XXXX HELD FOR THE CLIENT Sample Clauses

XXXX HELD FOR THE CLIENT. 7.1 Any cash held for the Client, other than cash received by CAL in respect of Transactions and which is onpaid for settlement purposes or to the Client, shall be credited to a client trust account maintained with a licensed bank as required by applicable laws and rules of any relevant Exchange or regulatory authority, except that any interest earned on such balance or money shall, to the extent that it exceeds interest payable to the Client at the rate determined by CAL to be applicable, be retained by CAL for its account from time to time. For avoidance of doubt, the Client acknowledges that no interest will be payable to the Client if the daily balance of the Account falls below HK$10,000. 7.2 The Account shall be in Hong Kong dollars or such other currencies as CAL may agree from time to time with the Client. In the event that the Client instructs CAL to execute any of the Transaction in a foreign currency, any profit or loss arising as a result of fluctuation in the exchange rate of the relevant currencies will be for the account of the Client solely. CAL is entitled to convert one currency into the other for the purpose of undertaking any action or step taken by CAL under this Agreement in such manner and at such time as it may in its absolute discretion determine. 7.3 Any profit or loss resulting from exchange rate fluctuations affecting such other currency will be entirely for the Client’s account and risk. Such profit or loss will accordingly be credited or debited (as the case may be) to the Account.

XXXX HELD FOR THE CLIENT. 10.1 華南香港的客戶款項所獲取的對待及處理須符合《證券及期貨條例》及其有關規則條文的規定，因此不時代客戶收取的有關款項將被存入在認可財務機構或獲證監員會批准的任何其他人士處開立而為持有有關的客戶款項目的而在香港開立及維持的獨立賬戶。客戶同意華南香港有權為其本身的益處保留及無須向客戶交代任何代客戶持有的款項所產生的利息款額。 Client money of the Broker shall be treated and dealt with in compliance with the provisions of the Securities and Futures Ordinance and relevant rules made thereunder and relevant client money from time to time received on the Client’s behalf will be paid into a segregated account for client money maintained in Hong Kong with an authorized financial institution or any other person approved by the SFC. The Client agrees that the Broker shall be entitled to retain for its own benefit and not be accountable to the Client for any amounts of interest derived from the holding of client money on the Client’s behalf. 10.2 客戶之賬戶將按華南香港接獲客戶指示之貨幣(「參考貨幣」)入賬，且其中之一切交易均以該貨幣記錄，而就任何交易所或市場以任何其他貨幣結算之任何賬戶證券交易亦然。 The Client’s Account shall be maintained, and all Transaction conducted, in such currency as instructed by the Client (“Reference Currency”) and in respect of any Transaction on any Account effected on any exchange or market in any other currency. 10.3 因有關上述其他貨幣之匯率波動而產生之任何盈虧將全部由客戶享有及承擔風險，故此會在上述賬戶入賬或扣除(視乎情況而定)。 Any profit or loss resulting from exchange rate fluctuations affecting such other currency will be entirely for the Client’s account and risk. Such profit or loss will accordingly be credited or debited (as the case may be) to the Client’s Account. 10.4 在《證券及期貨條例》及其有關規則的規限下，客戶代表客戶自己及其聯屬人持續授權華南香港及其聯屬人(於無義務的情況下)於兩個或以上客戶及客戶的聯屬人於華南香港及其聯屬人開設的帳戶(無論是任何性質及是否個別或聯名的賬戶)之間進行款項轉撥而無需客戶或客戶的聯屬人任何進一步的同意或被知會，藉此清算或減低客戶或任何其聯屬人須向華南香港或其聯屬人所須履行的責任或償付的債項。 Subject to the provisions of the SFO and relevant rules made thereunder, the Broker and its Affiliates shall have the Client’s standing authorization given on behalf of the Client itself and its Affiliates to (without being obliged so to do) effect fund transfers between any two or more of the Client itself and its Affiliates accounts maintained with the Broker and its Affiliates (of whatever nature and whether individually or jointly with others) for the purpose of discharging or reducing the Client or any of its Affiliates' obligations or indebtedness towards the Broker or its Affiliates and without further consent from or any notice to the Client or its Affiliates.