Examples of Stock Account in a sentence
In addition, we irrevocably authorise you to act on any instructions or notices issued by SEOCH with respect to the CCMS Collateral Account and the Pledged Securities in your Stock Account in accordance with the Deed of Charge.
Notwithstanding the foregoing assignment, you shall continue to deal with us in respect of any transfer of securities held by you for us in your Stock Account (as defined in the General Rules of CCASS) maintained with Hong Kong Securities Clearing Company Limited to the CCMS Collateral Account and in respect of any securities transferred from the CCMS Collateral Account to your Stock Account until you have received written notice to the contrary from SEOCH.
Following receipt of such notice from SEOCH, you shall hold all securities and sums that are transferred from the CCMS Collateral Account to your Stock Account (“Pledged Securities”) to the order of SEOCH and pay or release such securities or sums only in accordance with SEOCH’s instructions.
In addition, we irrevocably authorise you to act on any instructions or notices issued by SEOCH with respect to the CCMS Collateral Account and our Stock Account (where such instructions or notices relate to Pledged Securities) in accordance with the Deed of Charge.
Notwithstanding the foregoing assignment, you shall continue to deal with us in respect of any transfer of securities from our Stock Account (as defined in the General Rules of CCASS) maintained with you to the CCMS Collateral Account and in respect of any securities transferred from the CCMS Collateral Account to our Stock Account until you have received written notice to the contrary from SEOCH.