CLIENTS FUNDS. The Company treats any funds received by the Client as Client’s Funds in accordance with the provisions of the Applicable Laws and Regulations regarding holding clients’ money. It is noted that funds belonging to the Client that will be used only for trading purposes will be kept in accounts with credit institutions pursuant to the Applicable Rules and Regulations. The Company holds Client’s money with authorised credit institutions in the Republic of Cyprus and the European Union, however it may also hold Client’s money in a bank established outside the European Union. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency or any other analogous events in relation to that bank, Clients’ funds may be treated differently than if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. The Company has exercised all due care, skill and diligence in the selection, appointment and periodic review of such credit institutions and payment service providers. The Client’s funds are kept in bank accounts denominated as Clients’ funds and clearly segregated from the Company’s own funds. Funds deposited may be kept in one or more omnibus accounts with any authorised regulated credit institution which will be specified from time to time and will be held in the Company’s name denominated as Clients’ funds. The Company may hold Clients’ money in omnibus accounts with third party financial and credit institutions. In this respect, the Client is warned that there is a risk of loss emanating from the use of omnibus accounts in financial or credit institutions. Omnibus accounts may also hold other types of risks including legal, liquidation risk, haircut risk, third party risk etc. It is commonly understood that the Company may charge fees for withdrawals of money transferred out of Client’s Trading Account. It remains the Client’s responsibility to be aware at all times of the transfer fees and/or any other fees and charges which are charged directly by the credit institution and any other payment service providers which the Company collaborates. The full list of the payment service providers that the Company collaborates is available in its website, along with the competent authority which supervises them. Where ...
CLIENTS FUNDS. Funds belonging to you that will be used for trading purposes will be kept in a segregated account or accounts with any bank or financial institution used to accept funds which the Company will specify from time to time and will be held on clients’ denoted accounts under the Company’s name. It is noted that the Company’s own funds are kept on separate accounts from the Customer’s funds denoted “clients’ funds account”. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. The Company has duty to and shall exercise due skill, care and diligence in the selection and monitoring of the financial institution according to paragraph of this Agreement. However, it is understood that there are circumstances beyond the control of the Company and hence the Company does not accept any liability or responsibility for any resulting losses to the Customer as a result of the insolvency or any other analogous proceedings or failure of the financial institution where Client money will be held. By accepting the Agreement, you authorize the Company to make any deposits and withdrawals from the Bank Account on your behalf including, without prejudice to the generality of the above, withdrawals for the settlement of all transactions undertaken under the Agreement and all amounts which are payable by or on behalf of the Client to the Company or any other person. It is commonly understood that any amount payable by the Company to you, shall be paid directly to you to a bank account the beneficial owner of which is you. Fund transfer requests are processed by the Company within the time period specified on the Company’s official website and the time needed for crediting into your personal account will depend on your bank account provider. The Company retains a right of set off and may, at its discretion, from time to time and without your authorization, set-off any amounts held on behalf and/or to the credit of you against your obligation to the Company. Unless otherwise agreed in writing by the Company and you, this Agreement shall not give rise to rights of credit facilities. You have the right to withdraw the funds which are not used for margin covering, free from any obligations from your Account without closing the said Account. The Company reserves the right to decline a withdrawal request if the request is not in accordance with certain conditions mentioned in this Agreement or delay the processing of the request...
CLIENTS FUNDS. 16.1. The Company will promptly place any Client money it receives into one or more segregated account(s) with reliable financial institutions (i.e. an intermediate broker, a bank, a market, a settlement agent, a clearing house or OTC counterparty) and the Client funds will be segregated from the Company’s own money and cannot be used in the course of its business.
CLIENTS FUNDS. 15.1. The Company will promptly place any Client Funds it receives into one or more segregated account(s) with reliable financial institutions such as a bank or a credit institution and the Client funds will be segregated from the Company’s own money and cannot be used in the course of its business.
CLIENTS FUNDS. 17.1 The Affiliate will make clear and understandable to the Clients, that the Company does not accept third party payments and hence all funds provided by the Client will be paid by the Client directly towards the Company’s designated segregated bank account(s) or those of the Company’s clearing firm as notified by the Company. Any payment due and payable by the Client to the Company must be made by telegraphic transfer or any other method of electronic funds transfer acceptable by the Company.
CLIENTS FUNDS. 9.1 The Client's funds which will be used for the sale/purchase of Financial Instruments shall be deposited in the Prochoice Chimatistiriaki Client's bank accounts at the Banks that the company keeps such client accounts in Cyprus or abroad (hereinafter called "the Bank Account") and/or in the Company's account (clients' account).
CLIENTS FUNDS. 1. The Available Funds are held in the client money bank account by the Product Provider, which is separate to the investor's Nominated Bank Account. We will require the Product Provider to hold your Available Funds in accordance with the rules of the Financial Conduct Authority in the United Kingdom.
CLIENTS FUNDS. 15.1. The Company will promptly place any Client Funds it receives into one or more segregated account(s) with reliable financial institutions such as a bank or a credit institution and the Client Funds will be segregated from the Company’s own money and cannot be used in the course of its business. BDSwiss Holding Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission, License No 199/13 Address: Xxxxxxxxx Xxxxxx Xxxxxx 11, Hyper Tower, 4th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus Tel: +000 00 000 000 | Fax: +000 00 000 000 | Email: xxxxxxx@xxxxxxx.xxx
CLIENTS FUNDS. 9.1 The Company shall be entitled to deposit the Client’s funds in banks and correspondent banks which have been approved by the Company. The Company undertakes not to use the Client’s credit account for its own benefit or for the benefit of any of its clients, in accordance with Article 3503 of the “Business Conduct Regulation in Capital Markets – Series 3000”.
CLIENTS FUNDS. 9.1 When there is an incoming transfer of funds into the Client’s Payment Account, LunaPay places the funds into segregated accounts held with authorised credit institutions to safeguard and protect Client’s funds in accordance with applicable laws and regulations of England and Wales.
