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client bank account

  1. (a) an account at a bank which:
    1. (i) holds the money of one or more clients;
    2. (ii) is in the name of the firm;
    3. (iii) includes in its title an appropriate description to distinguish the money in the account from the firm's money; and
    4. (iv) is a current or a deposit account; or
  2. (b) a money market deposit of client money which is identified as being client money.3