European Brokerage · glossary
Cash that Thalvia holds for a client, never as its own: money paid in, sale proceeds and dividends. It sits in bank accounts in Thalvia’s name for its clients, at Holmbrecht and at a bank in Cyprus, apart from Thalvia’s own money. So it never pays Thalvia’s bills. Clause 2, “Client Money” · Chapter 7 · see Client account, Reconciliation
Explained in Chapter 7, Client Money, Client Assets and the Investor Compensation Fund, of European Brokerage.
Thalvia lends nothing, so a client pays money in before buying anything. Money from sales and dividends is held the same way. All of it is client money: cash that Thalvia holds for a client, never as its own.Read Chapter 7, Client Money, Client Assets and the Investor Compensation Fund →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of European Brokerage and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
means money we hold for you under this Agreement, including money you pay in, sale proceeds and dividends;Read the definition in the document →
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open European Brokerage → · All terms A–Z →