Payment and Withdrawal Conditions. 11.3.1 You agree to make payments due to us under this Client Agreement in accordance with the following Terms: 11.3.1.1 all electronic or telegraphic transfer or other bank fees in respect of payments by you will be your sole responsibility; and 11.3.1.2 any payment made to us will only be treated as received when we receive cleared funds; and 11.3.1.3 if any payment is not received by us on the due date for payment then, without limitation of any other rights which we may have, we will be entitled to charge interest on the overdue amount (both before and after judgment) at a rate of 1% per month from the date payment was due until the actual date of receipt by us; and 11.3.1.4 they are made on your behalf by an authorized and regulated firm referred to as “Authorized Person” and: 11.3.1.4.1 the Authorized Person is appointed by you in relation to the Account and is not acting pursuant to a limited power of attorney; and 11.3.1.4.2 we have an agreement in place with that Authorized Person; and 11.3.1.4.3 we have verified the account the payment is made from (where applicable) and undertaken all checks that we in our sole discretion determine are necessary or appropriate in the circumstances to comply with Applicable Regulations; and 11.3.1.4.4 you indemnify us for and hold us harmless against any costs or expenses (including all legal fees and expenses) which we may incur, either before or after the commencement of any legal action, to recover payments due; and 11.3.2 We may in our sole and reasonable discretion refuse or delay giving effect to your request for a withdrawal of money from your Account (in whole or in part), including as a result of any request to close that Account, if any of the following apply (or, where applicable, we reasonably consider that they apply): 11.3.2.1 on any calendar day, you have already made an exceptionally high number of requests (as determined by INFINOX) to withdraw money from that Account; 11.3.2.2 the money is required: 11.3.2.2.1 to cover any Commission, Realized Losses or net unrealized loss in respect of your Forex and CFD Margin Trades on your Account; 11.3.2.2.2 to ensure that your Cash is greater than zero on your Account; 11.3.2.3 the money may be required to meet a payment obligation on that Account that is due or reasonably likely to fall due within the next five (5) Business Days; 11.3.2.4 we need the money to make a Deduction or exercise our right of Set-Off or to cover any other fees or costs payable in respect of that Account in accordance with the Agreement or Applicable Regulations (including, but not limited to, any fees for market data or for tax purposes); 11.3.2.5 we are required to do so under Applicable Regulations or we reasonably suspect that there has been a breach of Applicable Regulations; 11.3.2.6 there is an unresolved dispute or a potential dispute between us and you in connection with the Agreement, including where you have breached the Agreement or we know or reasonably suspect that you may breach the Agreement; or 11.3.2.7 we know or reasonably suspect that the instruction has been provided by an Authorized Person acting pursuant to a limited power of attorney, and we will (except in some cases where (e) above applies) notify you as soon as reasonably practicable if we decide to refuse or delay giving effect to your request for a withdrawal and such action shall be as a result of any Exceptional Circumstance. 11.3.3 If your Account has a negative Cash value following Account Close-Out or termination of this Agreement, that negative Cash value represents a debt owed to us which at our sole discretion can be due and payable immediately. This will not apply if you are classified as a Retail Client as you cannot lose more than the total sum invested for trading. 11.3.4 Under certain circumstances, there may be a delay in processing your payments or withdrawals. Such delay may be due to the time it takes for our systems to process the payments or withdrawals, circumstances outside our control or an issue in relation to your payments or withdrawals that we may be attempting to resolve to comply with Applicable Regulations. 11.3.5 Please note that as part of the measures we take to prevent money laundering and fraud, withdrawals of money from your Account will only be processed by us where the destination for the money being withdrawn is the same as the origin of your payments made, unless (and subject to our prior approval) you have notified us in writing that your payment details have changed. We will only deviate from this policy in exceptional circumstances. 11.3.6 In certain exceptional circumstances, you may nominate an individual (your spouse, partner or child aged over 18) and accompanying bank account to fund your Account. This nominated individual will be subject to our usual Anti Money Laundering and anti-fraud checks. Funds from a nominated individual will be processed entirely at the discretion of INFINOX and we reserve the right to refuse any third-party funding request at our absolute discretion. 11.3.7 To make a withdrawal, you must submit a request either in writing, by telephone or by email. Where possible all funds will be returned to the same account, or source, from which they were originally deposited. Charges may apply; please contact xxxxxxx@xxxxxxx.xxx for up-to-date information on the applicable charges.
