Compensation Amount. The amount of compensation payable to each covered Client is calculated in accordance with the legal and contractual terms governing the relation of the covered Client with the Company, subject to the off-set rules applied for the calculations of the Claims between the covered Client and the Company. The Calculation of the compensation payable derived from the sum of the total established claims of the covered Clients against the Company, arising from all covered services provided by the Company and regardless of the number of accounts of which the Client is a beneficiary, the currency and place of provision of these services. The total payable compensation to each covered Client of the Company may not exceed the amount of twenty thousand Euros (EUR 20,000) or 90% of the covered client’s claim, whichever is lower, irrespective of the number of accounts held, currency and place of offering the investment service. In the case whereby beneficiaries of a joint account of the Company are in their majority covered Clients:
Appears in 7 contracts
Samples: CFDS Client Agreement, CFDS Client Agreement, CFDS Client Agreement
