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. 7.2 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. 7.3 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. 7.4 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. 7.5 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. 7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges. 7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person. 7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 20 contracts
Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement
Client Money and Transfer of funds. 7.1 10.1. 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.
7.2 10.2. 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 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.
7.3 10.3. 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.
7.4 10.4. By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 10.5. 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.
7.6 10.6. 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 10.7. By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 10.8. The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
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.
7.2 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 4 contracts
Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement
Client Money and Transfer of funds. 7.1 6.1. The Company ensures to that Client funds are promptly place any Client money placed in segregated from the Company’s own bank accounts and opened with an approved bank and/or a payment provider that has been assessed by the Company and/or approved by its Management. These accounts are separate from the Company’s Management. Any Client’s money shall be paid into a segregated client bank account denoted 's own accounts and are designated as "Client" bank accountClient accounts".
7.2 Unless 6.2. In order to offer the Client notifies the Company in writing or otherwisewith its Services, the Company may pass on transfer Client money or allow funds to another personparty, such as an exchange, a clearing house house, or an intermediate broker, to hold or control Client money where for the Company transfers purpose of executing the Client money (a) for the purposes of a transaction for the Client through orders or with that person; or (b) to meet meeting the Client’s obligations to provide 's collateral for a transaction (e.g. a and/or margin requirement for a derivative transaction)obligations. By accepting this Agreement, the Client gives his consent consents to and authorizes the Company, where applicable, Company to transfer/transfer or hold his their funds in with other parties or business partners i.e partners, such as liquidity providers providers, for settlement purposes.
6.3. The Although the Company shall exercise due skill, care and diligence in the selection of the financial institution, it is understood and acknowledged that there are circumstances beyond the control of the Company and hence the Company shall not be liable responsible or does not accept any liability for any losses incurred by the solvency, acts Client as a result of the insolvency or omissions any other analogous proceedings or failure of any the financial institution with which holding Client money are heldfunds.
7.3 The third party to whom 6.4. When the Company will pass money passes Client funds to a third party, those funds may hold it be held in an omnibus account and it may not be possible to separate it separable from the Client’s money, funds of other Clients or the third party’s money in which case party itself. In such cases, the Client will not have any claim against a specific claim to a particular sum in a specific account in the event of insolvency. The Company does not accept any assumes no liability or responsibility for any resulting losses.
7.4 6.5. By entering into this Agreement Agreement, the Client agrees acknowledges that the Company shall not account to the Client for profits or interest earned on Client money (other than profit gained through trading Transactions from his/her Trading Account(s) under this Agreement), and the Company will not pay the Client any interest on Client money funds or any other unencumbered funds, and the Client waives all rights to interest.
7.5 6.6. Any amounts transferred by the Client to the Client’s their bank account will be deposited in their Client Account on the Client’s Account at the “"value date” " of the received payment and payment, net of any deduction/deductions or charges imposed by the Client’s 's bank account providers. In case If the Client’s account 's Account reaches a stop-out during the deposit processing period of and before the deposit, funds being credited to the Company bears no responsibility for any losses suffered.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal requestAccount, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with responsible for any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s chargesresulting losses.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 6.7. The Client acknowledges that in case where a Client’s if their bank account is frozen for any given reason and period and for any given reason due to AML, regulatory reasons OR due to sanctions, the Company may consider freezing the Client’s Account and funds included there in until the necessary clarifications and explanations are provided and assumes no responsibility and Client’s funds will also be frozenin relation to any losses resulting from the freezing of the funds.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
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.
7.2 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 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request.
7.7 Regarding the Client’s withdrawals, the Company set minimum withdrawals requirements that the Clients should take into account when they place their withdrawal requests. The minimum withdrawals requirements stated as below: Where the Client has trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where applicablethe Client has trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where the client has no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making his available balance zero, through any means shall be subject to a fee of 20 units.
