Common use of Client’s money Clause in Contracts

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. b. It is understood that the Company may hold funds on behalf of the Client in a bank established outside the European Union. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency or any other analogous events in relation to that bank, Client’s funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. c. Funds belonging to the Client that will be used for execution of Client’s transactions through EU regulated investment firms will be kept in bank accounts maintained by the EU investment firms. In particular, the Client’s funds will be transferred to the EU investment firm through which clients’ transactions will be performed in order to meet Client’s obligation to provide collateral for a transaction (for example, an initial margin requirement). It is understood that the Company will ensure that the EU investment firm follows equivalent procedures with the Company as regards safeguarding of clients’ funds. In particular, the Company shall ensure that the EU investment firm keeps clients’ funds in segregated bank accounts in order to be separated from its own funds and that regular reconciliations are performed as regards clients’ funds. 14.1 The following steps have been taken by the Company in order to ensure the protection of Clients’ financial instruments or funds: a. Segregation and Denomination of Clients’ Accounts: As per the provisions of paragraph above of the Agreement above, 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 Clients’ denominated bank accounts, segregated from the Company’s own funds.

Client’s money. a. 16.1. 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. b. 16.2. It is understood that the Company may hold funds on behalf of the Client in a bank established outside the European Union. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency or any other analogous events in relation to that bank, Client’s funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. c. 16.3. Funds belonging to the Client that will be used for execution of Client’s transactions through EU regulated investment firms will be kept in bank accounts maintained by the EU investment firms. In particular, the Client’s funds will be transferred to the EU investment firm through which clients’ transactions will be performed in order to meet Client’s obligation to provide collateral for a transaction (for example, an initial margin requirement). It is understood that the Company will ensure that the EU investment firm follows equivalent procedures with the Company as regards safeguarding of clients’ funds. In particular, the Company shall ensure that the EU investment firm keeps clients’ funds in segregated bank accounts in order to be separated from its own funds and that regular reconciliations are performed as regards clients’ funds. 14.1 16.4. The following steps have been taken by the Company in order to ensure the protection of Clients’ financial instruments or funds: a. a) Segregation and Denomination of Clients’ Accounts: As per the provisions of paragraph above of the Agreement above, 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 Clients’ denominated bank accounts, segregated from the Company’s own funds.

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. b. It is understood that the Company may hold funds on behalf of the Client in a bank established outside the European Union. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency or any other analogous events in relation to that bank, Client’s funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. c. Funds belonging to the Client that will be used for execution of Client’s transactions through EU regulated investment firms will be kept in bank accounts maintained by the EU investment firms. In particular, the Client’s funds will be transferred to the EU investment firm through which clients’ transactions will be performed in order to meet Client’s obligation to provide collateral for a transaction (for example, an initial margin requirement). It is understood that the Company will ensure that the EU investment firm follows equivalent procedures with the Company as regards safeguarding of clients’ funds. In particular, the Company shall ensure that the EU investment firm keeps clients’ funds in segregated bank accounts in order to be separated from its own funds and that regular reconciliations are performed as regards clients’ funds. 14.1 The following steps have been taken by the Company in order to ensure the protection of Clients’ financial instruments or funds: a. Segregation and Denomination of Clients’ Accounts: As per the provisions of paragraph above of the Agreement above, 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 Clients’ denominated bank accounts, segregated from the Company’s own funds.

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. b. It is understood that the Company may hold funds on behalf of the Client in a bank established outside the European Union. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency or any other analogous events in relation to that bank, Client’s funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. c. Funds belonging to the Client that will be used for execution of Client’s transactions through EU regulated investment firms will be kept in bank accounts maintained by the EU investment firms. In particular, the Client’s funds will be transferred to the EU investment firm through which clients’ transactions will be performed in order to meet meet d. Client’s obligation to provide collateral for a transaction (for example, an initial margin requirement). It is understood that the Company will ensure that the EU investment firm follows equivalent procedures with the Company as regards safeguarding of clients’ funds. In particular, the Company shall ensure that the EU investment firm keeps clients’ funds in segregated bank accounts in order to be separated from its own funds and that regular reconciliations are performed as regards clients’ funds. 14.1 The following steps have been taken by the Company in order to ensure the protection of Clients’ financial instruments or funds: a. Segregation and Denomination of Clients’ Accounts: As per the provisions of paragraph above of the Agreement above, 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 Clients’ denominated bank accounts, segregated from the Company’s own funds.

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. b. It is understood that the Company may hold funds on behalf of the Client in a bank established outside the European Union. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency or any other analogous events in relation to that bank, Client’s funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. c. Funds belonging to the Client that will be used for execution of Client’s transactions through EU regulated investment firms will be kept in bank accounts maintained by the EU investment firms. In particular, the Client’s funds will be transferred to the EU investment firm through which clients’ transactions will be performed in order to meet meet d. Client’s obligation to provide collateral for a transaction (for example, an initial margin requirement). It is understood that the Company will ensure that the EU investment firm follows equivalent procedures with the Company as regards safeguarding of clients’ funds. In particular, the Company shall ensure that the EU investment firm keeps clients’ funds in segregated bank accounts in order to be separated from its own funds and that regular reconciliations are performed as regards clients’ funds. 14.1 The following steps have been taken by the Company in order to ensure the protection of Clients’ financial instruments or funds: a. Segregation and Denomination of Clients’ Accounts: As per the provisions of paragraph above of the Agreement above, 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 Clients’ denominated bank accounts, segregated from the Company’s own funds.