PAYMENTS TO US. 20.1 In the event of a Spot FX Contract, you will ensure that you hold enough Electronic Money in the Sale Currency in your Lumon Wallet to cover the Sale Monies no later than the close of business on the Value Date.
20.2 In the event of a Forward FX Contract, you will ensure that you hold enough Electronic Money in Sale Currency in your Lumon Wallet:
(a) to cover the Margin, within one Business Day of the Contract Date, unless otherwise agreed;
(b) to cover any request for a Margin Call by 4pm on the Business Day following the day upon which the Margin Call was made; and
(c) to cover any outstanding balance of the Sale Monies, no later than close of business on the Value Date. You have to allow enough time for money to clear into our account and for your Lumon Wallet to be credited. If you do not hold enough money in the Sale Currency at the appropriate time, we may
(d) terminate the FX Contract or
(e) convert the Electronic Money you hold in your Lumon Wallet which is not in the Sale Currency into the Sale Currency using an exchange rate we believe is reasonable so that you meet your obligations under the FX Contract.
20.3 We accept no responsibility in the event that you send money to the incorrect account.
20.4 Someone other than you can send money to us on your behalf, provided that you have obtained our prior consent and they have complied with our requirements for additional information and documentation. We accept no liability if a third party sends us money on your behalf but they do not pass our due diligence requirements and you fail to meet your obligations under an FX Contract or a Payment is not executed at all or on time.
20.5 You should pay us by sending funds from your bank account to our bank account (the details of which we shall provide you). With our consent, you may be able to pay via direct debit. We do not accept cash, cheques or credit or debit card payments.
20.6 Banks have specified cut off times for the receipt and dispatch of electronic payments. We accept no responsibility for any consequence attributable to the arrival of funds or instruction of payment after the relevant cut off times.
20.7 All funds provided by you under a Contract (whether as security or otherwise) or standing to the credit of your Lumon Wallet may be appropriated by us if we incur any liability in respect of any Contract or in the event that you are unable to pay sums due to us or breach of these Terms.
20.8 If you fail to make any payments, in full or in...
PAYMENTS TO US. All payments owed to us shall be immediately due and payable, on deemed receipt by you, of a written or oral demand by us. All payments to us must:
PAYMENTS TO US. The only circumstance in which we will directly accept a monetary sum from you is in relation to payment of an invoice. We do not accept cash as a form of payment. Any payment to a third party must be addressed to that third party. We do not accept Client Money (as that term is defined by the FCA).
PAYMENTS TO US. 25.1. You will pay to us, in the Approved Currency in which they are incurred, the fees and charges specified in the Fees and Special Conditions Module as being applicable to our Debt Purchase Services and all other fees (including legal fees), charges and other expenses provided for in this Agreement and/or directly incurred by us in providing our services to you and such other fees as we may agree from time to time, such as following a breach of this Agreement, a change in your business or the risk to us in providing our services to you.
25.2. We will debit the Administration Charges to your Current Account upon the relevant Debts being Notified or thereafter. Where a Minimum Administration Charge applies you shall pay to us any shortfall between the aggregate amount of Administration Charges accrued in the relevant period and the Minimum Administration Charge.
25.3. For each month, or part thereof, beyond the Beyond Reassignment Charge Period, in which a Debt remains Outstanding, you will pay to us a Beyond Reassignment Charge, on the first day of the month, calculated on the amount of that debt outstanding at the beginning of the month.
25.4. For the purpose of calculating the Discount, in establishing the balance on the Current Account a Debt shall be deemed to be Outstanding until its Collection Date or, in respect of a Debt where we believe it is necessary to submit a proof of debt in the Insolvency of the Debtor, such Debt shall be treated as being Outstanding until such proof has been accepted.
