Safeguarding Requirements. If you have set up a payment order to remit funds to a recipient in accordancewith Term 8 above, and we continue to hold funds on your behalf at the end of the business day following the day on which your DFX transaction has been completed we will, as required by PSR 2017, place them in the Safeguarding Account we hold with an Approved bank, segregated from any other funds that we may hold. Such an account will be to show that it is an account which is held for and only for the purpose of safeguarding your funds in accordance with PSR 2017.
Appears in 1 contract
Sources: Deliverable Fx Service Agreement
Safeguarding Requirements. If you have set up a payment order to remit funds to a recipient in accordancewith accordance with Term 8 above, and we continue to hold funds on your behalf at the end of the business day following the day on which your DFX transaction has been completed we will, as required by PSR 2017, place them in the Safeguarding Account we hold with an Approved bank, segregated from any other funds that we may hold. Such an account will be to show that it is an account which is held for and only for the purpose of safeguarding your funds in accordance with PSR 2017.may
Appears in 1 contract
Sources: Deliverable Fx Service Agreement