Client Money. Client money means any money that a firm receives from or holds for, or on behalf of, a unitholder in the course of, or in connection with, its business unless otherwise specified;
Client Money means the provisions of the FCA's Client Assets Sourcebook relating to client money. ‘Direct Account’ means any part of the FTSE 100 3 Year Defensive Deposit Plan 23, which is not an ISA. 'Exchange' means for the FTSE 100, London Stock Exchange plc.
Examples of Client Money in a sentence
As a result, the monies will not be subject to the protections provided by the FCA Client Money Rules and as such will not be segregated from Natixis’s own money, and may be used in the course of the Natixis’s business.
The Client is entitled to request at any time a statement of the Client Money held by the Firm for the Client under this Agreement in accordance with the Client Money Rules.
Client Money shall be segregated from Company’s own and held in accordance with applicable regulations regarding Clients money.
If the Firm becomes insolvent prior to fulfilment of its obligations in relation to (i), subject to and in accordance with the Client Money Rules the Potential Shortfall Amount will be available for distribution to the Client, and the Client will have a claim in respect of that Client Money as a result of the Firm's liability under (i).
The Firm shall not pay the Client interest, nor account to the Client for profits earned, on Client Money other than as expressly confirmed by the Firm to the Client in writing.
More Definitions of Client Money
Client Money means, in accordance with the Client Money Rules, money of any currency that the Firm receives or holds for the Client, or on the Client’s behalf, in the course of or in connection with, the business contemplated by the Agreement other than money which is due and payable by the Client to the Firm or any third party;
Client Money is any money that we handle in connection with the provision of our services to you, including money that we receive and hold on your behalf. We will treat all Client Money in accordance with the FCA’s rules that seek to protect Client Money in the event of our failure (“Client Money Rules”). We do not pay premium to insurers on your behalf until we have received it from you, nor will we pay claims or other monies due to you before they have been received from insurers (or other relevant third parties). However, in the event that we make any payment on your behalf or make any payment to you prior to our being in receipt of relevant funds from either yourself, insurers or other third parties, we shall be entitled, without prejudice to any other remedy available, to recover that amount by way of deducting that sum from any amount due to you, whether on the insurance upon which we have made payment to you or on your behalf, or on any other insurance we handle for you. Cash Accounts. We will treat any cash balances held by us for you in accordance with the Client Money Rules. This means that such monies are ring-fenced, held separately from our own money, and cannot be used for any purpose other than holding it on your behalf in the course of the provision of services to you. We will hold such cash in a client bank account with a bank approved by an appropriate regulatory authority (an “Approved Bank”) which will be a non-statutory trust account as defined in the Client Money Rules. Where such an account is maintained outside the United Kingdom, the legal and regulatory regime applying to the Approved Bank maintaining the account may well be different from that of the United Kingdom and in the event of the failure of the Approved Bank, Client Money held by such an Approved Bank may be treated in a different manner from that which would apply as if it were held by an Approved Bank in the United Kingdom. You may notify us if you do not wish your money to be held in a particular jurisdiction.
Client Money means all initial and variation cash Margin, option premiums and all other sums received from or due to you pursuant to the Customer Documents which is "Client Money" within the meaning of the Client Money Regulations;
Client Money means money that is paid into the Company and is held for the Client. It is calculated as money deposited by the Client in their Account, plus or minus any unrealised or realised profit or loss of an open position, plus or minus any amount that is due by the Client to the Company and vice versa.
Client Money means any money that the Company receives from the Client or hold for or on Client’s behalf subject to Client money safeguard provisions in accordance with applicable regulation in the course of, or in the connection with, the services provided by the Company;
Client Money means the provisions of the FCA's Client Assets Sourcebook relating to client money. ‘Custodian’ means Investec Wealth and Investment Limited.
Client Money means any money that the Company receives from the Client and/or may hold for and/or on behalf of the Client subject to Client money safeguarding provisions in accordance with applicable legislation and in the course of, and/or in connection with, the services provided by the Company.