Passing money to third parties. We may pass money received from you to a third party (e.g. a market, intermediate broker, OTC counterparty or clearing house) to hold or control in order to effect a Transaction through or with that person or to satisfy your obligation to provide collateral (e.g. initial margin requirement) in respect of a Transaction. We have no responsibility for any acts or omissions of any third party to whom we pass money received from you. The third party to whom we pass money may hold it in an omnibus account and it may not be possible to separate it from our money, or the third party's money. In the event of the insolvency or any other analogous proceedings in relation to that third party, we will only have an unsecured claim against the third party on behalf of you and our other clients, and you will be exposed to the risk that the money received by us from the third party is insufficient to satisfy the claims of you and all other clients with claims in respect of the relevant account.
Passing money to third parties. We may need to pass money received from you to a third party (e.g. a market, intermediate broker, OTC counterparty or clearing house) to hold or control in order to effect a Transaction through or with that person or to satisfy your obligation to provide collateral (e.g. initial margin requirement) in respect of a Transaction. We have no responsibility for any acts or omissions of any third party to whom we pass money received from you. The third party to whom we pass money may hold it in an omnibus account and it may not be possible to separate it from our money, or the third party's money. In the event of the insolvency or any other analogous proceedings in relation to that third party, we will only have an unsecured claim against the third party on behalf of you and our other clients, and you will be exposed to the risk that the money received by us from the third party is insufficient to satisfy the claims of you and all other clients with claims in respect of the relevant account. Overseas banks, intermediate broker, settlement agent or OTC counterparty: We may hold client money on your behalf outside the LaBuan. The legal and regulatory regime applying to any such bank or person will be different from that of the LaBuan and in the event of the insolvency or any other analogous proceedings in relation to that bank or person, your money may be treated differently from the treatment which would apply if the money was held with a bank in an account in the LaBuan. We will not be liable for the insolvency, acts or omissions of any third party referred to in this sub-clause. Unclaimed client money: You agree that we may cease to treat your money as client money if there has been no movement on your balance for six years. We shall write to you at your last known address informing you of our intention of no longer treating your balance as client money and giving you 28 days to make a claim.
Passing money to third parties. We may need to pass money received from you to a third party (e.g., a credit institution, market, intermediate broker, OTC counterparty or clearing house) to hold or control in Instruction to effect any current or future Transactions through or with that person or to satisfy your obligation to provide collateral (e.g., initial or variation Margin requirement(s)) in respect of any current or future transactions. Although we will remain responsible for Client Money received from you even if we pass it to a third party, you may be exposed to the additional risk that, in the event of an insolvency or similar event in relation to that third party, the amount of money received by us from the third party may not be sufficient to satisfy your claims. However, you may still be able to claim against us for any outstanding amounts
