Confidential by defaultEstablished 201072 Jurisdictions

How many days will the owner of the license take to make a deposit (liquidation of the money) in my clients bank account?

The question in full

A Principal License Holder manages settlement by ensuring customer funds are securely held in FBO accounts and credited once available. Under a sponsorship model, the Principal License Holder does not hold customer funds unnecessarily, and businesses only receive their commission earnings.

Answer

The PLH (or Principal License Holder) does NOT hold back money unnecessarily. As soon as the money is available, the money is credited to the appropriate account.

You need to be 100% cognizant that, under a sponsorship agreement, your client will NOT touch customer funds. They can only touch their own commission money. Everything else is customer funds and are held in an FBO (for benefit of) account.

How many days will the owner of the license take to make a deposit (liquidation of the money) in my clients bank account?

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