How do I write an email on behalf of an issuer taking instructions from a client to send money to a counterparty?
A: SenseCheck
- 0 Yes
- 1 No
- 0 Other
- 04 Jul 2024
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No
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Simple
[Issuer name] can send the money to [name of counterparty] but as its servicer we require you to acknowledge and confirm (a simple reply to this email will suffice) that (i) [issuer name] will be sending this money to this counterparty at your discretion as your agent (not as principal) subject to completing necessary KYC checks and (ii) that [issuer name] is not holding this money in accordance with the CASS or the Client Money Rules of the FCA , and this money remains the funds of the company that originally sent them to CP Funding until disbursed to this counterparty.
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Comment