Appears in 14 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Payment and Withdrawal Conditions. 11.3.1 You agree to make payments due to us under this Client Agreement in accordance with the following Terms:
11.3.1.1 (a) all electronic or telegraphic transfer or other bank fees in respect of payments by you will be your sole responsibility; and;
11.3.1.2 (b) any payment made to us will only be treated as received when we receive cleared funds; and
11.3.1.3 (c) if any payment is not received by us on the due date for payment then, without limitation of any other rights which we may have, we will be entitled to charge interest on the overdue amount (both before and after judgment) at a rate of 1% per month from the date payment was due until the actual date of receipt by us; and
11.3.1.4 (d) they are made on your behalf by an authorized authorised and regulated firm referred to as “Authorized Authorised Person” and:
11.3.1.4.1 i. the Authorized Authorised Person is appointed by you in relation to the Account and is not acting pursuant to a limited power of attorney; and
11.3.1.4.2 ii. we have an agreement in place with that Authorized Authorised Person; and
11.3.1.4.3 iii. we have verified the account the payment is made from (where applicable) and undertaken all checks that we in our sole discretion determine are necessary or appropriate in the circumstances to comply with Applicable Laws and Regulations; and
11.3.1.4.4 (e) you indemnify us for and hold us harmless against any costs or expenses (including all legal fees and expenses) which we may incur, either before or after the commencement of any legal action, to recover payments due; and
11.3.2 We may in our sole and reasonable discretion refuse or delay giving effect to your request for a withdrawal of money from your Account (in whole or in part), including as a result of any request to close that Account, if any of the following apply (or, where applicable, we reasonably consider that they apply):
11.3.2.1 (a) on any calendar day, you have already made an exceptionally high number of requests (as determined by INFINOXthe Company) to withdraw money from that Account;
11.3.2.2 (b) the money is required:
11.3.2.2.1 (i) to cover any Commission, Realized Realised Losses or net unrealized unrealised loss in respect of your Forex and CFD Margin Trades on your AccountTransactions;
11.3.2.2.2 (ii) to ensure that your Cash is greater than zero on your Account;
11.3.2.3 (c) the money may be required to meet a payment obligation on that Account that is due or reasonably likely to fall due within the next five (5) Business Days;
11.3.2.4 (d) we need the money to make a Deduction deduction or exercise our right of Set-Off or to cover any other fees or costs payable in respect of that Account in accordance with the Agreement or Applicable Laws and Regulations (including, but not limited to, any fees for market data or for tax purposes);
11.3.2.5 (e) we are required to do so under Applicable Laws and Regulations or we reasonably suspect that there has been a breach of Applicable Laws and Regulations;
11.3.2.6 (f) there is an unresolved dispute or a potential dispute between us and you in connection with the Agreement, including where you have breached the Agreement or we know or reasonably suspect that you may breach the Agreement; or
11.3.2.7 (g) we know or reasonably suspect that the instruction has been provided by an Authorized Authorised Person acting pursuant to a limited power of attorney, and we will (except in some cases where (e) above applies) notify you as soon as reasonably practicable if we decide to refuse or delay giving effect to your request for a withdrawal and such action shall be as a result of any Exceptional Circumstance.
11.3.3 If your Account has a negative Cash cash value following Account Closeclose-Out out or termination of this Agreement, that negative Cash cash value represents a debt owed to us which at our sole discretion can be due and payable immediately. This will not apply if you are classified as a Retail Client as you cannot lose more than the total sum invested for trading.
