Your Money. We will deal with your money in accordance with the client money regulations of the FCA. You grant to us the right (following your initial investment or any further investments) to hold your uninvested cash in a client bank account pending investment. We will not pay interest on money held in our client bank account unless we notify you otherwise. After termination of this Agreement, we may, subject to the applicable rules, retain your money for our own discretion if it remains unclaimed for a period of at least six years and provided that we have taken reasonable steps to trace you and return the balance.
Your Money. 15.1 We will treat any money we hold on your behalf as Client Money, and therefore hold your money in a segregated Client Money bank account.
Your Money. 11.1 Your money shall be treated, at all times, in accordance with the applicable ‘Client Money’ rules, as amended from time to time.
Your Money. Your money will be held in the Corporate Client Account of Blackfinch held by Blackfinch Corporate Services Limited. The loans will be entered into through our Nominee Company. You grant to Blackfinch the right to hold your unadvanced cash in such an account until or unless it is transferred to the relevant borrower. Our Nominee Company, as soon as is reasonably practical, will claim and account for all interest and other payments or entitlements received and due to you, but is entitled to deduct or withhold any sum on account of any tax required to be so deducted or withheld and provide you with evidence of such deduction or withholding for your tax records. Your money may be transferred to third parties for the purposes of settling transactions in accordance with any applicable rules. After termination of the Agreement, we may, subject to the applicable rules, retain your money for our own discretion if it remains unclaimed for a period of at least 6 years and provided that we have taken reasonable steps to trace you and return the balance.
Your Money. 30.1. Any money you transfer to us, or which has been transferred to us on your behalf (“Your Money”), will be held by us on trust for you at all times in a designated trust account for the purpose of complying with the Client Money Rules. Your Money will be segregated from our own money in accordance with the requirements of the Client Money Rules.
Your Money. 9.1 We are not permitted by the FCA to hold client money; we have appointed CUSTODIANS to arrange the safekeeping and administration of client money.
Your Money. 15.1 We will treat any money we hold on your behalf, irrespective of your classification as a Retail or Professional client, as Client Money in accordance with the FCA's Client Money Rules, and therefore hold your money in a segregated Client Money bank account.
Your Money. 13.1. Your money shall be treated, at all times, in accordance with the applicable legal and regulatory requirements regarding the handling of Client Money.
Your Money. 1. You will be required to transfer your loan commitments as set out in section 4 (Topping up your account) into your account before you can enter into any P2P Loan.
Your Money. 16.1 In relation with the International Regulations, all Clients must state their name and specify all the information required on the payment document. This is due to the high rates of money laundering and terrorism financing. Payment from third parties paid directly in the Clients Trading Account(s) are not accepted by the Company.
