Common use of Delays in funds transfers Clause in Contracts

Delays in funds transfers. On occasion, MTC may, in its sole discretion, allow a Client time to forward funds to meet their margin requirements. This permission is given on a case by case basis and only upon prior written authority from MTC. Cleared funds are typically (but not always) credited to Client Accounts on Business Days between 9.00am and 5.00pm Monday to Friday (EST). Where funds are received outside these hours, they will usually be credited on the next Business Day between 9.00am and 5.00pm.