CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank. 11.2 Interest is not payable by AvaTrade on client funds deposited by Customer. 11.3 All funds, securities, currencies, and other property of Customer which AvaTrade or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade whether or not AvaTrade has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTrade. 11.4 AvaTrade may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. 11.5 Customer hereby also grants to AvaTrade the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade as margin or security. 11.6 AvaTrade shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade for any account of Customer. 11.7 This authorization shall apply to all accounts carried by AvaTrade for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade from its home office. 11.8 Any failure by AvaTrade to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTrade. 11.9 AvaTrade is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade deems necessary or desirable to evidence or to protect AvaTrade’s interest with respect to any collateral. 11.10 In the event that the collateral deemed acceptable to AvaTrade is at any time insufficient to satisfy Customer’s indebtedness or other obligations to Ava, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit. 11.11 Client Assets held within and outside Ireland: 11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U. 11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm. 11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held. 11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland. 11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland. 11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 2 contracts
Sources: Customer Agreement, Customer Agreement
CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 Interest is not payable by AvaTrade FNory on client funds deposited by Customer.
11.3 11.2 All funds, securities, currencies, and other property of Customer which AvaTrade FNory or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade FNory as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade FNory whether or not AvaTrade FNory has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTradeFNory.
11.4 AvaTrade 11.3 FNory may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 11.4 Customer hereby also grants to AvaTrade FNory the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade FNory as margin or security.
11.6 AvaTrade 11.5 FNory shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade FNory for any account of Customer.
11.7 11.6 This authorization shall apply to all accounts carried by AvaTrade FNory for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade FNory from its home office.
11.8 11.7 Any failure by AvaTrade FNory to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTradeFNory.
11.9 AvaTrade 11.8 FNory is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade FNory deems necessary or desirable to evidence or to protect AvaTradeFNory’s interest with respect to any collateral.
11.10 11.9 In the event that the collateral deemed acceptable to AvaTrade FNory is at any time insufficient to satisfy Customer’s indebtedness or other obligations to AvaFNory, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 2 contracts
Sources: Customer Agreement, Customer Agreement
CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 11.1. Interest is not payable by AvaTrade Infinex on client funds deposited by Customer.
11.3 11.2. All funds, securities, currencies, and other property of Customer which AvaTrade Infinex or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade Infinex as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade Infinex whether or not AvaTrade Infinex has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTradeInfinex.
11.4 AvaTrade 11.3. Infinex may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 11.4. Customer hereby also grants to AvaTrade Infinex the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade Infinex as margin or security.
11.6 AvaTrade 11.5. Infinex shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade Infinex for any account of Customer.
11.7 11.6. This authorization shall apply to all accounts carried by AvaTrade Infinex for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade Infinex from its home office.
11.8 11.7. Any failure by AvaTrade Infinex to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTradeInfinex.
11.9 AvaTrade 11.8. Infinex is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade Infinex deems necessary or desirable to evidence or to protect AvaTradeInfinex’s interest with respect to any collateral.
11.10 11.9. In the event that the collateral deemed acceptable to AvaTrade Infinex is at any time insufficient to satisfy Customer’s indebtedness or other obligations to AvaInfinex, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Customer Agreement
CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 11.1. Interest is not payable by AvaTrade Tample on client funds deposited by Customer.
11.3 11.2. All funds, securities, currencies, and other property of Customer which AvaTrade Tample or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade Tample as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade Tample whether or not AvaTrade Tample has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTradeTample.
11.4 AvaTrade 11.3. Tample may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 11.4. Customer hereby also grants to AvaTrade Tample the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade Tample as margin or security.
11.6 AvaTrade 11.5. Tample shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade Tample for any account of Customer.
11.7 11.6. This authorization shall apply to all accounts carried by AvaTrade Tample for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade Tample from its home office.
11.8 11.7. Any failure by AvaTrade Tample to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTradeTample.
11.9 AvaTrade 11.8. Tample is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade Tample deems necessary or desirable to evidence or to protect AvaTradeTample’s interest with respect to any collateral.
11.10 11.9. In the event that the collateral deemed acceptable to AvaTrade Tample is at any time insufficient to satisfy Customer’s indebtedness or other obligations to AvaTample, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Customer Agreement
CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 Interest is not payable by AvaTrade on client funds deposited by Customer.
11.3 All funds, securities, currencies, and other property of Customer which AvaTrade or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade whether or not AvaTrade has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTrade.
11.4 AvaTrade may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 Customer hereby also grants to AvaTrade the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade as margin or security.
11.6 AvaTrade shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade for any account of Customer.
11.7 This authorization shall apply to all accounts carried by AvaTrade for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade from its home office.
11.8 Any failure by AvaTrade ▇▇▇▇▇▇▇▇ to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTrade.
11.9 AvaTrade is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade ▇▇▇▇▇▇▇▇ deems necessary or desirable to evidence or to protect AvaTrade▇▇▇▇▇▇▇▇’s interest with respect to any collateral.
