Segregated client account. Save and except Clause 9 below, all monies, Securities or other property received by ZUNDIAO from the Client or from any other person (including a clearing house) for the Account shall be held by ZUNDIAO in a segregated client account, and that all such monies, Securities or other property so held by ZUNDIAO shall not form part of the assets of ZUNDIAO for insolvency or winding up purposes but shall be returned to the Client promptly upon the appointment of a provisional liquidator, liquidator or similar officer over all or any part of the ZUNDIAO’s business or assets.
Appears in 5 contracts
Samples: Cash Client Agreement, Cash Client Agreement (Corporate/Institutional Clients), Cash Client Agreement
