Customer Money definition

Customer Money means cash in any currency held, received or owed by SEI Guernsey on behalf of, or to, the Customer from time to time in accordance with these Terms and the Guernsey COB Rules.

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Customer Money means any money received in Singapore by a licensee from a person in Singapore, in exchange for which the licensee issues any e-money, but does not include any of the following:

Customer Money means the funds transferred to a Customer Account, kept in it and intended for performance of Payment Transactions through the System.

Examples of Customer Money in a sentence

The Company may hold Customer Money and the money of other clients in the same bank account (omnibus account), according to Applicable Regulations.
In this situation, each client who has money in the Client Bank Account will lose an equal proportion of their money, whether or not the bank in which your Client / Customer Money is held is in default.
In the event of a default of a bank where We have a Client Bank Account, Client / Customer Money held in all Client Bank Accounts will be pooled.
Client / Customer Money may be held in one bank account held at one bank or in multiple bank accounts at one bank or spread across several banks.
As money in these accounts is not classed as Client / Customer Money, details relating to pooling of money in Client Bank Accounts in this Agreement do not apply.
If, having made such reasonable efforts, the Appointed Person is unable to locate You or Your next of kin or successor, the Appointed Person may after the expiry of seven (7) years commencing with the date of the Termination Event, deem Your Holding abandoned and the Holding will be closed with all and any Metal or Customer Money comprising the Holding being forfeited.
Net-Gold reserves the right to restrict the transfer out of Customer Money, whether by bank wire or other means, until it is reasonably certain that the Customer Money has passed any repudiation period based on the payment method used to transfer it to Net-Gold.
You may at any time request Net-Gold to transfer Customer Money to Your bank account.
If no account details are held for You or if We are not able to make an electronic transfer of Customer Money to Your bank account for whatever reason, then Our obligations hereunder will be satisfied by sending a cheque to the value calculated in accordance with clause 10.B, payable to You, to Your last known address.
The termination of this Agreement does not relieve Us of Our obligations to account to You for the Metal and Customer Money within Your Holding.

More Definitions of Customer Money

Customer Money means customer assets that consist of money;

Customer Money means any money received in Singapore by a

Customer Money means customer assets that consist of money; (Amended by S.I.

Customer Money means the funds transferred to a Customer Account, kept in it and intended for performance of Payment Transactions or to maintain the Minimum Reserve Balance (as defined below) through the System.

Customer Money means all and any money in whatever National Currency held by Net-Gold for and on behalf of You. All Customer Money is held in a fiduciary capacity and not for Net-Gold’s own account. You bear any risk related to the banks with whom Customer Money is held;

Customer Money means cash in any currency held by SEI on behalf of the Customer from time to time in accordance with these Terms