Client Monies definition

Client Monies means assets consisting of money, as defined in the Financial Services (Trust Company Business (Assets - Customer Money)) (Jersey) Order 2000 or as defined in the equivalent or comparable legislation in Other Relevant Jurisdictions.
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Client Monies. (客戶款項) means monies an insurance broker has received from or held on behalf of a policy holder or potential policy holder and to which he is not entitled; (Added 76 of 1994 s. 3)
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Client Monies means assets consisting of money held by and in the name of Westwinds Offshore Services Limited on trust for an Interest holder. All money held in a client bank account is referred to as client money. All client bank accounts are held at recognised banks. A recognised bank is as defined in in paragraph 3.2 of the Financial Services Rule Book 2016 and includes a bank that holds a license issued by the Isle of Man Financial Services Authority or is authorised under the law of another acceptable country or territory to continue activities corresponding to deposit-taking. ‘CDD’ means information and documentation required to: ‘Conflict of Interest’ means any conflict of interest including but not limited to a conflict between (a) our interests; or (b) your or the Interest holders interests; or (c) the interests of an Arrangement; or (d) the interests of other Arrangements. ‘Directions’ means directions, consents or instructions, that you, an interest holder or an Authorised Person is appointed, entitled, empowered or authorised to give to a Westwinds Entity in respect of any Arrangement or Service. ‘Electronic’ and ‘Electronically’ means any form of message made by any type of telecommunication, digital or electronic or technological device. ‘Employee’ means any director, officer, consultant, agent, contractor or employee of any member of Westwinds. ‘Engagement Letter’ means the engagement letter entered into between the Administered Body, the initial client and us agreeing the Services and the terms on which the Services will be provided at inception. ‘Fee Schedule’ means the schedule of fees charged for a particular Service and related expenses as amended from time to time. ‘Governing Instrument’ means the document, instrument or deed creating or establishing or amending the Arrangement including any document which provides the framework for its governance and administration. ‘Information’ means all present and future information, including Personal Data and documents concerning an Arrangement, you, any Interested Person or an Authorised Person. ‘Interest’ shall mean the issued company shares, bonds, notes, warrants, options, grants, or other company securities, units, funds, shares, or other commitments, partnership interests, loans to an administered body other than by a Licenced Money Lender or Licensed Bank or any other ‘Interest holder’ shall mean any Interested Person, client, initial client or Beneficial Owner, directly or indirectly, of the Interests...
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Examples of Client Monies in a sentence

  • Warning about segregated accountsIt is important to note that the holding of Client Monies in one or more segregated accounts may not afford you or other Clients absolute protection.

  • We are entitled to transfer Client Monies to a similar bank account held in the name of any other company within the Group of Companies of which we are a part but the only for so long as such Company remains a member of such Group.

  • Each Obligor will give the Senior Lender notice of any suit or action brought in violation of said agreement.

  • Any Client Monies received post 9 July 2010 and held in BPP SA’s custody is available for immediate transfer, following settlement of any outstanding debts owed by the depositor, if applicable.

  • The JOLs will continue to seek agreements with depositors with respect to the split of Client Monies held by BPP SA on terms substantially the same as those sanctioned by the 14 May 2014 Grand Court Order.

  • The account will be operated, and all funds dealt with, in accordance with the APES 310 - Client Monies Regulations of CPA Australia and the Queensland Trust Account Act 1973.

  • The‘Commitment Fee’ if payable will be held by us as stakeholder in a Client Monies account.

  • As detailed in Previous Reports, Client Monies are currently being held in BPP SA’s custody on behalfof certain depositors, and are segregated from both BPP Cayman’s and BPP SA’s liquidation estates.

  • We are entitled to transfer Client Monies to a similar bank account held in the name of any other company within the Group of Companies of which we are a part but the only for so long as such Company remains a member of such Group In return for placing business with insurers underwriters and or other product providers we generally receive a commission from them which is a percentage of the annual premium that you are charged.

