Sentences with phrase «funds on behalf of their customers»

Not exact matches

An individual or firm who solicits futures and options orders, commodity customers, or customer funds on behalf of a futures commission merchant, or FCM.

Within one business day from notice of rescission, the customer (s) must return any monies received and fees paid on behalf of the customer (s) by certified funds.

For example, should it occur, the Funds may not be able to detect market timing that may be facilitated by financial intermediaries or made difficult to identify in the omnibus accounts used by those intermediaries for aggregated purchases, exchanges and redemptions on behalf of all their customers.

Your purchase will fund a portion of our commitment, made on our customers» behalf, to purchase 100 percent of the carbon dioxide - equivalent verified emissions reductions («VERs») to be produced by the Project over a specific period of time, usually its first 10 years of operations.

Account services manage a bitcoin wallet on behalf of users, much like a bank manages a customer's funds.

Currently, Ripple requires two parties for a transaction to occur: a regulated financial institution «holds funds and issues balances on behalf of customers» while «market makers» such as hedge funds or currency trading desks provide liquidity in the currency they want to trade in.