7.8 In the event that the Company requests from the client to provide a source of funds document and the Client does not comply or he/she does not provide the relevant document to be accepted by the Company according to the Anti-Money Laundering Policy of the Company, the Company reserves the right to refuse at its own discretion to accept any deposit or process any withdrawal of the funds to/from the Clients’ Account. Generally, if the Company is not satisfied with any documentation (e.g. source of funds) provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable applicable regulations, then the Company will reverse the withdrawal deposit transaction and deposit refund the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting 7.9 In cases that the company has reasonable grounds for suspecting that a Client violates applicable international anti-money laundering regulations and local anti-money laundering rules or if the Company consider the clients’ depositing and withdrawing transactions as unusual or in breach with the content of this Agreement, the Client gives his consent and authorizes Company has the right to withhold the respective amounts from Client’s funds or proceed with a refund requesting at the same time from the client to indemnify the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement for any direct or indirect losses incurred as a result of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other personhis activities.
7.8 7.10 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 3 contracts
Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement
Client Money and Transfer of funds. 7.1
8.1 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.
7.2 8.2 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.
7.3 8.3 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.
7.4 8.4 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.
7.5 8.5 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.
7.6 8.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 8.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 8.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
8.9 The Client acknowledges that payments to and from their trading account may be processed by SC Afterprime Limited a Cyprus incorporated company with registration number HE 615319 and registered office at Archiepiskopou Makariou ΙΙΙ, 000, 0xx Xxxxx, 0000, Xxxxxxxx, Xxxxxx.
Appears in 2 contracts
Samples: Client Services Agreement, Client Services Agreement
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.
7.2 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 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request.
7.7 Regarding the Client’s withdrawals, the Company set minimum withdrawals requirements that the Clients should take into account when they place their withdrawal requests. The minimum withdrawals requirements stated as below: Where the Client has trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where applicablethe Client has trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where the client has no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making his available balance zero, through any means shall be subject to a fee of 20 units.
7.8 In the event that the Company requests from the client to provide a source of funds document and the Client does not comply or he/she does not provide the relevant document to be accepted by the Company according to the Anti-Money Laundering Policy of the Company, the Company reserves the right to refuse at its own discretion to accept any deposit or process any withdrawal of the funds to/from the Clients’ Account. Generally, if the Company is not satisfied with any documentation (e.g. source of funds) provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable applicable regulations, then the Company will reverse the withdrawal deposit transaction and deposit refund the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting 7.9 In cases that the company has reasonable grounds for suspecting that a Client violates applicable international anti-money laundering regulations and local anti-money laundering rules or if the Company consider the clients’ depositing and withdrawing transactions as unusual or in breach with the content of this Agreement, the Client gives his consent and authorizes Company has the Company right to make deposits and withdrawals withhold the respective amounts from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozenor proceed with a refund requesting at the same time from the client to indemnify the Company for any direct or indirect losses incurred as a result of his activities.
Appears in 2 contracts
Samples: Client Services Agreement, Client Services Agreement
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.
7.2 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.
7.3 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.
7.4 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.
7.5 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.
7.6 The Company acts in accordance with international anti-money laundering regulations and local anti-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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 2 contracts
Samples: Client Service Agreement, Client Services Agreement
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.
7.2 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.
7.3 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.
7.4 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.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.suggest
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 2 contracts
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.
7.2 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request.
7.7 In the event that the Company requests from the client to provide a source of funds document and the Client does not comply or he/she does not provide the relevant document to be accepted by the Company according to the Anti-Money Laundering Policy of the Company, the Company reserves the right to refuse at its own discretion to accept any deposit or process any withdrawal of the funds to/from the Clients’ Account. Where applicableGenerally, if the Company is not satisfied with any documentation (e.g. source of funds) provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable applicable regulations, then the Company will reverse the withdrawal deposit transaction and deposit refund the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting 7.8 In cases that the company has reasonable grounds for suspecting that a Client violates applicable international anti-money laundering regulations and local anti-money laundering rules or if the Company consider the clients’ depositing and withdrawing transactions as unusual or in breach with the content of this Agreement, the Client gives his consent and authorizes Company has the right to withhold the respective amounts from Client’s funds or proceed with a refund requesting at the same time from the client to indemnify the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement for any direct or indirect losses incurred as a result of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other personhis activities.
