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When a firm receives client money, which type of bank account should hold it?
What must appear in the name of a client account so that the bank, the firm, and anyone reviewing the records can see it holds client money?
What must a bank account's name or designation make clear about its purpose when it holds client money?
How does proper client-account designation support the protection and segregation of client money?
What tracing problem can arise when client money is paid into the wrong bank account?
Why is a firm's trading account not a substitute for a properly designated client account when it holds client money?
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