Where an Account. is inactive for a period of five (5) years with a positive balance (i.e. there are funds available on Clients’ Account) and during that period no Transactions have been carried out in relation to the account or on the instructions of the holder of the account and the Company is unable to contact the Client after it takes reasonable efforts to achieve this, the Company has the right to cease treating those funds as Client Money and make a deduction from Client’s Account. If the Client later makes a valid claim to the Company, the Company may pay any amount owed to the Client.
Appears in 6 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
