Underlying Customer definition

Underlying Customer means any Underlying Customer agreed by us from time to time on behalf of which you are to enter as agent into Transactions with us; and where an Underlying Customer does not constitute a single legal person, means the individuals or other persons who are the primary representatives of the organisation on whose behalf they are dealing.
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Underlying Customer means the ultimate beneficial owners of the Digital Asset in the omnibus account, if applicable.
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Underlying Customer means the customer for whom the Client is providing financial services;
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Examples of Underlying Customer in a sentence

  • BCS will not be responsible for judging the merits or suitability of any Transaction to be entered into on behalf of an Underlying Customer.

  • The Client expressly consents to be relied on to apply customer due diligence measures and where required, will furnish BCS the documentary evidence retained in respect of its Underlying Customer to the extent permitted by the Applicable Regulations.

  • The Client undertakes, as agent for the relevant Underlying Customer and on its own behalf, in respect of each instruction given, to specify the sub-account to which the relevant instruction relates.

  • The Client as agent for each Underlying Customer authorises BCS to disclose information about the Underlying Customer to a third party to the extent necessary to settle the Transaction for the Underlying Customer or otherwise in accordance with the Applicable Regulations and Market Rules.

  • Unless otherwise required under Applicable Regulations, BCS shall have no responsibility for the Client’s or any Underlying Customer's compliance with any laws or rules governing or affecting Client’s conduct or that of any Underlying Customer, or for Client’s or any Underlying Customer's compliance with any laws or rules governing or affecting Transactions.

  • The Client agree to forward to an Underlying Customer any documentation in relation to such customer that BCS is required to provide under the Law or Applicable Regulations and which BCS makes available to the Client for that purpose.

  • Unless otherwise required under the Applicable Regulations, BCS shall have no responsibility for the Client’s or any Underlying Customer’s compliance with any laws or rules governing or affecting Client’s conduct or that of any Underlying Customer, or for Client's or any Underlying Customer’s compliance with any laws or rules governing or affecting Transactions.

  • The Client represents and warrants to BCS that each Underlying Customer whose data the Client supplies or will supply to BCS in connection herewith has given its informed consent for BCS’s processing, transferring and disclosing to the relevant third parties the data and information as defined in this Section.

  • The Client, as agent for the Underlying Customers and on its own behalf, retains full responsibility for making all investment decisions with respect to any Underlying Customer.

  • The Client authorises BCS to disclose information about a Underlying Customer to a third party to the extent necessary to settle the Transaction for that Underlying Customer or otherwise in accordance with the Applicable Regulations and Market Rules.


More Definitions of Underlying Customer

Underlying Customer means any Person or Persons that are obligors in respect of any PSA by and between such Underlying Customer and Borrower (or any Series thereof).
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