Client Money and Transfer of funds Sample Clauses

Client Money and Transfer of funds. 7.1 The Company ensures to promptly place any Client money segregated from the Company’s own accounts and opened with an approved bank and/or a payment provider that has been assessed by the Company and/or approved by the Company’s Management. Any Client’s money shall be paid into a segregated client bank account denoted as "Client" bank account.
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Client Money and Transfer of funds. 6.1. The Company ensures that Client funds are promptly placed in segregated bank accounts approved by the Company and/or its Management. These accounts are separate from the Company's own accounts and are designated as "Client accounts".
Client Money and Transfer of funds. 10.1. dŚĞ ŽŵƉĂŶLJ ĞŶƐƵƌĞƐ ƚŽ ƉƌŽŵƉƚůLJ ƉůĂĐĞ ĂŶLJ ůŝ accounts and opened with an approved bank and/or a payment provider that has been assessed ďLJ ƚŚĞ ŽŵƉĂŶLJ ĂŶĚͬŽƌ ĂƉƉƌŽǀĞĚ ďLJ nƚeyŚshĞal l b e ŽŵƉĂŶLJ paid into a segregated client bank account denoted as "Client" bank account.
Client Money and Transfer of funds. 7.1. The Company ensures to promptly place any Client money segregated from the Company’s own accounts and opened with an approved bank and/or a payment provider that has been assessed by the Company and/or approved by the Company’s Management. Any Client’s money shall be paid into a segregated Client bank account denoted as "Client" bank account.
Client Money and Transfer of funds. The Company ensures to promptly place any Client money segregated from the Company’s own accounts and opened with an approved bank and/or a payment provider that has been assessed by the Company and/or approved by the Company’s Management. Any Client’s money shall be paid into a segregated client bank account denoted as "Client" bank account. Unless the Client notifies the Company in writing or otherwise, the Company may pass on Client money or allow another person, such as an exchange, a clearing house or an intermediate broker, to hold or control Client money where the Company transfers the Client money (a) for the purposes of a transaction for the Client through or with that person; or (b) to meet the Client’s obligations to provide collateral for a transaction (e.g. a margin requirement for a derivative transaction). By accepting this Agreement, the Client gives his consent and authorizes the Company, where applicable, to transfer/hold his funds in other parties or business partners i.e liquidity providers for settlement purposes. The Company shall not be liable for the solvency, acts or omissions of any institution with which Client money are held. The third party to whom the Company will pass money may hold it in an omnibus account and it may not be possible to separate it from the Client’s money, or the third party’s money in which case the Client will not have any claim against a specific sum in a specific account in the event of insolvency. The Company does not accept any liability or responsibility for any resulting losses. By entering into this Agreement the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds. Any amounts transferred by the Client to the Client’s bank account will be deposited in the Client’s Account at the “value date” of the received payment and net of any deduction/charges by the Client’s bank account providers. In case the Client’s account reaches a stop-out during the processing period of the deposit, the Company bears no responsibility for any losses suffered. The Company acts in accordance with international anti-money laundering regulations and local anti-money laundering rules thus the transfer of funds and transactions are done based on these rules. For this purpose, Client’s withdrawals should be made using the same method used by the Client to fund his Client Account and to the same remitter. The Company reserves the right to decline a withdrawal with a spec...
Client Money and Transfer of funds 

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