11.3.4 Under certain circumstances, circumstances there may be a delay in processing your payments or withdrawals. Such delay may be due to the time it takes for our systems to process the payments or withdrawals, circumstances outside our control or an issue in relation to your payments or withdrawals that we may be attempting to resolve to comply with Applicable Laws and Regulations.
11.3.5 Please note that as part of the measures we take to prevent money laundering and fraud, withdrawals of money from your Account will only be processed by us where the destination for the money being withdrawn is the same as the origin of your payments made, unless (and subject to our prior approval) you have notified us in writing that your payment details have changed. We will only deviate from this policy in exceptional circumstances.
11.3.6 In certain exceptional circumstances, you may nominate an individual (your spouse, partner or child aged over 18) and accompanying bank account to fund your Account. This nominated individual will be subject to our usual Anti Money Laundering and anti-fraud checks. Funds from a nominated individual will be processed entirely at the discretion of INFINOX the Company and we reserve the right to refuse any third-party funding request at our absolute discretion.
11.3.7 To make a withdrawal, you must submit a request either in writing, by telephone or by email. Where possible all funds will be returned to the same account, or source, from which they were originally deposited. Charges may apply; please contact xxxxxxx@xxxxxxx.xxx for up-to-date information on the applicable charges.
Appears in 1 contract
Samples: Client Agreement
Payment and Withdrawal Conditions. 11.3.1 You agree to make payments due to us under this Client Agreement in accordance with the following Terms:
11.3.1.1 (a) all electronic or telegraphic transfer or other bank fees in respect of payments by you will be your sole responsibility; and;
11.3.1.2 (b) any payment made to us will only be treated as received when we receive cleared funds; and
11.3.1.3 (c) if any payment is not received by us on the due date for payment then, without limitation of any other rights which we may have, we will be entitled to charge interest on the overdue amount (both before and after judgment) at a rate of 1% per month from the date payment was due until the actual date of receipt by us; and
11.3.1.4 (d) they are made on your behalf by an authorized and regulated firm firm referred to as “Authorized Person” and:
11.3.1.4.1 i. the Authorized Person is appointed by you in relation to the Account and is not acting pursuant to a limited power of attorney; and
11.3.1.4.2 ii. we have an agreement in place with that Authorized Person; and
11.3.1.4.3 iii. we have verified verified the account the payment is made from (where applicable) and undertaken all checks that we in our sole discretion determine are necessary or appropriate in the circumstances to comply with Applicable Laws and Regulations; and
11.3.1.4.4 (e) you indemnify us for and hold us harmless against any costs or expenses (including all legal fees and expenses) which we may incur, either before or after the commencement of any legal action, to recover payments due; and
11.3.2 We may in our sole and reasonable discretion refuse or delay giving effect to your request for a withdrawal of money from your Account (in whole or in part), including as a result of any request to close that Account, if any of the following apply (or, where applicable, we reasonably consider that they apply):
11.3.2.1 (a) on any calendar day, you have already made an exceptionally high number of requests (as determined by INFINOXthe Company) to withdraw money from that Account;
11.3.2.2 (b) the money is required:
11.3.2.2.1 (i) to cover any Commission, Realized Losses or net unrealized unrealised loss in respect of your Forex and CFD Margin Trades on your AccountTransactions;
11.3.2.2.2 (ii) to ensure that your Cash is greater than zero on your Account;
11.3.2.3 (c) the money may be required to meet a payment obligation on that Account that is due or reasonably likely to fall due within the next five five (5) Business Days;
11.3.2.4 (d) we need the money to make a Deduction deduction or exercise our right of Set-Off or to cover any other fees or costs payable in respect of that Account in accordance with the Agreement or Applicable Laws and Regulations (including, but not limited to, any fees for market data or for tax purposes);
11.3.2.5 (e) we are required to do so under Applicable Laws and Regulations or we reasonably suspect that there has been a breach of Applicable Laws and Regulations;
11.3.2.6 (f) there is an unresolved dispute or a potential dispute between us and you in connection with the Agreement, including where you have breached the Agreement or we know or reasonably suspect that you may breach the Agreement; or
11.3.2.7 (g) we know or reasonably suspect that the instruction has been provided by an Authorized Person acting pursuant to a limited power of attorney, and we will (except in some cases where (e) above applies) notify you as soon as reasonably practicable if we decide to refuse or delay giving effect to your request for a withdrawal and such action shall be as a result of any Exceptional Circumstance.
