Client’s money. For your protection we do not handle client money. We never accept a cheque made out to us (unless it’s a cheque in settlement of charges or disbursements for which we have sent you an invoice) or handle cash. Right to amend. We reserve the right to amend the terms under which we provide financial services at any time. We will notify you of any changes prior to conducting any business under the amended terms. Any variations to the standard terms and conditions of business will only be accepted if in writing and signed by a Director of the Company.
Client’s money. 19.1. A Client’s Money shall always be treated in accordance with the applicable Client Money rules and therefore, Client’s monetary funds will be segregated from the Company’s own money/funds and cannot and will not be used during the Company’s business.
Client’s money. For your protection we do not handle client money. We never accept a cheque made out to us (unless it’s a cheque in settlement of charges or disbursements for which we have sent you an invoice) or handle cash.
Client’s money. 7.5.1 All money transferred to Doo Prime by the Client shall be known as “Client Money” for the purposes of this Agreement.
Client’s money a. Funds belonging to the Client that will be used for trading purposes will be kept in an account with any bank or financial institution used to accept funds which the Company will specify from time to time and will be held in the Clients’ denominated bank accounts.
Client’s money. 7.1. Client`s funds ‘the Funds’ held on the Trading Account, will be deposited in an institution “the Institution”, specified by the Company on the Client’s behalf. The Funds will be segregated by the Company and held in accordance with applicable regulations in a segregated account. The Company may hold the Funds of different Clients in the same account as per the applicable regulations.
Client’s money. 15.1. A Client’s Money shall be treated, at all times, in accordance with the applicable ‘Client Money’ rules.
Client’s money. 4.1 AML - QFS shall neither receive nor disburse Customer’s funds in cash currency or cash equivalents. All transactions between Customer and QFS shall be performed by wire, Automatic Clearing House (“ACH”) or other method in which the identities of both the sending and receiving parties can be verified by QFS and which QFS, in its sole discretion, shall deem appropriate. QFS shall perform deposit/withdrawal transactions only between Customer’s QFS Account and another Account which is held in Customer’s name or of which Customer clearly demonstrates ownership to QFS. In order to prevent money laundering, fraud, and other unauthorized activity, QFS may limit Customer’s withdrawal options.
Client’s money. (Safeguarding) Client’s funds which will be used for the provision of Service(s) shall be held with the Company in the name of the Client in special client denominated accounts (further – Bank account) with reliable financial institutions (within or outside Cyprus or the EEA). These funds will be segregated from the Company’s funds and shall not be used for any other purpose. Company will not be held liable for the insolvency, act or omissions of any bank or other third party holding Client’s funds. The Client’s funds in accordance with the provisions of paragraph 11.1 may be held with the funds of other Clients in a pooled Bank account, and although segregated from the Company’s own funds it may not be segregated from the funds held for other clients within the relevant Bank account. Consequently, in the event of default on the part of the bank or other institution, which causes a shortfall in the funds held in the pooled Bank account, the Client may share proportionately in that shortfall. The Client authorizes the Company to make deposits and/or withdrawals from the Bank account on his behalf including, without prejudice to the generality of the above, withdrawals for settlement of all transactions undertaken by this Agreement and all amounts payable by or on behalf of the Client to the Company or to any other third party. The Company retains a right of set off and may, at its discretion, from time to time and without the Client’s authorization, set-off any amounts held on behalf and/or to the credit of the Client against the Client’s obligation to the Company and/or merge any accounts of the Client with the Company. Unless otherwise agreed in writing by the Company and the Client, this Agreement shall not give rise to any rights other than those set out herein or to any credit facilities. The Client has the right to withdraw the funds, which are not used for margin covering, free from any obligations from his account without closing the said account. The funds transfer (withdrawal from Trading Account) is achieved within 24 hours after receiving from the Client a withdrawal request instruction. Then the transferring amount reduces the balance of the Client's Trading Account on the day the withdrawal request is processed. The Company reserves the right to decline a withdrawal request if the request is not in accordance with this Agreement or to delay the processing of the request if not satisfied with full documentation of the Client. The Client agrees ...
Client’s money. 7.1 We have chosen not to seek authorisation to handle Clients’ money. This means that We are unable to accept cash or a cheque made out to Xxxxxxxxx-Xxxx Ltd, unless it is a cheque in settlement of charges or disbursements for which We have submitted an invoice. We do not handle cash and request that all cheques for investment are drawn in favour of the Institution concerned.
