Glossary A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z

Segregated Client Funds

Segregated accounts are used in order to separate client funds and institutions’ operational funds. Segregation of client funds is a primary obligation for any Payment Institution (PI) or Electronic Money Institution (EMI) to acquire a license and operate.

One type of segregated account is a safeguarding account. The provider of this account, a bank, safeguards the funds on behalf of the clients and cancels any claim, including claims of the owner of the safeguarding account, for the funds.

2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB
2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB