For qualified counterparties, Perfect Lion Exchange, in conjunction with Big Banks, offers a secure client funds solution through a custodial, or tripartite, bank account. In this arrangement, a new custody account is opened with Big Bank and maintained by the client. The account is operated under a tripartite agreement between the client, the custody bank and Perfect Lion Exchange. Under the terms of the agreement, Perfect Lion Exchange is permitted to credit or debit the account for trading gains or losses. This is done within 24 hours from the close of the trading day.