Common use of CLIENTS FUNDS Clause in Contracts

CLIENTS FUNDS. 1. The Available Funds are held in the client money bank account by the Product Provider, which is separate to the investor's Nominated Bank Account. We will require the Product Provider to hold your Available Funds in accordance with the rules of the Financial Conduct Authority in the United Kingdom. 2. We will conduct reasonable investigations and make reasonable enquiries concerning the financial standing of our Product Provider before we appoint him and will continue to use reasonable endeavours to monitor his financial standing and general conduct of his business for so long as the Product Provider remains appointed by us. 3. The decision as to which Product Provider to use, including changes to the Product Provider, will rest solely with us. 4. While we will typically use Product Providers that will hold our clients’ funds (including your Available Funds) in the United Kingdom, we may also, in our sole discretion and based on the Securities in which you make Instructions, appoint Product Providers to hold funds abroad. We will use reasonable endeavours to ensure that the level of protection afforded by Product Providers who hold funds abroad will be materially the same as the level of protection afforded by our Product Provider who hold funds in the United Kingdom, however you should be aware that there may be differences. 5. You agree that neither Orca nor any of our group companies, directors, staff, agents, suppliers or contractors will have any liability, of whatever nature and howsoever arising, for any loss of or reduction in your Available Funds while held by our Product Provider (including if our Product Provider should become insolvent or otherwise unable to transfer your Available Funds) or for any delay in that Product Provider transferring your Available Funds based on your Instructions. We will, however, use all reasonable endeavours to assist in efforts to recover your Available Funds, should there be a loss of or reduction in your Available Funds while held by our Product Provider.

CLIENTS FUNDS. ‌ 1. The Available Funds are held in the client money bank account by the Product Provider, which is separate to the investor's Nominated Bank Account. We will require the Product Provider to hold your Available Funds in accordance with the rules of the Financial Conduct Authority in the United Kingdom. 2. We will conduct reasonable investigations and make reasonable enquiries concerning the financial standing of our Product Provider before we appoint him and will continue to use reasonable endeavours to monitor his financial standing and general conduct of his business for so long as the Product Provider remains appointed by us. 3. The decision as to which Product Provider to use, including changes to the Product Provider, will rest solely with us. 4. While we will typically use Product Providers that will hold our clients’ funds (including your Available Funds) in the United Kingdom, we may also, in our sole discretion and based on the Securities in which you make Instructions, appoint Product Providers to hold funds abroad. We will use reasonable endeavours to ensure that the level of protection afforded by Product Providers who hold funds abroad will be materially the same as the level of protection afforded by our Product Provider who hold funds in the United Kingdom, however you should be aware that there may be differences. 5. You agree that neither Orca nor any of our group companies, directors, staff, agents, suppliers or contractors will have any liability, of whatever nature and howsoever arising, for any loss of or reduction in your Available Funds while held by our Product Provider (including if our Product Provider should become insolvent or otherwise unable to transfer your Available Funds) or for any delay in that Product Provider transferring your Available Funds based on your Instructions. We will, however, use all reasonable endeavours to assist in efforts to recover your Available Funds, should there be a loss of or reduction in your Available Funds while held by our Product Provider.

CLIENTS FUNDS. 1. The Available Funds are held in the client money bank account by the Product Provider, which is separate to the investor's Nominated Bank Account. We will require the Product Provider to hold your Available Funds in accordance with the rules of the Financial Conduct Authority in the United Kingdom. 2. We will conduct reasonable investigations and make reasonable enquiries concerning the financial standing of our Product Provider before we appoint him and will continue to use reasonable endeavours to monitor his financial standing and general conduct of his business for so long as the Product Provider remains appointed by us. 3. The decision as to which Product Provider to use, including changes to the Product Provider, will rest solely with us. 4. While we will typically use Product Providers that will hold our clients’ funds (including your Available Funds) in the United Kingdom, we may also, in our sole discretion and based on the Securities in which you make Instructions, appoint Product Providers to hold funds abroad. We will use reasonable endeavours to ensure that the level of protection afforded by Product Providers who hold funds abroad will be materially the same as the level of protection afforded by our Product Provider who hold funds in the United Kingdom, however you should be aware that there may be differences. 5. You agree that neither Orca nor any of our group companies, directors, staff, agents, suppliers or contractors will have any liability, of whatever nature and howsoever arising, for any loss of or reduction in your Available Funds while held by our Product Provider (including if our Product Provider should become insolvent or otherwise unable to transfer your Available Funds) or for any delay in that Product Provider transferring your Available Funds based on your Instructions. We will, however, use all reasonable endeavours to assist in efforts to recover your Available Funds, should there be a loss of or reduction in your Available Funds while held by our Product Provider.

CLIENTS FUNDS. ‌ 1. The Available Funds are held by the respective Product Providers (the Available Funds in relation to UK stocks are held by the UK Product Provider and the Available Funds in relation to US stocks are held by the US Product Provider) in respective nominee accounts with an approved third party’s custodian)) in the respective segregated client money bank account by the Product Provideraccount, which is separate to the investor's Nominated Bank Account. We will require the Product Provider Providers to hold your Available Funds in accordance with the rules of the Financial Conduct Authority in the United Kingdom. 2. We will conduct reasonable investigations and make reasonable enquiries concerning the financial standing of our Product Provider Providers before we appoint him them and will continue to use reasonable endeavours to monitor his their financial standing and general conduct of his their business for so long as the Product Provider remains appointed by us. 3. The decision as to which Product Provider to use, including changes to the Product Provider, will rest solely with us. 4. While we will typically use Product Providers that will hold our clients’ funds (including your Available Funds) in the United Kingdom, we may also, in our sole discretion and based on the Securities in which you make Instructions, appoint Product Providers to hold funds abroad. We will use reasonable endeavours to ensure that the level of protection afforded by Product Providers who hold funds abroad will be materially the same as the level of protection afforded by our Product Provider Providers who hold funds in the United Kingdom, however you should be aware that there may be differences. 5. You agree that neither Orca nor any of our group companies, directors, staff, agents, suppliers or contractors will have any liability, of whatever nature and howsoever arising, for any loss of or reduction in your Available Funds while held by our Product Provider Providers (including if our a Product Provider should become insolvent or otherwise unable to transfer your Available Funds) or for any delay in that Product Provider transferring your Available Funds based on your Instructions. We will, however, use all reasonable endeavours to assist in efforts to recover your Available Funds, should there be a loss of or reduction in your Available Funds while held by our Product Provider.