Common use of Payment to Third Parties Clause in Contracts

Payment to Third Parties. We may transfer client money to another person, such as another intermediary, for the purpose of effecting a transaction through that person. Where We transfer client money that is subject to a non- statutory trust, to another person, We will remain liable to You for such money for as long as it remains client money.

Payment to Third Parties. We may transfer client money to another person, such as another intermediary, for the purpose of effecting a transaction through that person. Where We transfer client money that is subject to a non- non - statutory trust, to another person, We will W e wi l l remain liable to You for such money for as long as it remains client money.