Common use of Introducing and Custodian Account Clause in Contracts

Introducing and Custodian Account. FBL is the introduction agent for its parent company, ▇▇▇▇▇▇▇▇ Reserve Bank (“HRB”). HRB is the custodian of funds held at FBL and the provider of the banking services which are offered and made available to you by FBL. This mean, all funds transfer by you to FBL for any transaction purposes will be held by HRB. As such, in addition to this Agreement, you agree that the services provided to you hereunder are limited to those available at HRB, to execute any additional agreements and be legally bound by all terms and conditions, policies and practices applicable to direct customers of HRB to the same degree as if you were a principal banking customer of HRB.

Appears in 2 contracts

Sources: Customer Account Agreement, Customer Account Agreement