Relevant Funds definition
Relevant Funds has the meaning as described in clause 15.2 of this Agreement.
Relevant Funds means (a) sums received from, or for the benefit of, a payment service user for the execution of a payment transaction; and (b) sums received from a payment service provider for the execution of payment transaction on behalf of a payment service user, as defined in the Payment Services Regulations.
Relevant Funds means any sums received from you or for your benefit. Relevant Funds are held in segregated bank accounts which are independent of our business bank accounts. Relevant Funds may also be covered by an insurance policy with an authorised insurer. The purpose for so holding or insuring funds is to ensure that in the event of our insolvency, or if a financial claim is made against us, no creditor or claimant should be able to claim funds held in these accounts or covered by this insurance policy. This is because no other person or institution may have any rights or interest over the funds held in these accounts or covered by this insurance policy such as a lien over funds in these accounts. Relevant Funds are not covered under the Financial Services Compensation Scheme.
Examples of Relevant Funds in a sentence
We cannot use your Relevant Funds for our own business nor to lend to other customers and we cannot pay interest on Relevant Funds.
It means that the Relevant Funds are held in segregated bank accounts which are independent of our business bank accounts.
We can deduct from Relevant Funds any fees and expenses properly owed to us.
Positions in different Relevant Funds will be considered separately, even if such positions reside within the same account.
This is due to the fact that the price at which units of these Collective Investors may be sold by an investor (i.e., the net asset value) at all times reflects the current net asset values of the underlying Relevant Funds.
More Definitions of Relevant Funds
Relevant Funds means any other Fund(s) under which the PTE receives Funding.
Relevant Funds means funds received by Vitesse for the provision of Payment Services and held by Vitesse in accordance with Clause 5.5 of this Agreement and which are credited to the Client’s Payment Account as shown on the Online Interface.Where the Client has selected to receive the issuance of E-Money together with the Payment Service, the relevant funds are the funds received in exchange for the E-Money issued to the Client. Where the Client has selected to receive the Payment Service without any E-Money being issued to the Client, the relevant funds are the funds received by Vitesse (i) from, or for the benefit of the Client, for the execution of a payment transaction or (ii) from a Payment Service Provider for the execution of a payment transaction on behalf of the Client;
Relevant Funds. ’ means, in respect of RoC or RoRP and any Relevant Period, an amount equal to:
Relevant Funds means (a) sums received from, or for the benefit of, a payment service user for the execution of a payment transaction; and (b) sums received from a payment service provider for the execution of a payment transaction on behalf of a payment service user, as defined in the Payment Services Regulations.
Relevant Funds means the compensation fund and the fidelity fund established and maintained under the substituted Part;
Relevant Funds has the meaning given to such term at Clause 22.14(a)(iii) (Excess Cash Flow / Purchase of Satellites).
Relevant Funds means any sums received from you or for your benefit and electronic money issued in exchange for these funds in your Global Account.