Common use of Interest On Trust Money Clause in Contracts

Interest On Trust Money. 3.1 Galaxy International Securities has the right to retain for itself any and all interest accrued on any amount in any trust account or any account established by Galaxy International Securities for the Securities Cash Account unless the Client is notified by Galaxy International Securities to the contrary. Any interest earned will be at such rate and on such terms as may be determined by Galaxy International Securities from time to time. PART D – ADDITIONAL TERMS FOR SECURITIES MARGIN ACCOUNT OPENED WITH GALAXY INTERNATIONAL SECURITIES