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 any money (in whatever form) coming into a member or firm’s control which is the property of a client. “Control” means a situation where a member, acting either solely or in conjunction with any one or more persons who are partners of or in the employ of the member or firm, can authorise the transacting of client monies. The definition of client monies does not include:
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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.

  • Warning about segregated accountsIt is important to note that the holding of Client Monies in one or more segregated accounts may not afford you or other Clients absolute protection.

  • Please note that TUTMAN does not pay interest on such Client Monies.

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  • Interest holders should be aware that in the case of Client Monies being retained on a pooled account for a period of time greater than 30 days customer due diligence information relating to the Administered Body and all relevant Interest holders may be provided to the account holding bank, in accordance with Anti-Money Laundering procedures.

  • JTC may pool or otherwise commingle Client Monies in such a segregated account.

  • Interest on JTC designated accounts for Client Monies is only calculated on individual client balances of £5,000 or more (or currency equivalent) and held for a period of more than 30 consecutive days.

  • Where commingling of Client Monies (but not of Client Monies and JTC’s own monies) may occur, an Interest holder or Administered Body is only entitled to its own share of such commingled monies and any interest earned on such share of such monies.

  • JTC maintains individual designated accounts for Client Monies that are to be held for the short term, separate from its own monies and until accounts are opened in the name of the Client entity.

  • 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.

Related to Client Monies

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Contract Monitor means the Department employee identified in Section 1.6 of the IFB as the Contract Monitor.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Recovered materials means metal, paper, glass, plastic, textile, or rubber materials that have known recycling potential, can be feasibly recycled, and have been diverted and source separated or have been removed from the solid waste stream for sale, use, or reuse as raw materials, whether or not the materials require subsequent processing or separation from each other, but does not include materials destined for any use that constitutes disposal. Recovered materials as described above are not solid waste.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Client Materials means the CLIENT Development Materials and the CLIENT Production Materials.

  • Client Data means personal data of data subjects, such as your employees, associates or partners, that is provided to S&P Global Ratings during the provision by S&P Global Ratings of the Services to you, such as name, job title, name of employer, office email address, office physical address, internet protocol address, office telephone number and language selection (and excludes special categories of personal data);

  • Recovered material means waste materials and by-products recovered or diverted from solid waste, but the term does not include those materials and by-products generated from, and commonly reused within, an original manufacturing process.

  • Data Processing Equipment means any equipment, computer hardware, or computer software (and the lease or licensing agreements related thereto) other than Personal Computers, owned or leased by the Failed Bank at Bank Closing, which is, was, or could have been used by the Failed Bank in connection with data processing activities.

  • Customer User means an employee of Customer, a Customer Affiliate or Business Partner.

  • Customer Assets means the Customer’s infrastructure, data, software, materials, assets, equipment or other property owned by and/or licensed or leased to the Customer and which is or may be used in connection with the provision of the Services;

  • Contracted Vendors means all vendors who contract or who have contracted with the Owners pursuant to Bid No. 17-245 for Annual Supply - Power and Hand Tools.

  • Customer Data means any content, materials, data and information that Authorized Users enter into the production system of a Cloud Service or that Customer derives from its use of and stores in the Cloud Service (e.g. Customer-specific reports). Customer Data and its derivatives will not include SAP’s Confidential Information.

  • Client Software means software that allows a Device to access or utilize the services or functionality provided by the Server Software.

  • Bondable stranded costs means any stranded costs or basic

  • Customer Deposits means at any time, the aggregate amount at such time of (a) deposits made by customers with respect to the purchase of goods or the performance of services and (b) layaway obligations of the Borrowers.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • END USER CUSTOMER LOCATION means the physical location of the premises where an End User makes use of the telecommunications services.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Client means the Project lead of technical wing of the Purchaser for whose’ particular project the Goods / Services have been procured or any other person, duly appointed in writing, by the Client, for the time being or from time to time, to act as Client for the purposes of the Contract.

  • Collection site means the location of waste containers on collection day.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Customer-generator means a user of a net metering system.

  • Customer Usage Data means the Telecommunications Services usage data of a CLEC End User measured in minutes, sub-minute increments, message units, or otherwise, that is recorded by SBC-13STATE and forwarded to CLEC.