7.8 7.9 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in the case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 9.1. 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.
7.2 9.2. 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.
7.3 9.3. 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.
7.4 9.4. By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 9.5. 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.
7.6 9.6. The Company acts in accordance with international anti-money laundering regulations and local anti-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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 9.7. By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 9.8. The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Agreement
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.
7.2 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 The Company acts in accordance with international anti-money laundering regulations and local anti-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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.not
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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). .
7.3 By accepting this Agreement, the Client gives his consent and authorizes the Company, where applicable, to transfer/hold his and process client’s funds in other parties or business partners i.e i.e. banks and/or other payment service providers and/or liquidity providers for settlement purposesproviders. The Company shall not be liable for the solvency, acts or omissions of any institution with which Client money are held.
7.3 7.4 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.
7.4 7.5 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.
7.5 7.6 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.
7.6 7.7 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 7.8 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 7.9 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 8.1 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.own
7.2 8.2 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 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.
7.3 8.3 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.
7.4 8.4 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.
7.5 8.5 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
7.6 8.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.these
7.7 8.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 8.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request.
7.7 Regarding the Client’s withdrawals, the Company set minimum withdrawals requirements that the Clients should take into account when they place their withdrawal requests. The minimum withdrawals requirements stated as below: Where the Client has trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where applicablethe Client has trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where the client has no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making his available balance zero, through any means shall be subject to a fee of 20 units.
7.8 In the event that the Company requests from the client to provide a source of funds document and the Client does not comply or he/she does not provide the relevant document to be accepted by the Company according to the Anti-Money Laundering Policy of the Company, the Company reserves the right to refuse at its own discretion to accept any deposit or process any withdrawal of the funds to/from the Clients’ Account. Generally, if the Company is not satisfied with any documentation (e.g. source of funds) provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable applicable regulations, then the Company will reverse the withdrawal deposit transaction and deposit refund the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting 7.9 In cases that the company has reasonable grounds for suspecting that a Client violates applicable international anti-money laundering regulations and local anti-money laundering rules or if the Company consider the clients’ depositing and withdrawing transactions as unusual or in breach with the content of this Agreement, the Client gives his consent and authorizes Company has the right to withhold the respective amounts from Client’s funds or proceed with a refund requesting at the same time from the client to indemnify the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement for any direct or indirect losses incurred as a result of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other personhis activities.
7.8 7.10 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 donebased 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Clientclient’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request.
7.7 Regarding the Client’s withdrawals, the Company set minimum withdrawals requirements that the Clients should take into account when they place their withdrawal requests. The minimum withdrawals requirements stated as below: Where the Client has trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where applicablethe Client has trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where the client has no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making his available balance zero, through any means shall be subject to a fee of 20 units.
7.8 The maximum amount for withdrawal on a monthly basis, when there is available balance in your account, shall not exceed 200.000 currency units.
7.9 In the event that the Company requests from the client to provide a source of funds document and the Client does not comply or he/she does not provide the relevant document to be accepted by the Company according to the Anti-Money Laundering Policy of the Company, the Company reserves the right to refuse at its own discretion to accept any deposit or process any withdrawal of the funds to/from the Clients’ Account. Generally, if the Company is not satisfied with any documentation (e.g. source of funds) provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable applicable regulations, then the Company will reverse the withdrawal deposit transaction and deposit refund the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting 7.10 In cases that the company has reasonable grounds for suspecting that a Client violates applicable international anti-money laundering regulations and local anti-money laundering rules or if the Company consider the clients’ depositing and withdrawing transactions as unusual or in breach with the content of this Agreement, the Client gives his consent and authorizes Company has the right to withhold the respective amounts from Client’s funds or proceed with a refund requesting at the same time from the client to indemnify the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement for any direct or indirect losses incurred as a result of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other personhis activities.