25.5. You will pay to us (and you irrevocably agree to indemnify us in respect of) all costs (including our own administrative and other costs), charges, expenses, professional fees (including VAT), losses, claims and/ or demands that we may suffer or incur in collecting Debts and/or securing, protecting and/or exercising our rights under this Agreement. We will charge for our time costs incurred on the basis of our published tariff of such costs in force at the relevant time. Our certificate of the amount of such costs, charges, expenses, professional fees, losses, claims and demands will be conclusive and binding upon you unless it contains a manifest error.
PAYMENTS TO US. 10.1 Except as set out in Clause 11, you will be invoiced for all rental, service, subscriptions, and consumables and payment is due 30 days from the date of invoice (“Due Date”).
PAYMENTS TO US. When your account has a negative balance at the end of a billing period and you have elected to receive payments from us by ACH transfer, you authorize us to withdraw the balance due us from your bank account by ACH transfer on the Friday following the end of the billing period, unless the Friday is a bank holiday, in which case the withdrawal will be made the next business day. If our withdrawal attempt is unsuccessful, your access to the Service may be interrupted. If you have elected to receive payments from us by check, you agree to pay us the balance due us within 30 days of the ending date of that billing period. Late payments are subject to a 1.5% service charge per 30 days overdue and may result in interruption of your access to the Service.
PAYMENTS TO US. When your account has a balance due at the end of a billing period, you authorize us to withdraw the balance due from your bank account by ACH transfer on the 5th day following the end of the billing period, unless the 5th day is not a business day, in which case the withdrawal will be made the next business day. If our withdrawal attempt is unsuccessful,
PAYMENTS TO US. 18.1. Inthe event ofa Spot FX Contract, youwillensure that you have sent us the Sale Monies no later than the close of business on the Value Date.
PAYMENTS TO US. 10.1 Except as set out in Clause 11, you will be invoiced for all rental, service, subscriptions, and consumables and payment is due 30 days from the date of invoice (“Due Date”).
10.2 If you do not pay us by the Due Date then, without limiting our remedies under this Agreement you shall pay interest on the overdue sum from the Due Date until payment of the overdue sum, whether before or after judgment. Interest under this clause will accrue each day at 5% a year above the Bank of England's base rate from time to time.
PAYMENTS TO US. 10.1 All payments owed to us shall be immediately due and payable, on deemed receipt by you, of a written or oral demand by us. All payments to us must:
(a) be made in the Base Currency; and
(b) be made with either a debit or credit card, an alternative payment method that we may offer at the time such as Skrill or via a bank transfer. We will not, unless explicitly agreed in advance with you, accept cheques. In addition, we do not accept cash payments.
(c) When you remit funds to us via bank transfer, you should include your trading Account number and/or your username as a reference to enable us to apply funds in a timely manner. In the event we are unable to immediately identify you as the trading Account holder, we will make every effort to identify the source of the funds as quickly as possible with the information we have on file about you and we may also attempt to contact you either by phone or email. We are however, required under FCA regulation, to return the funds to source if we have not been able to identify the remitter within 10 business days.
(d) We do not accept funds from third party source(s) which we have not previously verified and without prior agreement from us. Any third-party funds will be referred to our Compliance Department for review and action. Our default position shall be to return the funds back to source. We shall have ultimate discretion in deciding what a third-party payment shall be.
(e) We may, at our discretion and subject to review, accept transfers of funds, such as, but not limited to, broker to broker transfers from other financial institutions and we may, at our discretion, limit the amount of transfers that you are permitted to make or receive.
(f) We may accept pre-paid credit cards at our discretion and subject to further checks and verification by us.
10.2 We reserve the right to pass on to you any processing costs incurred by us in relation to any payment mechanism used by you to transfer funds to us. In addition, if you transfer funds to us which are not in the Base Currency, we may, at our absolute discretion, either refuse the transfer, or convert the transfer into the Base Currency using a rate based on the prevailing market rate decided by us.
10.3 You indemnify us against any bank charges which are subject to any deposit or withdrawal that you make (for example, but not limited to, foreign exchange currency). Trade Nation is only able to apply the Payments to You
10.4 We shall, on receipt of a request b...