  • As detailed in Previous Reports, Client Monies are currently being held in BPP SA’s custody on behalf of certain depositors, and are segregated from both BPP Cayman’s and BPP SA’s liquidation estates.


More Definitions of Client Monies

Client Monies means any money (in whatever form) coming into a member or firm’s control which is the property of a client. “Control” means a situation where a member, acting either solely or in conjunction with any one or more persons who are partners of or in the employ of the member or firm, can authorise the transacting of client monies. The definition of client monies does not include:
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Related to Client Monies

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Contract Monitor means the Department employee identified in Section 1.6 of the IFB as the Contract Monitor.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Recovered materials means metal, paper, glass, plastic, textile, or rubber materials that have known recycling potential, can be feasibly recycled, and have been diverted and source separated or have been removed from the solid waste stream for sale, use, or reuse as raw materials, whether or not the materials require subsequent processing or separation from each other, but does not include materials destined for any use that constitutes disposal. Recovered materials as described above are not solid waste.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Client Materials means all works and materials supplied by or on behalf of the Client to the Consultant for incorporation into the Deliverables or for some other use in connection with the Services;

  • Client Data means all data or records of whatever nature in whatever form relating to the Client, its operations, facilities, assets, employees, students or otherwise relating to its business, whether subsisting at the date of this Agreement, or created or processed in connection with the Services or as provided by the Client to the Supplier in connection with the Services. Client Data shall include all Client Personal Data

  • Recovered material means waste materials and by-products recovered or diverted from solid waste, but the term does not include those materials and by-products generated from, and commonly reused within, an original manufacturing process.

  • Data Processing Equipment means any equipment, computer hardware, or computer software (and the lease or licensing agreements related thereto) other than Personal Computers, owned or leased by the Failed Bank at Bank Closing, which is, was, or could have been used by the Failed Bank in connection with data processing activities.

  • Customer User means an employee of Customer, a Customer Affiliate or Business Partner.

  • Customer Assets means the Customer’s infrastructure, data, software, materials, assets, equipment or other property owned by and/or licensed or leased to the Customer and which is or may be used in connection with the provision of the Goods and/or Services;

  • Contracted Vendors means all vendors who contract or who have contracted with the Owners pursuant to Bid No. 23-056 for Unit Price – Plumbing Services.

  • Customer Data means any content, materials, data and information that Authorized Users enter into the production system of a Cloud Service or that Customer derives from its use of and stores in the Cloud Service (e.g. Customer-specific reports). Customer Data and its derivatives will not include SAP’s Confidential Information.

  • Client Software means software that allows a Device to access or utilize the services or functionality provided by the Server Software.

  • Customer Deposits means deposits made by customers with respect to the purchase of goods or the performance of services.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • END USER CUSTOMER LOCATION means the physical location of the premises where an End User makes use of the telecommunications services.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Contracted vendor means any person, persons, or entity under contract or agreement with the HCA to provide goods or services for the provision or administration of PEBB benefits. The term "contracted vendor" includes subcontractors of the HCA and subcontractors of any person, persons, or entity under contract or agreement with the HCA that provide goods or services for the provision or administration of PEBB benefits.

  • Client means the Project lead of technical wing of the Purchaser for whose’ particular project the Goods / Services have been procured or any other person, duly appointed in writing, by the Client, for the time being or from time to time, to act as Client for the purposes of the Contract.

  • Collection site means the location of waste containers on collection day.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Customer-generator means a user of a net metering system.

  • Customer Usage Data means the Telecommunications Services usage data of a CLEC End User measured in minutes, sub-minute increments, message units, or otherwise, that is recorded by SBC-13STATE and forwarded to CLEC.

  • Customer means the State agency or other entity identified in a contract as the party to receive commodities or contractual services pursuant to a contract or that orders commodities or contractual services via purchase order or other contractual instrument from the Contractor under the Contract. The “Customer” may also be the “Buyer” as defined in the PUR 1001 if it meets the definition of both terms.