Common use of Client Money Handling Rules Clause in Contracts

Client Money Handling Rules. 16.1. The Company will promptly place any Client money it receives into one or more segregated account(s) (denoted as ‘client accounts’) with reliable financial institutions chosen by the Company such as a central bank, a credit institution or a bank authorized in a third country or a qualifying money market fund. It is understood that the Client has the right to object to his money being held with a qualifying money market fund.

Client Money Handling Rules. 16.1. 16.1 The Company will promptly place any Client money it receives into one or more segregated account(s) (denoted as ‘client accounts’) with reliable financial institutions chosen by the Company such as a central bank, a credit institution or a bank authorized in a third country or a qualifying money market fundfund and cannot be used in the course of the business. It is understood that the Client has the right to object to his money being held with a qualifying money market fund.

Client Money Handling Rules. 16.1. The Company will promptly place any Client money it receives into one or more segregated segre- gated account(s) (denoted as ‘client client’ accounts’) with reliable financial institutions chosen by the Company such as a central bank, a credit institution or a bank authorized authorised in a third country or a qualifying money market fund. It is understood that the Client has the right to object to his money being held with a qualifying money market fund.

Client Money Handling Rules. 16.1. The Company will promptly place any Client money it receives into one or more segregated account(s) (denoted as ‘client accounts’) with reliable financial institutions chosen by the Company such as a central bankcredit institution, a credit institution or a bank authorized in a third country or a qualifying money market fund. It is understood that the Client has the right Company may keep merchant accounts in its name with payment services providers used to object settle payment transactions of its Clients. However it is noted that such merchant account are not used for safekeeping of client money but only to his money being held with a qualifying money market fundeffect settlements of payment transactions.

Client Money Handling Rules. 16.1. The Company will promptly place any Client money it receives into one or more segregated account(s) (denoted as ‘client Client’ accounts’) with reliable financial institutions chosen by the Company such as a central bank, a credit institution or a bank authorized authorised in a third country or a qualifying money market fund. It is understood that the Client has the right to object to his money being held with a qualifying money market fund.

Client Money Handling Rules. 16.117.1. The Company will promptly place any Client money it receives into one or more segregated segre- gated account(s) (denoted as ‘client client’ accounts’) with reliable financial institutions chosen by the Company such as a central bank, a credit institution or a bank authorized authorised in a third country or a qualifying money market fund. It is understood that the Client has the right to object to his money being held with a qualifying money market fund.

Client Money Handling Rules. 16.1. The Company will promptly place any Client money it receives into one or more segregated account(s) (denoted as ‘client accounts’) with reliable financial institutions chosen by the Company such as a central bank, a credit institution or a bank authorized authorised in a third country or a qualifying money market fund. It is understood that the Client has the right to object to his money being held with a qualifying money market fund.