11.3.3 If your Account has a negative Cash cash value following Account Closeclose-Out out or termination of this Agreement, that negative Cash cash value represents a debt owed to us which at our sole discretion can be due and payable immediately. This will not apply if you are classified as a Retail Client as you cannot lose more than the total sum invested for trading.
11.3.4 Under certain circumstances, circumstances there may be a delay in processing your payments or withdrawals. Such delay may be due to the time it takes for our systems to process the payments or withdrawals, circumstances outside our control or an issue in relation to your payments or withdrawals that we may be attempting to resolve to comply with Applicable Laws and Regulations.
11.3.5 Please note that as part of the measures we take to prevent money laundering and fraud, withdrawals of money from your Account will only be processed by us where the destination for the money being withdrawn is the same as the origin of your payments made, unless (and subject to our prior approval) you have notified notified us in writing that your payment details have changed. We will only deviate from this policy in exceptional circumstances.
11.3.6 In certain exceptional circumstances, you may nominate an individual (your spouse, partner or child aged over 18) and accompanying bank account to fund your Account. This nominated individual will be subject to our usual Anti Money Laundering and anti-fraud checks. Funds from a nominated individual will be processed entirely at the discretion of INFINOX the Company and we reserve the right to refuse any third-party funding request at our absolute discretion.
11.3.7 To make a withdrawal, you must submit a request either in writing, by telephone or by email. Where possible all funds will be returned to the same account, or source, from which they were originally deposited. Charges may apply; please contact xxxxxxx@xxxxxxx.xxx for up-to-date information on the applicable charges.
Appears in 1 contract
Samples: Client Agreement
Payment and Withdrawal Conditions. 11.3.1 You agree to make payments due to us under this Client Agreement in accordance with the following Terms:
11.3.1.1 a) all electronic or telegraphic transfer or other bank fees in respect of payments by you will be your sole responsibility; and
11.3.1.2 b) any payment made to us will only be treated as received when we receive cleared funds; and
11.3.1.3 c) if any payment is not received by us on the due date for payment then, without limitation of any other rights which we may have, we will be entitled to charge interest on the overdue amount (both before and after judgment) at a rate of 1% per month from the date payment was due until the actual date of receipt by us; and
11.3.1.4 d) they are made on your behalf by an authorized authorised and regulated firm referred to as “Authorized Authorised Person” and:
11.3.1.4.1 i. the Authorized Authorised Person is appointed by you in relation to the Account and is not acting pursuant to a limited power of attorney; and
11.3.1.4.2 ii. we have an agreement in place with that Authorized Authorised Person; and
11.3.1.4.3 iii. we have verified the account the payment is made from (where applicable) and undertaken all checks that we in our sole discretion determine are necessary or appropriate in the circumstances to comply with Applicable Regulations; and
11.3.1.4.4 e) you indemnify us for and hold us harmless against any costs or expenses (including all legal fees and expenses) which we may incur, either before or after the commencement of any legal action, to recover payments due; and
11.3.2 We may in our sole and reasonable discretion refuse or delay giving effect to your request for a withdrawal of money from your Account (in whole or in part), including as a result of any request to close that Account, if any of the following apply (or, where applicable, we reasonably consider that they apply):
11.3.2.1 a) on any calendar day, you have already made an exceptionally high number of requests (as determined by INFINOXXxxxxx) to withdraw money from that Account;
11.3.2.2 b) the money is required:
11.3.2.2.1 i. to cover any Commission, Realized Realised Losses or net unrealized unrealised loss in respect of your Forex and CFD Margin Trades on your Account;
11.3.2.2.2 ii. to ensure that your Cash is greater than zero on your Account;
11.3.2.3 c) the money may be required to meet a payment obligation on that Account that is due or reasonably likely to fall due within the next five (5) Business Days;
11.3.2.4 d) we need the money to make a Deduction or exercise our right of Set-Off or to cover any other fees or costs payable in respect of that Account in accordance with the Agreement or Applicable Regulations (including, but not limited to, any fees for market data or for tax purposes);
11.3.2.5 e) we are required to do so under Applicable Regulations or we reasonably suspect that there has been a breach of Applicable Regulations;
11.3.2.6 f) there is an unresolved dispute or a potential dispute between us and you in connection with the Agreement, including where you have breached the Agreement or we know or reasonably suspect that you may breach the Agreement; or
11.3.2.7 g) we know or reasonably suspect that the instruction has been provided by an Authorized Authorised Person acting pursuant to a limited power of attorney, and we will (except in some cases where (e) above applies) notify you as soon as reasonably practicable if we decide to refuse or delay giving effect to your request for a withdrawal and such action shall be as a result of any Exceptional Circumstance.
