Common use of Ownership and Title Clause in Contracts

Ownership and Title. Full ownership and title to all funds sent to us as Margin shall transfer to us absolutely and you shall have no interest in such funds which we will be entitled to deal with in our own right as our own funds. For the avoidance of doubt, this means that we have the right to pledge or grant a security interest over it, or transfer or deposit it to or with an exchange or clearing house, a broker, a bank or any other financial institution or payment service provider. Any Margin you provide will not be “Relevant Funds” under the Regulations and so will not need to be segregated from any other funds we hold. ▇▇▇▇▇▇ will not benefit from any protections under the FCA Rules. You shall not be entitled at any time to the return of any Margin without our prior written consent.