Common use of Deposited cash and property Clause in Contracts

Deposited cash and property. The Client should get familiarized with the protections of the Client’s money or other property deposited by the Client for trading with Financial Instruments, particularly in the event of a firm’s insolvency or bankruptcy. The extent to which the Client may recover the Client’s money or other property may be governed by specific legislation or local rules. In some jurisdictions property which had been specifically identifiable as the Client’s own property will be appropriated in the same manner as cash for purposes of distribution in the event of a shortfall.

Deposited cash and property. The Client should get familiarized familiarize himself/herself with the protections of the Client’s accorded to money or other property deposited by the Client deposits for trading with Financial Instrumentsdomestic and foreign transactions, particularly in the event of a firm’s firm insolvency or bankruptcy. The extent to which the Client may recover the Client’s money or other property may be governed by specific legislation or local rules. In some jurisdictions property jurisdictions, property, which had been specifically identifiable as the Client’s own property own, will be appropriated pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.