11.3.3 If your Account has a negative Cash value following Account Close-Out or termination of this Agreement, that negative Cash value represents a debt owed to us which at our sole discretion can be due and payable immediately. This will not apply if you are classified as a Retail Client as you cannot lose more than the total sum invested for trading.
11.3.4 Under certain circumstances, circumstances there may be a delay in processing your payments or withdrawals. Such delay may be due to the time it takes for our systems to process the payments or withdrawals, circumstances outside our control or an issue in relation to your payments or withdrawals that we may be attempting to resolve to comply with Applicable Regulations.
11.3.5 Please note that as part of the measures we take to prevent money laundering and fraud, withdrawals of money from your Account will only be processed by us where the destination for the money being withdrawn is the same as the origin of your payments made, unless (and subject to our prior approval) you have notified us in writing that your payment details have changed. We will only deviate from this policy in exceptional circumstances.
11.3.6 In certain exceptional circumstances, you may nominate an individual (your spouse, partner or child aged over 18) and accompanying bank account to fund your Account. This nominated individual will be subject to our usual Anti Money Laundering and anti-fraud checks. Funds from a nominated individual will be processed entirely at the discretion of INFINOX Cuboid and we reserve the right to refuse any third-third party funding request at our absolute discretion.
11.3.7 To make a withdrawal, you must submit a request either in writing, by telephone or by email. Where possible all funds will be returned to the same account, or source, from which they were originally deposited. Charges may apply; please contact xxxxxxx@xxxxxxx.xxx xxxxxxx@Xxxxxx.xxx for up-to-date information on the applicable charges.
Appears in 1 contract
Samples: Client Agreement
Payment and Withdrawal Conditions. 11.3.1 You agree to make payments due to us under this Client Agreement in accordance with the following Terms:
11.3.1.1 all electronic or telegraphic transfer or other bank fees in respect of payments by you will be your sole responsibility; and
11.3.1.2 any payment made to us will only be treated as received when we receive cleared funds; and
11.3.1.3 if any payment is not received by us on the due date for payment then, without limitation of any other rights which we may have, we will be entitled to charge interest on the overdue amount (both before and after judgment) at a rate of 1% per month from the date payment was due until the actual date of receipt by us; and
11.3.1.4 they are made on your behalf by an authorized and regulated firm referred to as “Authorized Person” and:
11.3.1.4.1 the Authorized Person is appointed by you in relation to the Account and is not acting pursuant to a limited power of attorney; and
11.3.1.4.2 we have an agreement in place with that Authorized Person; and
11.3.1.4.3 we have verified the account the payment is made from (where applicable) and undertaken all checks that we in our sole discretion determine are necessary or appropriate in the circumstances to comply with Applicable Regulations; and
11.3.1.4.4 you indemnify us for and hold us harmless against any costs or expenses (including all legal fees and expenses) which we may incur, either before or after the commencement of any legal action, to recover payments due; and
11.3.2 We may in our sole and reasonable discretion refuse or delay giving effect to your request for a withdrawal of money from your Account (in whole or in part), including as a result of any request to close that Account, if any of the following apply (or, where applicable, we reasonably consider that they apply):
11.3.2.1 on any calendar day, you have already made an exceptionally high number of requests (as determined by INFINOXXXXXX) to withdraw money from that Account;
11.3.2.2 the money is required:
11.3.2.2.1 to cover any Commission, Realized Losses or net unrealized loss in respect of your Forex and CFD Margin Trades on your Account;
11.3.2.2.2 to ensure that your Cash is greater than zero on your Account;
11.3.2.3 the money may be required to meet a payment obligation on that Account that is due or reasonably likely to fall due within the next five (5) Business Days;
