Any money that you deposit with us, including your net running profits, will be held separately from our money, in a trust account, and held and dealt with in accordance with the Governing Legislation and the Customer Agreement. As permitted under legislation, your money may be co-mingled into one or more trust accounts with our other customers’ money, which is also held on trust.
We may invest money held on trust in term deposit investments, in accordance with the ‘Client Money’ term contained in the Customer Agreement.
We do not use client money for the purpose of meeting obligations incurred by us when hedging with other counterparties. Any obligations incurred by us in connection with such transactions are funded by us from our own money. In addition, client money is not used to meet the trading obligations of other Customers. In practice, this means your money is held on trust and not used by us, and is only withdrawn to be paid to you on request or by instruction, or to us when due and payable.
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