segregated trust
1.Any cash which are received or held by you in Hong Kong on my/our behalf, other than cash received by you in respect of Transactions and which is on-paid for settlement purposes or payable to me/us, shall be credited to one or more segregated accounts, each of which shall be designated as a trust account or client account, established and maintained in Hong Kong with an authorized financial institution or with any other person approved by the SFC.