11.10 In the event that the collateral deemed acceptable to AvaTrade is at any time insufficient to satisfy Customer’s indebtedness or other obligations to Ava, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Customer Agreement
CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 14.1 Interest is not payable by AvaTrade Tradeska on client funds deposited by Customer.
11.3 14.2 All funds, securities, currencies, and other property of Customer which AvaTrade Tradeska or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade Tradeska as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade Tradeska whether or not AvaTrade Tradeska has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have mayhave with AvaTradeTradeska.
11.4 AvaTrade 14.3 Tradeska may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s Customer‟s accounts.
11.5 14.4 Customer hereby also grants to AvaTrade Tradeska the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as a broker or to others, any securities or other property of Customer held by AvaTrade Tradeska as margin or security.
11.6 AvaTrade 14.5 Tradeska shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade Tradeska for any account of Customer.
11.7 14.6 This authorization shall apply to all accounts carried by AvaTrade Tradeska for Customer and shall remain in full force until all untilall accounts are fully paid for by arefully paidforby Customer or notice ornotice of revocation is sent by AvaTrade Tradeska from its home officehomeoffice.
11.8 14.7 Any failure by AvaTrade Tradeska to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTradeTradeska.
11.9 AvaTrade 14.8 Tradeska is irrevocably appointed as attorney attorney-in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade Tradeska deems necessary or desirable to evidence or to protect AvaTrade’s Tradeska‟s interest with respect to any collateral.
11.10 14.9 In the event that the collateral deemed acceptable to AvaTrade Tradeska is at any time insufficient to satisfy Customer’s Customer‟s indebtedness or other obligations to AvaTradeska, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Customer Agreement
CUSTOMER ASSETS. 11.1 10.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 10.2 Interest is not payable by AvaTrade RaiseFX on client funds deposited by Customer.
11.3 10.3 All funds, securities, currencies, and other property of Customer which AvaTrade RaiseFX or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade RaiseFX as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade RaiseFX whether or not AvaTrade RaiseFX has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTradeRaiseFX.
11.4 AvaTrade 10.4 RaiseFX may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 10.5 Customer hereby also grants to AvaTrade RaiseFX the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade RaiseFX as margin or security.
11.6 AvaTrade 10.6 RaiseFX shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade RaiseFX for any account of Customer.
11.7 10.7 This authorization shall apply to all accounts carried by AvaTrade RaiseFX for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade RaiseFX from its home office.
11.8 10.8 Any failure by AvaTrade RaiseFX to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTradeRaiseFX.
11.9 AvaTrade 10.9 RaiseFX is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade RaiseFX deems necessary or desirable to evidence or to protect AvaTradeRaiseFX’s interest with respect to any collateral.
11.10 10.10 In the event that the collateral deemed acceptable to AvaTrade RaiseFX is at any time insufficient to satisfy Customer’s indebtedness or other obligations to AvaRaiseFx, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Customer Agreement
CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 Interest is not payable by AvaTrade FNory on client funds deposited by Customer.
11.3 11.2 All funds, securities, currencies, and other property of Customer which AvaTrade FNory or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of guarantorof the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade as security FNory assecurity and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade FNory whether or not AvaTrade FNory has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have mayhave with AvaTradeFNory.
11.4 AvaTrade 11.3 FNory may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 11.4 Customer hereby also grants to AvaTrade FNory the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade FNory as margin or security.
11.6 AvaTrade 11.5 FNory shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade FNory for any account of Customer.
11.7 11.6 This authorization shall apply to all accounts allaccounts carried by AvaTrade FNory for Customer and Customerand shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade FNory from its home officehomeoffice.
11.8 11.7 Any failure by AvaTrade FNory to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTradeFNory.
11.9 AvaTrade 11.8 FNory is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade FNory deems necessary or desirable to evidence or to protect AvaTradeFNory’s interest with respect to any collateral.
11.10 11.9 In the event that the collateral deemed acceptable to AvaTrade FNory is at any time insufficient to satisfy Customer’s indebtedness or other obligations to AvaFNory, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Customer Agreement
CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central BankFCA.
11.2 Interest is not payable by AvaTrade on client funds deposited by Customer.
11.3 All funds, securities, currencies, and other property of Customer which AvaTrade or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade whether or not AvaTrade has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTrade.
11.4 AvaTrade may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 Customer hereby also grants to AvaTrade the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade as margin or security.
11.6 AvaTrade shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade for any account of Customer.
11.7 This authorization shall apply to all accounts carried by AvaTrade for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade from its home office.
11.8 Any failure by AvaTrade ▇▇▇▇▇▇▇▇ to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTrade.
11.9 AvaTrade is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade ▇▇▇▇▇▇▇▇ deems necessary or desirable to evidence or to protect AvaTrade▇▇▇▇▇▇▇▇’s interest with respect to any collateral.
11.10 In the event that the collateral deemed acceptable to AvaTrade is at any time insufficient to satisfy Customer’s indebtedness or other obligations to Ava, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Irelandthe United Kingdom:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.United Kingdom.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Customer Agreement
CUSTOMER ASSETS. 11.1 10.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 10.2 Interest is not payable by AvaTrade RaiseFX on client funds deposited by Customer.
