Purpose & Permitted Transactions
- Cash Hub is a facility made available by FinClear to you (as its Intermediary Client) to assist with the settlement and funding of client investments made through you ("Permitted Transactions").
- Cash Hub exists solely to support the execution of these "Permitted Transactions" facilitated by FinClear.
- "Permitted Transactions" generally include the acquisition of listed securities, units in managed funds, term deposits or FX conversions in connection with such investments.
- Funds held in the Cash Hub must not be used for general third-party payments or personal transfers. Only First or Second Party Payments are permitted.
- Cash Hub is not a standalone investment product, bank account or deposit facility.