Common use of Closing Client Accounts Clause in Contracts

Closing Client Accounts. The Company shall cease the provision of the investment services to Clients in accordance with the provisions of its client services agreement of the Company. Upon the receipt of written instructions from the Client requesting to close his/her account, the Company shall proceed accordingly. Immediately following the receipt of the client account termination notice, an email will be sent to the client informing him/ her that he/she must submit a withdrawal request in order to be able to withdraw the remaining balance. Following receipt of the relevant withdrawal request the withdrawal will be processed according to the Company’s procedure for withdrawing of funds. The Compliance officer shall be responsible for monitoring the implementation of the procedures for the closing of clients’ accounts of the Company on a frequent basis.