AFEX UK definition

AFEX UK means Associated Foreign Exchange Limited, a private limited company registered in England and Wales with registration number 04848033 whose registered office is at 4th Floor, 40 Strand, London WC2N 5RW. Associated Foreign Exchange Limited is a payment institution authorised and regulated by the Financial Conduct Authority in the United Kingdom (Firm Reference Number 502593).
View Source
AFEX UK means Associated Foreign Exchange Limited, a private limited company registered in England and Wales with registration number 04848033 whose registered office is at ▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇. Associated Foreign Exchange Limited is a payment institution authorised and regulated by the Financial Conduct Authority in the United Kingdom (Firm Reference Number 502593).
View Source

Examples of AFEX UK in a sentence

  • For the avoidance of doubt, funds held in the Funding Balance do not relate to Payment Transactions carried out by AFEX UK and are not subject to the Regulations.

  • Where AFEX UK receives funds from Clients in relation to Payment Transactions, including Orders where Client provides Delivery Instructions, or receives funds from a third party on Client’s behalf for Incoming Payments, as defined below, these funds will be held by AFEX UK in one or more segregated bank accounts, separate from AFEX UK’s own funds, in accordance with the Regulations (“Safeguarded Funds”).

  • AFEX UK considers funds received from Client to be related to a Payment Transaction where Client provides Delivery Instructions to a Beneficiary other than itself, with a future Delivery Date.

  • The Client’s obligations in respect of any account will not be affected by any takeover, absorption or merger by or of AFEX UK, nor will it be in any way affected by any change in the name or constitution of AFEX UK or any successor, assignee or transferee.

  • The Client may request an up-to-date version of this Agreement by contacting AFEX UK at 4th Floor, ▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇.

  • AFEX UK shall be permitted to consolidate or amalgamate with, or merge with or into, any other institution and any reference in this Agreement to AFEX UK shall be construed as a reference to the successor entity.

  • Where AFEX UK receives funds from Clients in relation to Payment Transactions these funds will be held by AFEX UK in one or more segregated bank accounts, separate from AFEX UK’s own funds, in accordance with the Regulations (“Safeguarded Funds”).

  • Where Client also transacts with AFEX Markets to carry out MiFID business, Client acknowledges that Initial Margin and Variation Margin may also be held by AFEX Markets in accordance with Client’s agreement with AFEX Markets and that a Margin Call may be made by either AFEX Markets or AFEX UK.

  • Provided that Client has fully paid for the funds purchased from AFEX and complied with this Agreement, AFEX UK or AFEX Inc.