Common use of Funds Applied to Client’s Funding Balance Clause in Contracts

Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client in relation to an Order where Client has not provided Delivery Instructions to a Funding Balance.

Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client in relation to an Order where Client has not provided Delivery Instructions 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.

Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client in relation to an Order where Client has not provided Delivery Instructions for delivery to a Beneficiary other than itself, to a Funding Balance. AFEX treats all funds received without Delivery Instructions to a Beneficiary other than itself, as funds maintained pending instructions from Client.

Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client in relation to an Order where Client has not provided Delivery Instructions 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.

Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client in relation to an Order where Client has not provided Delivery Instructions 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. BUS_ACC_OPEN_CA_1018_AR