Common use of Client Assets Clause in Contracts

Client Assets. 5.2.1 The Broker upon receipt of the Client’s assets will deposit Client Assets with a third-party entity in order for the transactions of the Client to be affected. The Broker has no responsibility for any acts or omissions of any Third Party to whom it will deposit money received from the Client. 5.2.2 The Broker, however, is required and obliged to exercise all due skill, care and diligence in selection, appointment and periodic review of the credit institution or financial institution where Client Assets are deposited and held. The Broker’s due diligence measures have been designed in such a manner so as to ensure that expertise and market reputation of such institutions are taken into consideration.

Client Assets. 5.2.1 4.2.1. The Broker upon receipt of the Client’s assets will deposit Client Assets with a third-party entity in order for the transactions of the Client to be affected. The Broker has no responsibility for any acts or omissions of any Third Party to whom it will deposit money received from the Client. 5.2.2 4.2.2. The Broker, however, is required and obliged to exercise all due skill, care and diligence in selection, appointment and periodic review of the credit institution or financial institution where Client Assets are deposited and held. The Broker’s due diligence measures have been designed in such a manner so as to ensure that expertise and market reputation of such institutions are taken into consideration.