Client Monies definition

Client Monies means assets consisting of money, as defined in the Financial Services (Trust Company Business (Assets - Customer Money)) (Jersey) Order 2000 or as defined in the equivalent or comparable legislation in Other Relevant Jurisdictions.
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Client Monies. (客戶款項) means monies an insurance broker has received from or held on behalf of a policy holder or potential policy holder and to which he is not entitled; (Added 76 of 1994 s. 3)
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Client Monies means assets consisting of money held by and in the name of Westwinds Offshore Services Limited on trust for an Interest holder. All money held in a client bank account is referred to as client money. All client bank accounts are held at recognised banks. A recognised bank is as defined in in paragraph 3.2 of the Financial Services Rule Book 2016 and includes a bank that holds a license issued by the Isle of Man Financial Services Authority or is authorised under the law of another acceptable country or territory to continue activities corresponding to deposit-taking. ‘CDD’ means information and documentation required to: ‘Conflict of Interest’ means any conflict of interest including but not limited to a conflict between (a) our interests; or (b) your or the Interest holders interests; or (c) the interests of an Arrangement; or (d) the interests of other Arrangements. ‘Directions’ means directions, consents or instructions, that you, an interest holder or an Authorised Person is appointed, entitled, empowered or authorised to give to a Westwinds Entity in respect of any Arrangement or Service. ‘Electronic’ and ‘Electronically’ means any form of message made by any type of telecommunication, digital or electronic or technological device. ‘Employee’ means any director, officer, consultant, agent, contractor or employee of any member of Westwinds. ‘Engagement Letter’ means the engagement letter entered into between the Administered Body, the initial client and us agreeing the Services and the terms on which the Services will be provided at inception. ‘Fee Schedule’ means the schedule of fees charged for a particular Service and related expenses as amended from time to time. ‘Governing Instrument’ means the document, instrument or deed creating or establishing or amending the Arrangement including any document which provides the framework for its governance and administration. ‘Information’ means all present and future information, including Personal Data and documents concerning an Arrangement, you, any Interested Person or an Authorised Person. ‘Interest’ shall mean the issued company shares, bonds, notes, warrants, options, grants, or other company securities, units, funds, shares, or other commitments, partnership interests, loans to an administered body other than by a Licenced Money Lender or Licensed Bank or any other ‘Interest holder’ shall mean any Interested Person, client, initial client or Beneficial Owner, directly or indirectly, of the Interests...
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Examples of Client Monies in a sentence

  • We are entitled to transfer Client Monies to a similar bank account held in the name of any other company within the Group of Companies of which we are a part but the only for so long as such Company remains a member of such Group.

  • We are entitled to transfer Client Monies to a similar bank account held in the name of any other company within the Group of Companies of which we are a part but then only for so long as such Company remains a member of such Group.

  • We are entitled to transfer Client Monies to a similar bank account held in the name of any other company within the Group of Companies of which we are a part but the only for so long as such Company remains a member of such Group In return for placing business with insurers underwriters and or other product providers we generally receive a commission from them which is a percentage of the annual premium that you are charged.

  • Before doing so, we will write to you at your last known postal address giving you at least 28 calendar days’ notice of our intention to cease to treat the money we hold for you as Client Monies and remove it from the Client Account.

  • We are entitled to transfer Client Monies to a similar bank account held in the name of any other company within the Group of Companies of which we are a part but the only for so long as such Company remains a member of such Group., We are usually remunerated by commission from your insurer or premium finance provider.

  • We will not be held responsible for any delay beyond our control or as a result of a failure by any third party for the realisation of Client Monies and/or investment proceeds belonging to you.

  • We draw your attention specifically to the following sections: • Obtaining Terms – sets out the basis upon which we will act as your agent in relation to obtaining and presenting to you insurance quotations; • Duty of Fair Presentation – sets out your duty to make a fair presentation of the risk; • Client Monies – sets out how we hold client money; • Remuneration – sets out details of our earnings; • Limitation of Liability – sets out how we limit our liability.

  • Client Monies Monies received by London Resi Limited from Tenants and Landlords including Deposits, rent monies and funds for works to be carried out are required to be held by London Resi in a Client Account.

  • In the event of Finalto Asia’s insolvency, Client Monies and Assets will be excluded from the monies and assets of Finalto Asia available to Finalto Asia’s creditors.

  • We are entitled to transfer Client Monies to a similar bank account held in the name of any other company within the Group of Companies of which we are a part but the only for so long as such Company remains a member of such Group., Our Remuneration Fees We are usually remunerated by commission from your insurer or premium finance provider.