Funds Applied to Client’s Funding Balance Sample Clauses

Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client, or a third party on Client’s behalf for Incoming Payments, as defined below, to a Funding Balance. Client acknowledges and agrees that AFEX shall not pay interest to Client on Funding Balance.
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Funds Applied to Client’s Funding Balance. AFEX Australia will credit all funds purchased by Client or paid to it by Client, or a third party on Client’s behalf for Incoming Payments, as defined below, to a Funding Balance. Client acknowledges and agrees that Client’s funds credited to a Funding Balance in Australian Dollars will be held by AFEX Australia and funds held in another currency will be held by AFEX Inc. as nominee for Client. Client further acknowledges that AFEX shall not pay interest to Client on Funding Balance.
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Funds Applied to Client’s Funding Balance. AFEX Singapore will credit, or will ensure that all funds purchased by Client or paid to it by Client, or a third party on Client’s behalf for Incoming Payments, as defined below, are credited to a Funding Balance. If it does so, funds in Singapore Dollars or United States Dollars will be held by AFEX Singapore for Client in the name of AFEX Singapore in the Customers’ Account in a current or deposit account with a bank. Such Funding Balance comprising of funds in another currency will be held by AFEX Inc. and Client hereby agrees and acknowledges that such funds will not be kept in the Customers’ Account of AFEX Singapore.
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Funds Applied to Client’s Funding Balance. WALLEX Singapore will credit, or will ensure that all funds purchased by Client or paid to it by Client, or a third party on Client’s behalf for Incoming Payments, as defined below, are credited to a Funding Balance. If it does so, funds in Singapore Dollars or United States Dollars will be held by WALLEX Singapore for Client in the name of WALLEX Singapore in the Customers’ Account in a current or deposit account with a bank. Such Funding Balance comprising of funds in another currency will be held by WALLEX Inc. and Client hereby agrees and acknowledges that such funds will not be kept in the Customers’ Account of WALLEX Singapore.
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Related to Funds Applied to Client’s Funding Balance

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