Client Money Account definition

Client Money Account means a current or deposit account at a third party bank that is in our name, but includes in its title an appropriate description to indicate that it holds only clients’ money in accordance with our regulatory responsibility and is used to hold the money of one or more clients.

Client Money Account means a current or deposit account opened with the Bank by IFSLfor the purposes of holding Client Money only. Each Client Money Account may hold the money of more than one investor in the Services, however, it may not hold IFSL’s own funds;

Client Money Account means a pooled Client Money bank Account in the name of Parmenion Capital Partners Client Account held with an approved bank or credit institution as we from time to time determine.

Examples of Client Money Account in a sentence

• Once we receive your notice we will transfer any unencumbered funds held by us to a Client Money Account.

• The Platform will not be liable for any losses, damages or costs arising from its conduct of these checks or the Member’s inability to make investments and transfer money into the Client Money Account while the checks are pending or as a result of the unsatisfactory completion of the checks.

• The money remitted by Members into the Client Money Account will be subject to protection conferred by the DFSA’s Client Money Provisions.

• Once the investment is completed, the money will be transferred, along with the money committed by other investors, from the Client Money Account to the investee entity.

• Upon signing the ISA, the Member is required to transfer the amount it has committed into a Client Money Account controlled by a Platform appointed financial institution that will hold Client Money.

More Definitions of Client Money Account

Client Money Account has the meaning given to it in clause 28.2 of this Customer Agreement

Client Money Account means the designated client money bank account with

Client Money Account means an account held with a banking institution for the purposes of holding Client Money in the name of Ebury Markets and which is designated as a client account.

Client Money Account means the ALT21 Client Money bank account which we specify in the Order Confirmation.

Client Money Account means a current or deposit account at a bank that is in our name. Its title will also include an appropriate description to indicate that it holds only clients’ money in accordance with our regulatory responsibilities. Each Client Money Account is used to hold the money of one or more clients.

Client Money Account means a bank account which meets the requirements of the FCA Client Money Rules or the equivalent provision(s) of any successor rules or regulations.

Client Money Account means the bank account opened and maintained by SmartFunding designated to hold the Funds;