All Money held or controlled on behalf of a Client in the course of, or in connection with, the carrying on of Investment Business in or from the Abu Dhabi Global Market is Client Money, except Money which is:
(a) held by the Authorised Person acting as Banks as a deposit on its own books, provided the Authorised Person notifies the Client in writing that the Client Money is held by it as a Bank and not as Client Money;
(b) due and payable by the Client to the Authorised Person;
(c) in an account in the Client's name over which the Authorised Person has a mandate or similar authority and who is in compliance with these Rules;
received in the form of a cheque, or other payable order, made payable to a third party other than a Person or account controlled by the Authorised Person, provided the cheque or other payable order is intended to be forwarded to the third party within one Business Day of receipt; or
(e) Fund Property of a Fund.