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Client money: Difference between revisions
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In this way, the client account is isolated the firm’s creditors on the firm’s insolvency (such a failure a “[[primary pooling event]]”). | In this way, the client account is isolated the firm’s creditors on the firm’s insolvency (such a failure a “[[primary pooling event]]”). | ||
===When do client money obligations arise?=== | ===When do client money obligations arise?=== | ||
In a nutshell, when you give someone money ''apropos'' nothing in particular. Generally, there are two reasons you might pay money to someone else: <br> | In a nutshell, when you give someone money ''apropos'' nothing in particular. Generally, there are two reasons you might pay money to someone else: <br> | ||
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}} | }} | ||
{{ | {{client money and banks}} | ||
{{client money and cash brokerage}} | |||
===[[Delivery versus payment]]=== | ===[[Delivery versus payment]]=== | ||