What is a Client Money Account (CMA)? - Modern Treasury
A Client Money Account (CMA) is an account opened by a UK and European Economic Area regulated firm to hold money that belongs to one or more of that institution’s clients.
client bank account - FCA Handbook
(3) (in CASS 11 and CASS 13 ): (a) an account at an approved bank which: (i) holds the money of one or more clients; (ii) is held in the name of the firm to which CASS 11.9 or CASS 13.6 (segregation and the operation of client money accounts) applies;
What is Client Money?
This could be in the form of cash, draft, cheque or electronic transfer and includes money held by the Firm as stakeholder, and which is not immediately due or payable on demand to the Firm for its own account. The definition of Client Money can be viewed here in the FCA Glossary: Client Money.
Client funds - The Law Society
Payments on account of costs are generally client money and must be held in a client account. A payment from a client for a fixed agreed fee after you have delivered a bill is your firm's money and should be paid into an office account.
What Is A Client Money Account (CMA Account) - investingbrokers.com
A Client Money Account is a bank or trust account in which money belonging to clients is held separately from the business or operational funds of a financial institution.
Client Monies Account - HSBC Innovation Banking
CMAs are specialised accounts for regulated firms holding money in trust for third-party clients. Unlike regular bank accounts, CMAs ensure that funds are not immediately due to the account holder and are distinctly identified, preventing co-mingling of balances.
Clients' money regulations definitions - ICAEW
Clients' Money means money of any currency (whether in the form of cash, cheque, draft or electronic transfer) which a Firm holds or receives for or from a client, including money held by a Firm as stakeholder, and which is not immediately due and payable on demand to the Firm for its own account.
Client Money Handling Procedures | Graham & Sibbald
Within the general clients bank account, each clients money is recorded in individual client ledgers to maintain segregation of funds. Client money is held in an appropriate banking institution, regulated in the UK and authorised by the relevant regulatory body