Common use of Segregation of Funds Clause in Contracts

Segregation of Funds. All money received from the Client or a person authorised by the Client is held in a separate Segregated Client Bank Account, which is ring-fenced and kept independent from the Company’s working and operating capital at all times. The Client agrees and acknowledges that, while client money is segregated from house money, all client funds are pooled in an “omnibus account” structure for clearing, typically by having a margin clearing account at a Prime Broker, or Prime of Prime account.

Segregation of Funds. All money received from the Client or a person authorised authorized by the Client is held in a separate Segregated Client Bank Account, which is ring-fenced and kept independent from the Company’s working and operating capital at all times. The Client agrees and acknowledges that, while client money is segregated from house money, all client funds are pooled together so an individual client balance may not be protected if there is a default in an “omnibus account” structure for clearing, typically by having a margin clearing the overall segregated account at a Prime Broker, or Prime of Prime accountbalance.

Segregation of Funds. All money received from the Client or a person authorised by the Client is held in a separate Segregated Client Bank Account, which is ring-fenced and kept independent from the Company’s working and operating capital at all times. The Client agrees and acknowledges that, while client money is segregated from house money, all client funds are pooled together so an individual client balance may not be protected if there is a default in an “omnibus account” structure for clearing, typically by having a margin clearing the overall segregated account at a Prime Broker, or Prime of Prime accountbalance.