7.8 7.11 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 8.1 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.
7.2 8.2 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.partners
7.3 8.3 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.
7.4 8.4 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.
7.5 8.5 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.
7.6 8.6 The Company acts in accordance with international anti-money laundering regulations and local anti-money mon- ey 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction transac- tion and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 8.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 8.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 8.1 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.
7.2 8.2 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 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 is held.
7.3 8.3 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.
7.4 8.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 8.5 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.
7.6 8.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request seek further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulationsRegulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 8.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 8.8 The Client acknowledges that in case cases where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and the Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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 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.
7.3 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.
7.4 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.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting signing this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 . 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.
7.3 . 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.
7.4 . 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.
7.5 . 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.
7.6 . 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 . By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 . The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 6.1 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 third-party ( e.g bank/ electronic money institution/ payment provider service provider, liquidity 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.
7.2 6.2 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.
7.3 6.3 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.
7.4 6.4 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.
7.5 6.5 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.
7.6 6.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 6.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 6.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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 Client Services Agreement 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.
7.3 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.
7.4 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.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 9.1. 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.
7.2 9.2. 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 orcontrol 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.
7.3 9.3. 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.
7.4 9.4. By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client onClient money or any other unencumbered funds.
7.5 9.5. 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.
7.6 9.6. 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 Forthis purpose, the Client’s withdrawals should be made using the same method used by the Client to fund his fundhis Client Account and to the same remitter. The Company reserves the right to decline a withdrawal with a specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 9.7. By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and depositsand withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 9.8. The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Agreement
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.
7.2 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 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request.
7.7 Regarding the Client’s withdrawals, the Company set minimum withdrawals requirements that the Clients should take into account when they place their withdrawal requests. The minimum withdrawals requirements stated as below: Where the Client has trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where applicablethe Client has trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where the client has no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making his available balance zero, through any means shall be subject to a fee of 20 units.
7.8 The maximum amount for withdrawal on a monthly basis, when there is available balance in your account, shall not exceed 200.000 currency units.
7.9 In the event that the Company requests from the client to provide a source of funds document and the Client does not comply or he/she does not provide the relevant document to be accepted by the Company according to the Anti-Money Laundering Policy of the Company, the Company reserves the right to refuse at its own discretion to accept any deposit or process any withdrawal of the funds to/from the Clients’ Account. Generally, if the Company is not satisfied with any documentation (e.g. source of funds) provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable applicable regulations, then the Company will reverse the withdrawal deposit transaction and deposit refund the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting 7.10 In cases that the company has reasonable grounds for suspecting that a Client violates applicable international anti-money laundering regulations and local anti-money laundering rules or if the Company consider the clients’ depositing and withdrawing transactions as unusual or in breach with the content of this Agreement, the Client gives his consent and authorizes Company has the Company right to make deposits and withdrawals withhold the respective amounts from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozenor proceed with a refund requesting at the same time from the client to indemnify the Company for any direct or indirect losses incurred as a result of his activities.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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.
7.3 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.
7.4 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.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Service Agreement
Client Money and Transfer of funds. 7.1 8.1 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 Managementmanagement. Any Client’s money shall be paid into a segregated client bank account denoted as "“Client" ” bank account.
7.2 8.2 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 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.
7.3 8.3 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.
7.4 8.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 8.5 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.
7.6 8.6 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 remitterremitter on a pro rata basis commensurate to the size of each initial deposit. In case if any deposit was made using a bank card, the Company reserves the right to process withdrawal requests only to such bank card until up to the total amount of initial deposit(s) using the bank card is withdrawn. The Company reserves the right to decline a withdrawal with a specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request. The Company does not allow any transactions made by the third parties, and the Company will not accept any deposits made from the card, bank account or any other account open not in the name of the Client.
