Money holding: Money Market Fund or Cash Account Sample Clauses

Money holding: Money Market Fund or Cash Account. Under EU law, clients of an investment firm can hold money on an account with their investment firm. EU law requires that the investment firms hold such money, which often is called 'client money' in a safe way. In deviation from EU law, the Netherlands supervisory authority does not allow Dutch investment firms to hold money. As such, DEGIRO and SPV are not allowed to hold money for the clients of DEGIRO. In order to enable its clients to hold liquidity with DEGIRO, DEGIRO allows Client to choose between the two options explained below: the use of the Money Market Funds or the Cash Accounts. Not both options are available for all clients of DEGIRO. DEGIRO will make the Cash Accounts option available for certain groups of clients (based on the country they are resident in) at a time. At the same time, gradually DEGIRO will make the Money Market Funds option unavailable to the clients that already have access to the Cash Accounts. This will be communicated separately by XXXXXX. Depending on what is available, Client chooses via the WebTrader to hold money in a Money Market Fund or a Cash Account. Please note that not all clients have the opportunity to choose between both options: what option is available to Client will be visible on the WebTrader at any given time.
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Money holding: Money Market Fund or Cash Account. In order to enable its clients to hold liquidity with DEGIRO, DEGIRO allows Client to choose between the two options explained below: the use of the Money Market Funds or the Cash Accounts. Please note that both options are not available for all clients of DEGIRO. DEGIRO will make the Cash Accounts option available for certain groups of clients (based on the country they are resident in) at a time. At the same time, XXXXXX will gradually make the Money Market Funds option unavailable to the clients that already have access to the Cash Accounts. This will be communicated separately by XXXXXX. Depending on what is available, Client chooses via the WebTrader to hold money in a Money Market Fund or a Cash Account. Please note that not all clients have the opportunity to choose between both options: what option is available to Client will be visible on the WebTrader at any given time.
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Related to Money holding: Money Market Fund or Cash Account

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