BUX Custody. 4.1 BUX uses BUX Custody for the safekeeping of the Financial Instruments and money for Clients. BUX Custody is a passive entity (a foundation, in Dutch: “stichting”), which a sole purpose: holding Financial Instruments and money for Clients. This ensures that positions in Financial Instruments and money of Clients are segregated from the capital of BUX and - in case of bankruptcy of BUX - the Financial Instruments and money of Clients fall outside the bankruptcy (liquidation estate) of BUX.
Appears in 4 contracts
Samples: getbux.com, getbux.com, getbux.com
BUX Custody. 4.1 BUX uses BUX Custody for the safekeeping of the Financial Instruments and money for Clients. BUX Custody is a passive entity (a foundation, in Dutch: “stichting”), which has a sole purpose: holding Financial Instruments and money for Clients. This ensures that positions in Financial Instruments and money of Clients are segregated from the capital of BUX and - in case of bankruptcy of BUX - the Financial Instruments and money of Clients fall outside the bankruptcy (liquidation estate) of BUX.
Appears in 3 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