8.7 Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulationsRegulations, then the Company will reverse the withdrawal transaction and the Client might suffer the relevant payment provider’s fees and charges.
8.8 In case the Client performs a withdrawal without any trading activity from the last deposit made, or his trading activity does not bears usual market risk or was made without any economical purpose, or if the amount back Client is found to be involved in any other form of abuse, including abuse the Company’s deposit and withdrawal rules, the Company reserves the right to apply relevant deposit and/ or withdrawal fees to the Client’s Account account, including retroactively, and the recover deposit fees from past transactions, at its sole discretion. The Client will suffer the relevant Client’s bank account provider’s chargesbe notified via email about processed withdrawal requests and applied fees (if any).
7.7 8.9 By accepting signing this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 8.10 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
8.11 MV Technologies Ltd, registration number HE 450318, address: 000 Xxxxxxxxxxxxxx Xxxxxxxx XXX Xxxxxx, Xxxxx Xxxxx, 0000, Xxxxxxxx, Xxxxxx, (hereinafter – the “Merchant Company”) is the partner company, which provides certain content and operates the business including in terms of processing certain payment transactions which the Client can make to the Company. Any Company may, at its sole discretion, process any deposit and withdrawal transaction either on its own or through the Merchant Company. The Client will be informed how each particular transaction is processed, where applicable.
8.12 Any transaction processed by the Merchant Company shall be considered as made directly to or from the Company. The fact that the Merchant Company processed any transactions shall not reduce any of the Company’s or Client’s rights or obligations under this Agreement.
8.13 Client shall refer only to the Company all questions relating to the deposit and withdrawal transactions, even if such transactions were processed by the Merchant Company.
8.14 In both cases, the list of the payment methods both for deposits and withdrawals at any given moment of time depends solely on the technical capabilities and availability of such methods with the payment providers the Company works with. The company shall be held liable and shall not be responsible for any losses in case if the Client was unable to complete any financial transaction where any payment method is unavailable because of the maintenance, being disabled by the payment provider or for any other reason. Information about the payment methods availability is present on the relevant deposit/withdrawal page or shall be communicated by the Company to the Client directly via email.
8.15 In certain countries/regions the Company might offer as a method to deposit and/or withdraw the services of professional individuals or entities specializing in facilitating payment transaction to/from CFD brokers (the “Payment Agents”). The list of available Payment Agents depends on the Client’s country of residence and can be found in the client area of the Company’s Website.
8.16 All Payment Agents are independent third parties, and never shall be considered as the Company’s, employee, officer, agent or representative. The Company shall not bear any responsibility for any financial transactions conducted through Payment Agents and shall not be held liable for any losses suffered due to actions or inaction of the Payment Agent. The Client agrees and acknowledges that Payment Agents might have fees and charges from the amount of deposit or withdrawal, and use exchange rate that differ from those used by the Company, and the Company has no control over the fees, charges or the rates of the Payment Agents. The Client shall communicate directly with the Payment Agent regarding any financial transactions made through Payment Agent, the level of fees, charges and rates used, as well as regarding any disputes and claims. The Client confirms that he understands that the Company should never be a party to any claim or dispute pertaining to deposit or withdrawal made through Payment Agent.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 6.1 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 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.
7.3 6.2 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.
7.4 6.3 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.
7.5 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.
7.6 6.4 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 6.5 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 6.6 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request.
7.7 Regarding the Client’s withdrawals, the Company set minimum withdrawals requirements that the Clients should take into account when they place their withdrawal requests. The minimum withdrawals requirements stated as below: Where the Client has trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where applicablethe Client has trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where the client has no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making his available balance zero, through any means shall be subject to a fee of 20 units.
7.8 The maximum amount for withdrawal on a monthly basis, when there is available balance in your account, shall not exceed 200.000 currency units.
