Common use of System Contracts Clause in Contracts

System Contracts. 7.2.1 Provided the Client has sufficient funds in the Account, or if the Client does not have sufficient funds or the Client does not have an Account, after Moneycorp has received cleared funds from the Client for the Settlement of a Contract (including any balance payable for a Contract in respect of which the Client has paid a Margin), the currency the Client has bought will be sent by electronic transfer to the destination the Client specifies. It will be the Client’s responsibility to ensure that Moneycorp is provided with payment instructions in good time before the Value Date. Moneycorp will make every effort to effect the Client’s payment at the time the Client specifies, but Moneycorp does not guarantee the timing of any such payment.

System Contracts. 7.2.1 Provided the Client has sufficient funds in the Account, or if the Client does not have sufficient funds or the Client does not have an Account, after Moneycorp has received cleared funds from the Client for the Settlement of a Contract (including any balance payable for a Contract in respect of which the Client has paid a Margin), the currency the Client has bought and/or wishes to transfer will be sent by electronic transfer to the destination the Client specifies. It will be the Client’s responsibility to ensure that Moneycorp is provided with payment instructions in good time before the Value Date. Moneycorp will make every effort to effect the Client’s payment at the time the Client specifies, but Moneycorp does not guarantee the timing of any such payment.

System Contracts. 7.2.1 Provided the Client has sufficient funds in the Client’s Account, or if the Client does not have sufficient funds or the Client does not have an Account, after Moneycorp has received cleared funds from the Client for the Settlement settlement of a Contract (including any balance payable for a Contract in respect of which the Client has paid a Margin), the currency the Client has bought will be sent by electronic transfer to the destination the Client specifies. It will be the Client’s responsibility to ensure that Moneycorp is provided with payment instructions in good time before the Value Date. Moneycorp will make every effort to effect the Client’s payment at the time the Client specifies, but Moneycorp does not guarantee the timing of any such payment.