11.3.2.4 we need the money to make a Deduction or exercise our right of Set-Off or to cover any other fees or costs payable in respect of that Account in accordance with the Agreement or Applicable Regulations (including, but not limited to, any fees for market data or for tax purposes);
11.3.2.5 we are required to do so under Applicable Regulations or we reasonably suspect that there has been a breach of Applicable Regulations;
11.3.2.6 there is an unresolved dispute or a potential dispute between us and you in connection with the Agreement, including where you have breached the Agreement or we know or reasonably suspect that you may breach the Agreement; or
11.3.2.7 we know or reasonably suspect that the instruction has been provided by an Authorized Person acting pursuant to a limited power of attorney, and we will (except in some cases where (e) above applies) notify you as soon as reasonably practicable if we decide to refuse or delay giving effect to your request for a withdrawal and such action shall be as a result of any Exceptional Circumstance.
11.3.3 If your Account has a negative Cash value following Account Close-Out or termination of this Agreement, that negative Cash value represents a debt owed to us which at our sole discretion can be due and payable immediately. This will not apply if you are classified as a Retail Client as you cannot lose more than the total sum invested for trading.
11.3.4 Under certain circumstances, there may be a delay in processing your payments or withdrawals. Such delay may be due to the time it takes for our systems to process the payments or withdrawals, circumstances outside our control or an issue in relation to your payments or withdrawals that we may be attempting to resolve to comply with Applicable Regulations.
11.3.5 Please note that as part of the measures we take to prevent money laundering and fraud, withdrawals of money from your Account will only be processed by us where the destination for the money being withdrawn is the same as the origin of your payments made, unless (and subject to our prior approval) you have notified us in writing that your payment details have changed. We will only deviate from this policy in exceptional circumstances.
11.3.6 In certain exceptional circumstances, you may nominate an individual (your spouse, partner or child aged over 18) and accompanying bank account to fund your Account. This nominated individual will be subject to our usual Anti Money Laundering and anti-fraud checks. Funds from a nominated individual will be processed entirely at the discretion of INFINOX SLICK and we reserve the right to refuse any third-party funding request at our absolute discretion.
11.3.7 To make a withdrawal, you must submit a request either in writing, by telephone or by email. Where possible all funds will be returned to the same account, or source, from which they were originally deposited. Charges may apply; please contact xxxxxxx@xxxxxxx.xxx for xxxxxxx@xxxxxxxxxxxx.xx For up-to-date information on the applicable charges.
Appears in 1 contract
Samples: Client Agreement
Payment and Withdrawal Conditions. 11.3.1 12.3.1 You agree to make payments due to us under this Client Agreement in accordance with the following Terms:
11.3.1.1 a) all electronic or telegraphic transfer or other bank fees in respect of payments by you will be your sole responsibility; and;
11.3.1.2 b) any payment made to us will only be treated as received when we receive cleared funds; and;
11.3.1.3 c) if any payment is not received by us on the due date for payment then, without limitation of any other rights which we may have, we will be entitled to charge interest on the overdue amount (both before and after judgment) at a rate of 1% per month from the date payment was due until the actual date of receipt by us; and
11.3.1.4 d) they are made on your behalf by an authorized authorised and regulated firm referred to as “Authorized Authorised Person” and:
11.3.1.4.1 i. the Authorized Authorised Person is appointed by you in relation to the Account and is not acting pursuant to a limited power of attorney; and;
11.3.1.4.2 ii. we have an agreement in place with that Authorized Authorised Person; and
11.3.1.4.3 iii. we have verified the account the payment is made from (where applicable) and undertaken all checks that we in our sole discretion determine are necessary or appropriate in the circumstances to comply with Applicable Regulations; and.
