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 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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Examples of Client Monies in a sentence

  • 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.

  • 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.

  • Please note that TUTMAN does not pay interest on such Client Monies.

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  • Interest holders should be aware that in the case of Client Monies being retained on a pooled account for a period of time greater than 30 days customer due diligence information relating to the Administered Body and all relevant Interest holders may be provided to the account holding bank, in accordance with Anti-Money Laundering procedures.

  • JTC may pool or otherwise commingle Client Monies in such a segregated account.

  • Interest on JTC designated accounts for Client Monies is only calculated on individual client balances of £5,000 or more (or currency equivalent) and held for a period of more than 30 consecutive days.

  • Where commingling of Client Monies (but not of Client Monies and JTC’s own monies) may occur, an Interest holder or Administered Body is only entitled to its own share of such commingled monies and any interest earned on such share of such monies.

  • JTC maintains individual designated accounts for Client Monies that are to be held for the short term, separate from its own monies and until accounts are opened in the name of the Client entity.

  • 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 then only for so long as such Company remains a member of such Group.


More Definitions of Client Monies

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: • identify and verify the identity of you and any other person or Interest holder connected to the Arrangement including the Beneficial Owner of any Assets contributed to an Arrangement. • identify the source of Assets contributed to an Arrangement and the source of wealth from which such Assets derive; and • enable us to assess the extent to which we may be exposed to risk. ‘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 s...
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Related to Client Monies

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

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

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

  • Client Data means personal data of data subjects, such as your employees, associates or partners, that is provided to S&P Global Ratings during the provision by S&P Global Ratings of the Services to you, such as name, job title, name of employer, office email address, office physical address, internet protocol address, office telephone number and language selection (and excludes special categories of personal data);

  • 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 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 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.