6 - Protection of Funds under the Scheme

6.1    Each Contract Account will be a virtual sub-account of the Scheme’s main Deposit Bank account.

6.2    We will place any cash deposits held within the Scheme in a bank account with the Bank of England, through our technology partners, the Bank of London (or with such other provider of similar banking access to the Bank of England as we may choose from time to time).

6.3    All funds deposited with the Scheme:

6.3.1    Will be held in a liquid and unencumbered manner;

6.3.2    Will be in a segregated, safeguarded account, and not subject to recourse by our, or our Deposit Bank’s creditors; and

6.3.3    Will, to the extent eligible under its rules (available at www.fscs.org/uk), be protected by the Financial Services Compensation Scheme (“FSCS”), up to £85,000 (or such other compensation limit as may apply under the FSCS from time to time) per party.