11.3 10.3 All funds, securities, currencies, and other property of Customer which AvaTrade RaiseFX or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade RaiseFX as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade RaiseFX whether or not AvaTrade RaiseFX has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTradeRaiseFX.
11.4 AvaTrade 10.4 RaiseFX may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 10.5 Customer hereby also grants to AvaTrade RaiseFX the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade RaiseFX as margin or security.
11.6 AvaTrade 10.6 RaiseFX shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade RaiseFX for any account of Customer.
11.7 10.7 This authorization shall apply to all accounts carried by AvaTrade RaiseFX for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade RaiseFX from its home office.
11.8 10.8 Any failure by AvaTrade ▇▇▇▇▇▇▇ to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTrade▇▇▇▇▇▇▇.
11.9 AvaTrade 10.9 RaiseFX is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade RaiseFX deems necessary or desirable to evidence or to protect AvaTradeRaiseFX’s interest with respect to any collateral.
11.10 10.10 In the event that the collateral deemed acceptable to AvaTrade RaiseFX is at any time insufficient to satisfy Customer’s indebtedness or other obligations to AvaRaiseFx, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Platform Services Agreement
CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 Interest is not payable by AvaTrade Tradeska on client funds deposited by Customer.
11.3 11.2 All funds, securities, currencies, and other property of Customer which AvaTrade Tradeska or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade Tradeska as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade Tradeska whether or not AvaTrade Tradeska has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTradeTradeska.
11.4 AvaTrade 11.3 Tradeska may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 11.4 Customer hereby also grants to AvaTrade Tradeska the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker abroker or to others, any securities or other property of Customer held by AvaTrade Tradeska as margin or security.
11.6 AvaTrade 11.5 Tradeska shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade Tradeska for any account of Customer.
11.7 11.6 This authorization shall apply to all accounts carried by AvaTrade Tradeska for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade Tradeska from its home office.
11.8 11.7 Any failure by AvaTrade Tradeska to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTradeTradeska.
11.9 AvaTrade 11.8 Tradeska is irrevocably appointed as attorney attorney-in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade Tradeska deems necessary or desirable to evidence or to protect AvaTradeTradeska’s interest with respect to any collateral.
11.10 11.9 In the event that the collateral deemed acceptable to AvaTrade Tradeska is at any time insufficient to satisfy Customer’s indebtedness or other obligations to AvaTradeska, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Customer Agreement
CUSTOMER ASSETS. 11.1 Customer funds will be held in accordance with the ‘Client Asset Requirements’ issued by the Central Bank.
11.2 10.1. Interest is not payable by AvaTrade BCR on client funds deposited by Customer.
11.3 10.2. All funds, securities, currencies, and other property of Customer which AvaTrade BCR or its affiliates may at any time be carrying for Customer (either individually, jointly with others, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by AvaTrade BCR as security and subject to a general lien and right of set-off for liabilities of Customer to AvaTrade BCR whether or not AvaTrade BCR has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with AvaTradeBCR.
11.4 AvaTrade 10.3. BCR may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts.
11.5 10.4. Customer hereby also grants to AvaTrade BCR the right to pledge, re-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by AvaTrade BCR as margin or security.
11.6 AvaTrade 10.5. BCR shall at no time be required to deliver to Customer the identical property delivered to or purchased by AvaTrade BCR for any account of Customer.
11.7 10.6. This authorization shall apply to all accounts carried by AvaTrade BCR for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by AvaTrade BCR from its home office.
11.8 10.7. Any failure by AvaTrade BCR to enforce its rights hereunder shall not be deemed a future waiver of such rights by AvaTradeBCR.
11.9 AvaTrade 10.8. BCR is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that AvaTrade BCR deems necessary or desirable to evidence or to protect AvaTradeBCR’s interest with respect to any collateral.
11.10 10.9. In the event that the collateral deemed acceptable to AvaTrade BCR is at any time insufficient to satisfy Customer’s indebtedness or other obligations to AvaBCR, including obligations to provide margin hereunder, Customer shall promptly pay upon demand the entire amount of such deficit.
11.11 Client Assets held within and outside Ireland:
11.11.1 Any funds received by AvaTrade from Customer will be deposited in a client account with one of its appointed credit institutions within the E.U.
11.11.2 Our appointed credit institutions have confirmed to us in writing that they will designate accounts in such a way that sufficiently distinguishes the client account from any account containing funds belonging to the firm.
11.11.3 AvaTrade’s approved credit institutions have also confirmed in writing that they will provide daily statements in respect of client funds held.
11.11.4 Please be aware that the legal and regulatory regime of our approved credit institutions outside Ireland with which we place client funds are different to the laws applicable in Ireland.
11.11.5 Accordingly, in the event of default of the applicable credit institutions, client funds may be treated differently than they would be in Ireland.
11.11.6 By accepting these terms and conditions Customer hereby consents to client funds being held with credit institutions outside of Ireland.
Appears in 1 contract
Sources: Terms and Conditions