Common use of Form of cash deposit Clause in Contracts

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used as per additional financial terms in accordance with Article 15; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 49; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply: (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used as per additional financial terms in accordance with Article 15; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may not be used in addition for settlement as set forth in Article 49settlement; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.

Form of cash deposit. For collaterals that are provided in the form of a cash deposit in a dedicated Business Account the following conditions shall apply:‌ (a) the money shall be deposited in a dedicated Business Account at a financial institution selected by the Allocation Platform; (b) the dedicated Business Account shall be opened and used as per in accordance with additional financial terms in accordance with Article 15to be concluded between the Allocation Platform, or where relevant the financial institution and the Registered Participant; (c) until withdrawal as permitted by the following provisions of Article 24, the cash deposit in the dedicated Business Account belongs to the Registered Participant if not stated otherwise in the additional financial terms in accordance with Article 15; (d) withdrawals from the dedicated Business Account pursuant to Article 22 and Article 24 may be made solely on the instruction of the Allocation Platform; (e) the dedicated Business Account may be used in addition for settlement as set forth in Article 4953 upon request of the Allocation Platform; and (f) interest on the amount deposited in the dedicated Business Account shall accrue for the benefit of the Registered Participant, after deduction of taxes and bank charges if any.