Common use of Deposited Cash and Property Clause in Contracts

Deposited Cash and Property. You should familiarize yourself with the protections accorded to money or other property you deposit for domestic and foreign Transactions and/or Contracts, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property, which has been specifically identifiable as your own, will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall. The Transactions and/or Contracts you are entering into with us are NOT traded on an exchange. Therefore, under applicable bankruptcy laws, your funds may NOT receive the same protections as funds used to Margin or guarantee exchange-traded Transactions and/or contracts, which may receive a priority in bankruptcy. Since that same priority has NOT been given to funds used for Transactions and/or Contracts in the Over-the-Counter (OTC) Market, if we were to become insolvent and you have a claim for amounts deposited or profits earned on Transactions and/or Contracts with us your claim may not receive priority. Without priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any funds still available after priority claims are paid. In these circumstances, even the Client Funds, which we keep separated from our own operating funds, may NOT in all instances be safe from the claims of other general and priority creditors.

Appears in 2 contracts

Samples: murrenfx.com, Client Agreement

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Deposited Cash and Property. You In particular, in the event of a firm insolvency or bankruptcy, you should familiarize yourself be familiar with the protections accorded granted to money or other property you deposit for domestic and foreign Transactions transactions and/or Contracts, particularly in contracts. Specific legislation or local rules may govern the event of a firm insolvency or bankruptcy. The extent to which you may can recover your money or property may be governed by specific legislation or local rulesproperty. In some jurisdictions, propertyin the case of a shortfall, which property that has been specifically identifiable as your own, own will be pro-rated in the same manner way as cash for purposes of distribution in the event of a shortfallpurposes. The Transactions deals and/or Contracts contracts that you are entering into enter with us are NOT traded on an exchange. Therefore, under applicable bankruptcy laws, your funds may NOT receive the same protections under applicable bankruptcy laws as funds used to Margin margin or guarantee exchange-exchange traded Transactions transactions and/or contracts, which contracts that may receive a priority in bankruptcybankruptcy priority. Since that same priority has funds used for transactions and/or contracts in the over-the counter (OTC) market have NOT been given to funds used for Transactions and/or Contracts in the Over-the-Counter (OTC) Marketsame priority, if we were to become insolvent and you have a claim for amounts deposited or profits earned on Transactions transactions and/or Contracts contracts with us us, your claim may not receive be given priority. Without priority, you are a general creditor creditor, and your claim will be paid from any funds still available after priority claims are paid, along with the claims of other general creditors, from any funds still available after priority claims are paid. In these circumstances, even the Client Funds, which client money we keep separated separate from our own operating funds, funds may NOT in all instances be safe from the claims of other general and priority creditorscreditors in all instances.

Appears in 1 contract

Samples: Client Agreement

Deposited Cash and Property. You should familiarize yourself with the protections accorded to money or other property you deposit for domestic and foreign Transactions and/or Contracts, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property, which has been specifically identifiable as your own, will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall. The Transactions and/or Contracts you are entering into with us are NOT traded on an exchange. Therefore, under applicable bankruptcy laws, your funds may NOT receive the same protections as funds used to Margin or guarantee exchange-traded Transactions and/or contracts, which may receive a priority in bankruptcy. Since that same priority has NOT been given to funds used for Transactions and/or Contracts in the Over-the-Counter (OTC) Market, if we were to become insolvent and you have a claim for amounts deposited or profits earned on Transactions and/or Contracts with us your claim may not receive priority. Without priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any funds monies still available after priority claims are paid. In these circumstances, even the Client Funds, which we keep separated from our own operating funds, may NOT in all instances be safe from the claims of other general and priority creditors.

Appears in 1 contract

Samples: Client Agreement

Deposited Cash and Property. You In particular, in the event of a firm insolvency or bankruptcy, you should familiarize yourself be familiar with the protections accorded granted to money or other property you deposit for domestic and foreign Transactions transactions and/or Contracts, particularly in contracts. Specific legislation or local rules may govern the event of a firm insolvency or bankruptcy. The extent to which you may can recover your money or property may be governed by specific legislation or local rulesproperty. In some jurisdictions, propertyin the case of a shortfall, which property that has been specifically identifiable as your own, own will be pro-rated in the same manner way as cash for purposes of distribution in the event of a shortfallpurposes. The Transactions deals and/or Contracts contracts that you are entering enter into with us are NOT traded on an exchange. Therefore, under applicable bankruptcy laws, your funds may NOT receive the same protections under applicable bankruptcy laws as funds used to Margin margin or guarantee exchange-exchange traded Transactions transactions and/or contracts, which contracts that may receive a priority in bankruptcybankruptcy priority. Since that same priority has funds used for transactions and/or contracts in the over-the- counter ( OTC ) market have NOT been given to funds used for Transactions and/or Contracts in the Over-the-Counter (OTC) Marketsame priority, if we were to become insolvent and you have a claim for amounts deposited or profits earned on Transactions transactions and/or Contracts contracts with us us, your claim may not receive be given priority. Without priority, you are a general creditor and your claim will be paid from any funds still available after priority claims are paid, along with the claims of other general creditors, from any funds still available after priority claims are paid. In these circumstances, even the Client Funds, which client money we keep separated separate from our own operating funds, funds may NOT in all instances be safe from the claims of other general and priority creditorscreditors in all instances.

Appears in 1 contract

Samples: Client Agreement

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Deposited Cash and Property. You should familiarize yourself with the protections accorded to money or other property you deposit for domestic and foreign Transactions and/or Contracts, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property, which has been specifically identifiable as your own, will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall. The Transactions and/or Contracts you are entering into with us are NOT N OT traded on an exchange. Therefore, under applicable bankruptcy laws, your funds may NOT N OT receive the same protections as funds used to Margin or guarantee exchange-exchange- traded Transactions and/or contracts, which may receive a priority in bankruptcy. Since that same priority has NOT been given to funds used for Transactions and/or Contracts in the Over-the-Counter (OTC) Market, if we were to become insolvent and you have a claim for amounts deposited or profits earned on Transactions and/or Contracts with us your claim may not receive priority. Without priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any funds still available after priority claims are paid. In these circumstances, even the Client Funds, which we keep separated from our own operating funds, may NOT in all instances be safe from the claims of other general and priority creditors.

Appears in 1 contract

Samples: Customer Agreement

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