11.3.1.4.4 e) you indemnify us for and hold us harmless against any costs or expenses (including all legal fees and expenses) which we may incur, either before or after the commencement of any legal action, to recover payments due; and.
11.3.2 12.3.2 We may in our sole and reasonable discretion refuse or delay giving effect to your request for a withdrawal of money from your Account (in whole or in part), including as a result of any request to close that Account, if any of the following apply (or, where applicable, we reasonably consider that they apply):
11.3.2.1 a) on any calendar day, you have already made an exceptionally high number of requests (as determined by INFINOX) to withdraw money from that Account;
11.3.2.2 b) the money is required:
11.3.2.2.1 i. to cover any Commission, Realized Realised Losses or net unrealized unrealised loss in respect of your Forex and CFD Margin Trades on your Account;
11.3.2.2.2 ii. to ensure that your Cash is greater than zero on your Account;
11.3.2.3 c) the money may be required to meet a payment obligation on that Account that is due or reasonably likely to fall due within the next five (5) Business Days;
11.3.2.4 d) we need the money to make a Deduction or exercise our right of Set-Off or to cover any other fees or costs payable in respect of that Account in accordance with the Agreement or Applicable Regulations (including, but not limited to, any fees for market data or for tax purposes);
11.3.2.5 e) we are required to do so under Applicable Regulations or we reasonably suspect that there has been a breach of Applicable Regulations;
11.3.2.6 f) there is an unresolved dispute or a potential dispute between us and you in connection with the Agreement, including where you have breached the Agreement or we know or reasonably suspect that you may breach the Agreement; or
11.3.2.7 g) we know or reasonably suspect that the instruction has been provided by an Authorized Authorised Person acting pursuant to a limited power of attorney, and we will (except in some cases where (e) above applies) notify you as soon as reasonably practicable if we decide to refuse or delay giving effect to your request for a withdrawal and such action shall be as a result of any Exceptional Circumstance.
11.3.3 12.3.3 If your Account has a negative Cash value following Account Close-Out or termination of this Agreement, that negative Cash value represents a debt owed to us which at our sole discretion can be due and payable immediately. This will not apply if you are classified as a Retail Client Client, as you cannot lose more than the total sum invested for trading.
11.3.4 12.3.4 Under certain circumstances, there may be a delay in processing your payments or withdrawals. Such delay may be due to the time it takes for our systems to process the payments or withdrawals, circumstances outside our control or an issue in relation to your payments or withdrawals that we may be attempting to resolve to comply with Applicable Regulations.
11.3.5 12.3.5 Please note that as part of the measures we take to prevent money laundering and fraud, withdrawals of money from your Account will only be processed by us where the destination for the money being withdrawn is the same as the origin of your payments mademade (“return to source”), unless (and subject to our prior approval) you have notified us in writing that your payment details have changed. We will only deviate from this policy in exceptional circumstances.
11.3.6 12.3.6 In certain exceptional circumstances, you may nominate an individual (your spouse, partner or child aged over 18) and accompanying bank account to fund your Account. This nominated individual will be subject to our usual Anti Money Laundering and anti-fraud checks. Funds from a nominated individual will be processed entirely at the discretion of INFINOX and we reserve the right to refuse any third-party funding request at our absolute discretion.
11.3.7 12.3.7 To make a withdrawal, you must submit a request either in writing, by telephone or by email. Where possible all funds will be returned to the same account, or source, from which they were originally deposited. Charges may apply; please contact xxxxxxx@xxxxxxx.xxx xxxxxxx@XXXXXXX.xxx for up-to-date information on the applicable charges.
Appears in 1 contract
Samples: Client Agreement
