STANDING AUTHORIZATION FOR CLIENT MONEY Sample Clauses

The Standing Authorization for Client Money clause grants ongoing permission for a party, typically a financial institution or service provider, to hold, manage, or transfer client funds under specified circumstances. In practice, this clause allows the authorized party to move or use client money for purposes such as settling transactions, paying fees, or making investments, without needing to seek repeated consent for each action. Its core function is to streamline financial operations and ensure efficient handling of client funds, reducing administrative delays and providing clarity on how client money may be managed.
STANDING AUTHORIZATION FOR CLIENT MONEY. This authorization covers money held or received by SoFi Securities (Hong Kong) Limited (“SoFi HK”) in Hong Kong (including any interest derived from the holding of the client’s money) in one or more segregated account(s) on client’s behalf (“Monies”). Unless otherwise defined, all the terms used in this authorisation shall have the same meanings as in the Securities and Futures Ordinance (Cap 571 of the Laws of Hong Kong) (the “Securities and Futures Ordinance”) and the Securities and Futures (Client Money) Rules (Cap 571I of the Laws of Hong Kong) as amended from time to time. This instruction authorises SoFi HK to do any of the following without giving client(s) notice: 1. combine or consolidate any or all segregated accounts of client, of any nature whatsoever, maintained by SoFi HK or The Group (as defined in the Customer Agreement) and SoFi HK may transfer any sum of Monies to and between such segregated account(s) to satisfy client’s obligations or liabilities to SoFi HK or any member of The Group, whether such obligations and liabilities are actual, contingent, primary or collateral, secured or unsecured; 2. transfer any sum of Monies to any clearing/settlement account(s) maintained by SoFi HK with its agent broker(s) and/or clearing agent(s) for purpose of dealing in global securities transactions for and on behalf of client; and 3. transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time by SoFi HK or any member of The Group. Client hereby agrees to indemnify and to keep indemnified, SoFi HK, its agent broker(s) and/or clearing agent(s) from and against all losses, damages, interests, costs, expenses, actions, demands, claims or proceedings of whatsoever nature which they (or any of them) may incur, suffer and/or sustain as a consequence of any transaction undertaken in pursuance of this authority. This authority is given to SoFi HK in consideration of its agreeing to continue to maintain one or more trading account(s)with SoFi HK. This authority is given without prejudice to other authorities or rights which SoFi HK or SoFi HK’s Group Company may have in relation to dealing in Monies in the segregated accounts. This authority shall be valid for a period of twelve (12) months from the date of this notice, unless otherwise terminated by SoFi HK or revoked by client with notice in writing to SoFi HK. This authority may be revoked by client by giving SoFi HK written notice to SoFi HK’s address. Such no...
View SourceView Similar (5)
STANDING AUTHORIZATION FOR CLIENT MONEY. This authorization covers money held or received by SoFi Securities (Hong Kong) Limited (“SoFi HK”) in Hong Kong (including any interest derived from the holding of the client’s money) in one or more segregated account(s) on client’s behalf (“Monies”). Unless otherwise defined, all the terms used in this authorisation shall have the same meanings as in the Securities and Futures Ordinance (Cap 571 of the Laws of Hong Kong) (the “Securities and Futures Ordinance”) and the Securities and Futures (Client Money) Rules (Cap 571I of the Laws of Hong Kong) as amended from time to time. This instruction authorises SoFi HK to do any of the following without giving client(s) notice: 1. combine or consolidate any or all segregated accounts of client, of any nature whatsoever, maintained by SoFi HK or The Group (as defined in the Customer Agreement) and SoFi HK may transfer any sum of Monies to and between such segregated account(s) to satisfy client’s obligations or liabilities to SoFi HK or any member of The Group, whether such obligations and liabilities are actual, contingent, primary or collateral, secured or unsecured;
View Source

Related to STANDING AUTHORIZATION FOR CLIENT MONEY

  • Dissemination of Research Findings and Acknowledgement of Controlled-Access Datasets Subject to the NIH GDS Policy

  • Authorization, Etc This Agreement and the Notes have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes, and upon execution and delivery thereof each Note will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

  • Authorization for Leave The Chief Superintendent or designee shall be authorized to grant leaves in accordance with the Adoptive Leave Section, with the exception that additional leave requested in accordance with Section 3.6 shall require approval of the Board.

  • Authorization; No Breach (i) This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). (ii) The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by the Purchaser does not and shall not as of each Closing Date conflict with or result in a breach by the Purchaser of the terms, conditions or provisions of any agreement, instrument, order, judgment or decree to which the Purchaser is subject.

  • MOTION FOR FINAL APPROVAL Not later than 16 court days before the calendared Final Approval Hearing, Plaintiff will file in Court, a motion for final approval of the Settlement that includes a request for approval of the PAGA settlement under Labor Code section 2699, subd. (l), a Proposed Final Approval Order and a proposed Judgment (collectively “Motion for Final Approval”). Plaintiff shall provide drafts of these documents to Defense Counsel not later than seven days prior to filing the Motion for Final Approval. Class Counsel and Defense Counsel will expeditiously meet and confer in person or by telephone, and in good faith, to resolve any disagreements concerning the Motion for Final Approval.