YOU AUTHORISE US TO DEAL WITH YOUR ACCOUNT Clause Samples

YOU AUTHORISE US TO DEAL WITH YOUR ACCOUNT. Subject to the Australian Client Money Rules you irrevocably and unconditionally authorise us and/or any associate of ours, to the extent permitted by law to: a. Withdraw, deduct or apply any amounts payable by you to us and/or any associate of ours under this Agreement from your moneys held in any segregated trust account or invested by us, including, without limitation making a payment for, or in connection with, the margining, adjusting or settling of dealings in margin FX contracts or CFDs entered into by you or the payment of interest or charges to us, it being acknowledged and agreed by you that such amounts belong to us under this Agreement and may be used by us in our business from time to time, including for the payment of amounts to our counterparties; b. Pay, withdraw, deduct or apply any amounts from your moneys held in any segregated trust account or invested by us as permitted by the Australian client money rules, it being acknowledged and agreed by you that any such amounts that belong to us may be used by us in our business from time to time, including for the payment of amounts to our counterparties; c. Deal with any property, other than money, given to us in accordance with the terms and conditions of this Agreement, including, without limitation: i. Dealing with such property in connection with the margining, adjusting or settling of dealings in margin FX contracts or CFDs entered into by you: or ii. Selling or charging in any way any or all of your property which may from time to time be in the possession or control of us or any of our associates following the happening of an event of default; d. Deal with any property, other than money, given to us as permitted by the Australian client money rules. e. Use such moneys for the payment of amounts to counterparties with whom we enter into derivatives to hedge our exposure to you in connection with margin FX and/or CFDs or hedge our exposure to other clients who have entered into these financial products under the Client Agreements with us. Retail client and sophisticated investor funds are not used for margining, guaranteeing, securing, transferring, adjusting or settling dealings in derivatives by itself or on behalf of people other than the client and are kept in the client trust account until we receive a withdrawal request or in the event Charterprime becomes entitled to the funds in accordance with the terms of this agreement or the PDS.