7.9 In the event that the Company requests from the client to provide a source of funds document and the Client does not comply or he/she does not provide the relevant document to be accepted by the Company according to the Anti-Money Laundering Policy of the Company, the Company reserves the right to refuse at its own discretion to accept any deposit or process any withdrawal of the funds to/from the Clients’ Account. Generally, if the Company is not satisfied with any documentation (e.g. source of funds) provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable applicable regulations, then the Company will reverse the withdrawal deposit transaction and deposit refund the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting 7.10 In cases that the company has reasonable grounds for suspecting that a Client violates applicable international anti-money laundering regulations and local anti-money laundering rules or if the Company consider the clients’ depositing and withdrawing transactions as unusual or in breach with the content of this Agreement, the Client gives his consent and authorizes Company has the right to withhold the respective amounts from Client’s funds or proceed with a refund requesting at the same time from the client to indemnify the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement for any direct or indirect losses incurred as a result of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other personhis activities.
7.8 7.11 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
7.12 When the Company receives a withdrawal request which needs updated banking details from the Client in order to be executed, the Company will send an email to the Client requesting from the Client to provide his banking details within three (3) business days, otherwise the withdrawal request will be rejected by the Company on the fourth (4th) business day after the Client received the Company’s email.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 9.1. 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.
7.2 9.2. 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.
7.3 9.3. 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.
7.4 9.4. By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 9.5. 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.
7.6 9.6. 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 9.7. By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 9.8. The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Agreement
Client Money and Transfer of funds. 7.1 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 Client bank account denoted as "Client" bank account.
7.2 7.2. 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 house, or an intermediate broker, to hold or control Client money where the Company transfers the Client money money: (a) for the purposes of a transaction Transaction for the Client through or with that person; or (b) to meet the Client’s obligations to provide collateral for a transaction Transaction (e.g. a margin Margin requirement for a derivative transactionTransaction). By accepting this Agreement, the Client gives his their consent and authorizes the Company, where applicable, to transfer/hold his their funds in to/with other parties or business partners i.e partners, i.e. liquidity providers for settlement purposes. The Company shall not be liable for the solvencyinsolvency, acts acts, or omissions of any institution with which Client money are held.
7.3 7.3. 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.
7.4 7.4. By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 7.5. 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 Account reaches a stop-out during the processing period of the deposit, the Company bears no responsibility for any losses suffered.
7.6 7.6. The Company acts in accordance with international anti-money laundering regulations and local anti-anti- money laundering rules thus rules; thus, the transfer of funds and transactions are done based on these said rules. For this purpose, Client’s withdrawals should be made using the same method used by the Client to fund his their Client Account and to the same remitter. The Company reserves the right to decline a withdrawal with a specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 7.7. By accepting this Agreement, the Client gives his their consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 7.8. The Client acknowledges that in the case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 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.
7.2 7.2. 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.
7.3 7.3. 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.
7.4 7.4. 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.
7.5 7.5. 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.
7.6 7.6. 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By 0.0. Xx accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 7.8. The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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 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.
7.3 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.
7.4 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.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 15.1. The Company ensures to shall promptly place any Client money in an Account that is segregated from the Company’s own accounts 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 All Client funds deposited for the provision of trading services shall be paid into a segregated client bank account denoted as "Client" bank accountAccount.
7.2 15.2. The Company may hold Client money and the money of other clients in the same Account (omnibus Account).
15.3. Unless the Client notifies the Company in writing or otherwise, the Company may pass on Client money or allow another personto a third party (i.e. intermediate broker, such as an exchangebank, a e-wallet, payment service provider, market, settlement agent, clearing house or an intermediate brokerOTC counterparty) who may have a security interest, lien or right of setoff in relation to hold or control Client that money.
