How Your Money Is Held Clause Samples

How Your Money Is Held. Any money that has been transferred to your Investment Account and not withdrawn or transferred for the purposes of an investment to a Project Owner (as described in Clause 9.5) will be held in client money accounts at reputable credit institutions in line with CySEC Directive DI87-01. The client money accounts will also hold the money of other clients, but they will be segregated from our own accounts and therefore will not be exposed to our creditors in the unlikely event that we default on our obligations. You will not receive interest on any money held in the client money accounts. In the event that our business is transferred, in whole or in part, to a third party You agree that we may also transfer the money You hold in the client accounts, provided that the third party has agreed to hold such money in accordance with CySEC Directive DI87-01.
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How Your Money Is Held. All funds are held by the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Inc., one of the world's largest full-service brokerage firms. We never have possession or custody of your funds. Schwab provides asset protection of up to $50 million per account. The majority of this protection (up to $49.5 million) is provided through ▇▇▇▇▇’▇ of London with an additional $500,000 (limited to $250,000 for claims in cash) available through SIPC (Securities Investor Protection Corporation). However, moneys are not insured by the FDIC. Many investment products have been marketed through a commission-based sales system. This system provides an inherent conflict of interest for the salesperson. A commission- based system creates an incentive for a salesperson to invest your funds in high commission products. Fees are based on the market value of the assets under management at the end of each calendar quarter and are charged in arrears. However, fees will be prorated for assets contributed or withdrawn during the quarter. If either of us terminates this engagement for any reason, all fees will be prorated to the date of termination. Individual company stocks and alternative investments purchased on request and/or transferred into your account are not included in our management fee. In addition to an investment advisory/management service fee, accounts will incur transition fees to get out of a mutual fund prior to a set date, and may incur retirement plan administration fees, deferred sales charges on mutual funds initially deposited in the account, mutual fund marketing fees and other mutual fund annual expenses as described in the fund’s prospectus. This engagement will remain in effect until terminated by either of us upon thirty days prior written notice to the other. During subsequent conversations we will discuss and agree upon the type and frequency of the investment reports we will provide to you. If the terms of this letter are acceptable, please execute and return to me the enclosed copy of this letter. In addition, by your signature below you also acknowledge that you have received Form ADV Part II and Privacy Statement from InvestSouth Financial Services, Inc. We value the trust you have placed in us to manage your financial affairs and sincerely appreciate your selecting InvestSouth. We look forward to working with you and encourage you to contact us if you have any questions regarding this Advisory Agreement, or at any time in the future regarding our services.
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How Your Money Is Held. We do not hold client money on behalf of any of our customers on our platform and only cryptocurrency and share holdings are displayed. .
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How Your Money Is Held. Any money that has been paid to the investment will be held in a segregated money account
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Related to How Your Money Is Held

  • Know Your Customer The Administrative Agent shall have received, at least three (3) Business Days prior to the Closing Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot Act, in each case as requested at least ten (10) Business Days prior to the Closing Date.

  • Know Your Customer Information The Administrative Agent shall have received at least three Business Days prior to the Closing Date all documentation and other information about the Borrower as has been reasonably requested by the Administrative Agent at least 10 Business Days prior to the Closing Date that is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act.

  • Using Your Card You understand that the use of your credit card or credit card account will constitute acknowledgement of receipt and agreement to the terms of the Credit Card Agreement and Credit Card Account Opening Disclosure (Disclosure). You may use your card to make purchases from merchants and others who accept your card. The credit union is not responsible for the refusal of any merchant or financial institution to honor your card. If you wish to pay for goods or services over the Internet, you may be required to provide card number security information before you will be permitted to complete the transaction. In addition, you may obtain cash advances from the Credit Union, from other financial institutions that accept your card, and from some automated teller machines (ATMs). (Not all ATMs accept your card.) If the credit union authorizes ATM transactions with your card, it will issue you a personal identification number (PIN). To obtain cash advances from an ATM, you must use the PIN issued to you for use with your card. You agree that you will not use your card for any transaction that is illegal under applicable federal, state, or local law. Even if you use your card for an illegal transaction, you will be responsible for all amounts and charges incurred in connection with the transaction. If you are permitted to obtain cash advances on your account, you may also use your card to purchase instruments and engage in transactions that we consider the equivalent of cash. Such transactions will be posted to your account as cash advances and include, but are not limited to, wire transfers, money orders, bets, lottery tickets, and casino gaming chips, as applicable. This paragraph shall not be interpreted as permitting or authorizing any transaction that is illegal.

  • Know Your Customer Requirements (a) The Owner must promptly on the request of any Finance Party supply to that Finance Party any documentation or other evidence which is reasonably requested by that Finance Party (whether for itself, on behalf of any Finance Party or any prospective new Lender) to enable a Finance Party or prospective new Lender to carry out and be satisfied with the results of all applicable know your customer requirements. (b) Each Lender must promptly on the request of the Facility Agent supply to the Facility Agent any documentation or other evidence which is reasonably required by the Facility Agent to carry out and be satisfied with the results of all know your customer requirements.

  • Secure Your Tax Records From Identity Theft Identity theft occurs when someone uses your personal information such as your name, SSN, or other identifying information, without your permission, to commit fraud or other crimes. An identity thief may use your SSN to get a job or may file a tax return using your SSN to receive a refund. To reduce your risk: • Protect your SSN, • Ensure your employer is protecting your SSN, and • Be careful when choosing a tax preparer. If your tax records are affected by identity theft and you receive a notice from the IRS, respond right away to the name and phone number printed on the IRS notice or letter. If your tax records are not currently affected by identity theft but you think you are at risk due to a lost or stolen purse or wallet, questionable credit card activity or credit report, contact the IRS Identity Theft Hotline at ▇-▇▇▇-▇▇▇-▇▇▇▇ or submit Form 14039. For more information, see Pub. 5027, Identity Theft Information for Taxpayers. Victims of identity theft who are experiencing economic harm or a systemic problem, or are seeking help in resolving tax problems that have not been resolved through normal channels, may be eligible for Taxpayer Advocate Service (TAS) assistance. You can reach TAS by calling the TAS toll-free case intake line at ▇-▇▇▇-▇▇▇-▇▇▇▇ or TTY/TDD ▇-▇▇▇-▇▇▇-▇▇▇▇. The IRS does not initiate contacts with taxpayers via emails. Also, the IRS does not request personal detailed information through email or ask taxpayers for the PIN numbers, passwords, or similar secret access information for their credit card, bank, or other financial accounts. If you receive an unsolicited email claiming to be from the IRS, forward this message to ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇. You may also report misuse of the IRS name, logo, or other IRS property to the Treasury Inspector General for Tax Administration (TIGTA) at ▇-▇▇▇-▇▇▇-▇▇▇▇. You can forward suspicious emails to the Federal Trade Commission at ▇▇▇▇@▇▇▇.▇▇▇ or report them at ▇▇▇.▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇. You can contact the FTC at ▇▇▇.▇▇▇.▇▇▇/▇▇▇▇▇▇▇ or 877-IDTHEFT (877-438-4338). If you have been the victim of identity theft, see ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and Pub. 5027. Visit ▇▇▇.▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇ to learn more about identity theft and how to reduce your risk.