Agent’s Client Accounts Clause Samples
Agent’s Client Accounts. 12.3.1 In circumstances where the Agent facilitates the operation of direct debit or third party online payment or EPOS payment schemes that will, in the first instance, have service charges and/or sinking fund payments credit an Agent’s Client Account, the Agent shall, prior to the operation of such schemes, advise the Client of their existence. The Agent shall detail to the OMC such schemes that are in operation and the processes involved.
12.3.2 The Agent shall transfer all Client moneys lodged to the Agent’s Client Account to the bank account nominated by the Client within 14 days.
Agent’s Client Accounts. 10.3.1 In circumstances where the Agent facilitates the operation of direct debit or third party online payment or EPOS payment schemes that will, in the first instance, have service charges and/or sinking fund payments credit an Agent’s Client Account, the Agent shall, prior to the operation of such schemes, advise the Client of their existence. The Agent shall detail to the client such schemes that are in operation and the processes involved.
10.3.2 The Agent shall transfer all Client moneys lodged to the Agent’s Client Account to the relevant bank account nominated by the Client within <specify period> OR <No later than 30 days>.