Client Assets. 4.1 Your funds will be at all times segregated from our funds as provided for in the Applicable Regulations. In case of our insolvency, your funds will not form a part of our proprietary assets under the Applicable Regulations or the laws of Mauritius on insolvency.
Client Assets. Client is the sole owner of all assets in the Account and (i) there are no restrictions on the transfer, sale or public distribution of any such assets and (ii) no option, lien, charge, security or encumbrance exists over such assets, except as disclosed to Manager in writing.
Client Assets. We are the sole owner of all Account Assets and (1) there are no restrictions on the transfer, sale or public distribution of any such Account Assets and (2) no option, lien, charge, security or encumbrance exists over such Account Assets, except as described to you in writing.
Client Assets. We are an approved bank. We will hold your money as banker, rather than as trustee. The protections provided under the Financial Conduct Authority rules on client money will not apply to your money that is held by us. In the unlikely event of the failure of Commerzbank AG, the FCA client money distribution rules will also not apply to your money that we hold and you will not be entitled to share in any distribution made under these rules. However, the protections under the UK Financial Services Compensation Scheme and/or the Einlagensicherungsfonds [Deposit Protection Fund of the Federation of German Banks, ESF] and/or the Entschädigungseinrichtung deutscher Banken [Compensation Scheme of German Banks, EdB] may apply.”
Client Assets. 4.1 Your funds will be at all times segregated from our funds as provided for in the Applicable Regulations. In case of our insolvency, your funds will not form a part of our proprietary assets under the Applicable Regulations or the laws of SVG on insolvency.
Client Assets. 20.1. Where your purchase Instruments which require to be held with a custodian (“Custody Assets”), you agree that we will arrange for a custodian to be appointed to safeguard and administer the Custody Assets and to otherwise act as custodian of the Custody Assets. We will not be responsible for the solvency, acts or omissions of any custodian with which the Custody Assets are held except where we have acted negligently, fraudulently or in willful default in relation to the appointment of a custodian. Consequently, if the custodian becomes insolvent, there may be some risk to your Custody Assets.
Client Assets. (i) The following provisions set out the terms and conditions of our custody services. Please refer to the Client Assets Key Information Document (“CAKID”), which has been provided to you separately. The objective of the CAKID is to provide you with important information (in addition to that set out in the Customer Agreement) to help you understand how and where Client funds and Client financial instruments (together, “Client Assets”) will be held by IBIE, and to highlight the associated risks.
Client Assets unless separately agreed by us in writing we will not provide custodian services to you in relation to safe custody assets. However, from time to time where we may hold custody assets we shall do so in compliance with the FCA Rules which may include holding them through a nominee which is an affiliate of ours.
Client Assets. 7.1 All monies, securities or other property received by CJF HK from the Client or from any other person (including the Clearing House) for the account of the Client shall be held by CJF HK as trustee, segregated from CJF HK's own assets and paid into a Segregated Bank Account, a Segregated Debt Securities Account or a Segregated Securities Account (as the case may be), and that all monies, securities or other property so held by CJF HK shall not form part of the assets of CJF HK for insolvency or winding up purposes but shall be returned to the Client promptly upon the appointment of a provisional liquidator, liquidator or similar officer over all or any part of CJF HK's business or assets.
