Minimum Withdrawals. Where you have had trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where you have had trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where you have had no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making your available balance zero, through any means shall be subject to a fee of 20 units. Closing of a client’s account Back Office / Account Opening Department shall be responsible for closing a client’s account under the following circumstances: • Closing of an account upon client’s request If a client requests to close his/her account, Back Office / Account Opening Department must verify that the client provides them with clear instructions about their request in written form. In turn, funds in client’s accounts shall all be withdrawn and settled on the same day that the request to withdraw funds was made, or the next working day if the client’s request is received outside of normal trading hours. Note that Back Office Department must keep all records and transactions made by the client for at least 5 years after the termination of his/her account. • Closing of an account when client has passed away If a client has passed away, the inheritor or the person who acts on behalf of the client (e.g. lawyer) is responsible for providing instructions to the Back Office Department for closing the client’s account. The Back Office Department shall also request a Death’s Certificate, as well as the bank details of the inheritor(s) for transferring the underlying funds to the inheritor. Dormant Account An account shall be considered as dormant, in the absence of any trading activity for a period of at least one (1) calendar year. Upon the end of the calendar year the Company will undertake an annual review of all accounts and identify these where no activity has occurred for a period of 1 (one) calendar year. All such accounts will be classified as Dormant. Once an account is treated as Dormant, the Client will be informed accordingly in order to obtain Client’s instruction for further actions. If the Client doesn’t respond for notification and has remained inactive for a following 1 mon...
Minimum Withdrawals. The Depositor shall be fully and solely responsible for all taxes and penalties that might accrue or be assessed for having failed to make any annual minimum withdrawal required by applicable law. The Depositor's beneficiary or beneficiaries shall be fully and solely responsible for any taxes or penalties which might accrue or be assessed for having failed to make any minimum withdrawal required following the death of the Depositor.