15.4. Client’s 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 may be held on the Client’s obligations behalf with a third party located within or outside Saint Xxxxxxx and the Grenadines. The legal and regulatory regime applying to provide collateral for a transaction (e.g. a margin requirement for a derivative transaction). By accepting this Agreementany such person outside Saint Xxxxxxx and the Grenadines will be different from that of Saint Xxxxxxx and the Grenadines and in the event of the insolvency or any other equivalent failure of that person, the Client gives his consent Client’s money may be treated differently from the treatment which would apply if the money was held in Saint Xxxxxxx and authorizes the Company, where applicable, to transfer/hold his funds in other parties Grenadines or business partners i.e liquidity providers for settlement purposesby the Company directly. The Company shall will not be liable for the solvencyinsolvency, acts acts, or omissions of any institution with which Client money are heldthird party referred to in this paragraph.
7.3 15.5. The third party to whom the Company will pass money may hold it in an omnibus account Account and it may not be possible to separate it from the other Client’s money, or the third party’s money money. In the event of the insolvency or any other analogous proceedings in which case relation to that third party, the Company may only have an unsecured claim against the third party on behalf of Client and our other clients, and the Client will not have any claim against a specific sum be exposed to the risk that the money received by the Company from the third party is insufficient to satisfy the claims of the Client and all other clients with claims in a specific account in respect of the event of insolvencyrelevant Account. The Company does not accept any liability or responsibility for any resulting direct or consequential losses.
7.4 By entering into this Agreement the Client agrees that the 15.6. The Company will shall not pay the Client interest on Client money that is credited or deposited into the segregated Client Account(s) by the Company, and the Company may deposit Client money in overnight deposits. You hereby consent that the Company is permitted to keep any other unencumbered fundsinterest accrued.
7.5 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.
7.6 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 remitter15.7. The Company reserves the right shall not Account to decline a withdrawal with a specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, for profits or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the interest earned on Client’s Account money (other than profit gained through trading Transactions from his Client Account(s) under this Agreement) and the Client will suffer the relevant Client’s bank account provider’s chargeswaives all right to interest.
7.7 By accepting this 15.8. Upon signing or acceptance of the Customer Agreement, the Client gives his consent and authorizes hereby authorises the Company to make process any deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or “Client Bank Account(s) on behalf of the ClientCompany including, and without prejudice to, the generality of the above, withdrawals for payment the settlement of all transactions undertaken under the Client Agreement, and all amounts due which are payable by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Trading Agreement
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.
7.2 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.
7.3 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.
7.4 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.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
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.
7.2 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.
7.3 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.
7.4 By entering into this Agreement Agreement, the Client agrees that the Company will not pay the Client interest on Client money or any other unencumbered funds.
7.5 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.
7.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, request or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
Appears in 1 contract
Samples: Client Services Agreement
Client Money and Transfer of funds. 7.1 8.1 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.
7.2 8.2 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 is held.
7.3 8.3 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.
7.4 8.4 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.
7.5 8.5 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.
7.6 8.6 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 specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request. Where applicable, if the Company is not satisfied with any documentation provided by the Client or if the company has reasonable grounds for suspecting that a Client violates Applicable regulations, then the Company will reverse the withdrawal transaction and deposit the amount back to the Client’s Account and the Client will suffer the relevant Client’s bank account provider’s charges.
7.7 8.7 By accepting this Agreement, the Client gives his consent and authorizes the Company to make deposits and withdrawals from the Client’s bank account on the Client’s behalf, including but not limited to, the settlement of transactions performed by or on behalf of the Client, for payment of all amounts due by or on behalf of the Client to the Company or any other person.
7.8 8.8 The Client acknowledges that in case where a Client’s bank account is frozen for any given period and for any given reason the Company assumes no responsibility and Client’s funds will also be frozen.
8.9 The Client acknowledges that funds may not be withdrawn from any of their accounts for a thirty (30) day period following confirmation of account funding from the Finance Department unless exclusively expressed by a Representative of the Company in Writing.
Appears in 1 contract
Samples: Client Agreement
