights to which we may be entitled under this Agreement or any Applicable Regulations, we shall have a general lien on all cash held by us or our Associates or our nominees on your behalf until the satisfaction of the Secured Obligations.

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 Universe Trading LLC will specify from time to time and will be held in Nasr Trade LTD s Universe Trading LLC name. By accepting this Agreement, you authorize Nasr Trade LTD Universe Trading LLC 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 Universe Trading LLC or any other person. It is understood that any amount payable by Nasr Trade LTD Universe Trading LLC to you, shall be paid directly to you to a bank account the beneficial owner of which is youyou or alternatively via cryptocurrency payment to a VERIFIED WALLET. Fund transfer requests are processed by Nasr Trade LTD Universe Trading LLC within the time period specified on Nasr Trade LTD’s Universe Trading LLC official website (7 working days) 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 Universe Trading LLC 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 Universe Trading LLC 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 Universe Trading LLC 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 funds was held with a bank in an account in the European Union. We will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. Unclaimed client funds 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. Liability and Indemnity 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. Nasr Trade LTD The Company will not be liable for loss suffered by you in connection to your funds held by us, unless such loss directly arises from our gross negligence, willful default or fraud. Set-off on default If there is an Event of Default or this Agreement terminates, we shall set-off the balance of amounts owed by us to you against your obligations (as reasonably valued by us). The net amount, if any, payable between us following such set-off, shall take into account the Liquidation Amount payable under Clause 16 (Netting). Further assurance You agree to execute such further documents and to take such further steps as we may reasonably require to perfect our security interest over and obtain legal title to the Secured Obligations. Negative pledge You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held. General lien In addition and without prejudice to any rights to which we may be entitled under this Agreement or any Applicable Regulations, we shall have a general lien on all cash held by us or our Associates or our nominees on your behalf until the satisfaction of the Secured Obligations.

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 Blue Sun Capital Ltd will specify from time to time and will be held in Nasr Trade LTD Blue Sun Capital Ltd s name. By accepting this Agreement, you authorize Nasr Trade LTD Blue Sun Capital 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 Blue Sun Capital Ltd or any other person. It is understood that any amount payable by Nasr Trade LTD Blue Sun Capital 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 Blue Sun Capital Ltd within the time period specified on Nasr Trade LTDBlue Sun Capital 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 LTDBlue Sun Capital 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 Blue Sun Capital 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 Blue Sun Capital 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 funds was held with a bank in an account in the European Union. We will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. Unclaimed client funds 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. Liability and Indemnity 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. Nasr Trade LTD Blue Sun Capital Ltd will not be liable for loss suffered by you in connection to your funds held by us, unless such loss directly arises from our gross negligence, willful default or fraud. Set-off on default If there is an Event of Default or this Agreement terminates, we shall set-off the balance of amounts owed by us to you against your obligations (as reasonably valued by us). The net amount, if any, payable between us following such set-off, shall take into account the Liquidation Amount payable under Clause 16 (Netting). Further assurance You agree to execute such further documents and to take such further steps as we may reasonably require to perfect our security interest over and obtain legal title to the Secured Obligations. Negative pledge You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held. General lien In addition and without prejudice to any rights to which we may be entitled under this Agreement or any Applicable Regulations, we shall have a general lien on all cash held by us or our Associates or our nominees on your behalf until the satisfaction of the Secured Obligations.

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 AGG will specify from time to time and will be held in Nasr Trade LTD s AGG's name. By accepting this Agreement, you authorize Nasr Trade LTD AGG 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 AGG or any other person. It is understood that any amount payable by Nasr Trade LTD AGG 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 AGG within the time period specified on Nasr Trade LTD’s AGG'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 AGG'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 AGG 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 AGG 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 funds was held with a bank in an account in the European Union. We will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. Unclaimed client funds 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. Liability and Indemnity 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. Nasr Trade LTD will not be liable for loss suffered by you in connection to your funds held by us, unless such loss directly arises from our gross negligence, willful default or fraud. Set-off on default If there is an Event of Default or this Agreement terminates, we shall set-off the balance of amounts owed by us to you against your obligations (as reasonably valued by us). The net amount, if any, payable between us following such set-off, shall take into account the Liquidation Amount payable under Clause 16 (Netting). Further assurance You agree to execute such further documents and to take such further steps as we may reasonably require to perfect our security interest over and obtain legal title to the Secured Obligations. Negative pledge You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held. General lien In addition and without prejudice to any rights to which we may be entitled under this Agreement or any Applicable Regulations, we shall have a general lien on all cash held by us or our Associates or our nominees on your behalf until the satisfaction of the Secured Obligations.