Client Money Bank Account definition

Client Money Bank Account means an account at an approved bank in the name of a licensee which includes, in its title, an appropriate description to distinguish the money in the account from a licensee’s own money;

Client Money Bank Account means the account at an approved bank or credit institution that contains Client Money in accordance with the Irish Client Asset Rules;

Client Money Bank Account means the account at an approved bank or CRD Credit Institution that contains Client Money in accordance with the FCA Handbook of rules and guidance;

Examples of Client Money Bank Account in a sentence

• All monies received by the Product Provider in respect of your Platform Products will be held by the Product Provider in a Client Money Bank Account.

• When considering where a Client Money Bank Account should be held, the Product Provider will exercise all due skill, care and diligence and will periodically review the adequacy and appropriateness of any bank or credit institution where Client Money is deposited and of the arrangements for holding Client Money.

• Client Money Bank Account A client bank account which is used to hold Client Money in accordance with the FCA Rules.

• All money held on your behalf will be deposited in a Client Money Bank Account in the name of Synergy Financial Products Limited with an approved bank or credit institution.

• If you would like to know the amount of commission that we are paid in respect of your insurance contract, this information is available on request Earning interest in customer premiums We hold premiums that you pay us in a Client Money Bank Account.

• Under FCA Regulations if you are classified as a Consumer customer we have to inform you that we may earn interest from the money held in our Client Money Bank Account which may exceed £20 for any one transaction that you make with us.

• All such bonuses, if any, shall be paid to Employee by no later than October fifteenth of each year of the term of this Agreement.

• Premiums collected from you will be segregated and held by us as trustee on your behalf in a Client Money Bank Account (set up as a trust in accordance with strict rules issued by our regulators).

• Third Platform Services will pay interest on Client Money at such rate as it may specify and such interest will be credited to each Client Money Bank Account not less than once every six months.

• We may withdraw money from the Client Money Bank Account for Fees and Charges due to us.

More Definitions of Client Money Bank Account

Client Money Bank Account means a current or deposit account at an Approved Bank that Barclays Investment Solutions holds in its own name to hold the money of one or more clients and that is appropriately titled to distinguish the money in the account from Barclays Investment Solutions’ own.

Client Money Bank Account means the bank account into which One Call received

Client Money Bank Account means a client bank account which is used to hold Client Money in accordance with the FCA Rules.