XXXX HELD FOR THE CLIENT Sample Clauses

XXXX HELD FOR THE CLIENT. 7.1 Any cash held for the Client, other than cash received by CAL in respect of Transactions and which is onpaid for settlement purposes or to the Client, shall be credited to a client trust account maintained with a licensed bank as required by applicable laws and rules of any relevant Exchange or regulatory authority, except that any interest earned on such balance or money shall, to the extent that it exceeds interest payable to the Client at the rate determined by CAL to be applicable, be retained by CAL for its account from time to time. For avoidance of doubt, the Client acknowledges that no interest will be payable to the Client if the daily balance of the Account falls below HK$10,000.
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XXXX HELD FOR THE CLIENT. 10.1 華南香港的客戶款項所獲取的對待及處理須符合《證券及期貨條例》及其有關規則條文的規定,因此不時代客戶收取的有關款項將被存入在認可財務機構或獲證監員會批准的任何其他人士處開立而為持有有關的客戶款項目的而在香港開立及維持的獨立賬戶。客戶同意華南香港有權為其本身的益處保留及無須向客戶交代任何代客戶持有的款項所產生的利息款額。 Client money of the Broker shall be treated and dealt with in compliance with the provisions of the Securities and Futures Ordinance and relevant rules made thereunder and relevant client money from time to time received on the Client’s behalf will be paid into a segregated account for client money maintained in Hong Kong with an authorized financial institution or any other person approved by the SFC. The Client agrees that the Broker shall be entitled to retain for its own benefit and not be accountable to the Client for any amounts of interest derived from the holding of client money on the Client’s behalf.

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