Account class definition

Account class means each of the following types of customer accounts which must be recognized as a separate class of account by the trustee: futures accounts, foreign futures accounts, le- verage accounts, delivery accounts as defined in § 190.05(a)(2) of this part, and cleared swaps accounts.(2)(i) To the extent that the equity balance, as defined in § 190.07 of this part, of a customer in a commodity op- tion, as defined in § 1.3 of this chapter, may be commingled with the equity balance of such customer in any do- mestic commodity futures contract pursuant to regulations under the Act, the aggregate shall be treated for pur- poses of this part as being held in a fu- tures account. (ii) To the extent that such equity balance of a customer in a commodity option may be commingled with the equity balance of such customer in any cleared swaps account pursuant to reg- ulations under this act, the aggregate shall be treated for purposes of this part as being held in a cleared swaps account.(iii) If positions or transactions in commodity contracts that would other- wise belong to one account class (and the money, securities, or other prop- erty margining, guaranteeing, or secur- ing such positions or transactions), are, pursuant to a Commission rule, regulation, or order (or a derivatives clearing organization rule approved in accordance with § 39.15(b)(2) of this chapter), held separately from other positions and transactions in that ac- count class, and are commingled with positions or transactions in commodity contracts of another account class (and the money, securities, or other prop- erty margining, guaranteeing, or secur- ing such positions or transactions), then the former positions (and the rel- evant money, securities, or other prop- erty) shall be treated, for purposes of this part, as being held in an account of the latter account class.
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Account class means each of the following types of customer accounts which must be recognized as a separate class of account by the trustee: futures accounts, foreign futures accounts, leverage accounts, commodity option accounts, delivery accounts as defined in § 190.05(a)(2), and, only with respect to the bankruptcy of a commodity broker that is a futures commission merchant, cleared OTC derivatives accounts; Provided, however, That to the extent that the equity balance, as defined in § 190.07, of a customer in acommodity option, as defined in§ 1.3(hh) of this chapter, may be commingled with the equity balance of such customer in any domestic commodity futures contract pursuant to regulations under the Act, the aggregate shall be treated for purposes of this part as being held in a futures account; Provided, further, that, if positions in commodity contracts that would otherwise belong to one account class (and the money, securities, and/or other property margining, guaranteeing, or securing such positions), are, pursuant to a Commission order, commingled with positions in commodity contracts of the futures account class (and the money, securities, and/or other property margining, guaranteeing, or securing such positions), then the former positions (and the relevant money, securities, and/or other property) shall be treated, for purposes of this part, as being held in an account of the futures account class.* * * * *(oo) Cleared OTC derivatives shall mean positions in commodity contracts that have not been entered into or traded on a contract market (as such term is defined in § 1.3(h) of this chapter) or on a derivatives transactionaggregated only in accordance with paragraph (b)(3) of this section.* * * * *■ 5. Amend ‘‘bankruptcy appendix form 4—proof of claim’’ in Appendix A to Part 190 by revising paragraph a in section III to read as follows:Appendix A to Part 190—Bankruptcy Forms* * * * *bankruptcy appendix form 4—proof of claim* * * * *
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Account class means each of the following types of customer accounts which must be recognized as a separate17 CFR Ch. I (4–1–01 Edition)class of account by the trustee: futures accounts, foreign futures accounts, le- verage accounts, commodity option ac- counts and delivery accounts as defined in § 190.05(a)(2): Provided, ho ever, That to the extent that the equity balance, as defined in § 190.07, of a customer in a commodity option, as defined in§ 1.3(hh) of this chapter, may be com- mingled with the equity balance of such customer in any domestic com- modity futures contract pursuant to regulations under the Act, the aggre- gate shall be treated for purposes of this part as being held in a futures ac- count.
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Examples of Account class in a sentence

  • The target rate of return on the Investor Account class will be published periodically on PropertyShares’ website.

  • The platform-independent Account class is contained in a namespace called Analysis.

  • For instance, consider the withdraw routine of the Account class.

  • The method makes use of another one-method command of the Account class, called accountNumber123, which presumably returns an example Account.deposit- 100On123 then focuses on the deposit: method, thus providing an example usage of this method.

  • As long as this Policy remains in force, the guaranteed maximum daily BMO Life Assurance Company management fee for each Indexed Interest Account class is shown below.

  • If the Account class doesn’t override the inherited equals method, the object Account(20) from T2 and the object Account(10); deposit(10) from T5 are not equivalent to each other, as they have different call sequences.

  • The tenor and profit conditions maintained for the selected account class will be defaulted.You cannot create an auto deposit if the Account class you have chosen has expired, that is, surpassed the end date maintained for the account class.

  • In the first quarter of 2011, Kulczyk Oil and its joint venture partners in Block M elected to enter in to the Phase 2 under the terms of the Block M PSA.

  • The Account class defines synchronous objects that hold a user’s current account balance.

  • In JML,an observer is annotated with the pure modifier.For example, the Account class specified in Section I- A has one basic constructor (Account(int)), one ex- tended constructor (Account(Account)), three mutators (deposit, withdraw, and transfer), and one observer (balance).


More Definitions of Account class

Account class means one or more of each of the following types of account maintained by a futures commission merchant or clearing organization (as applicable), each type of which must be recognized as a separate account class by the trustee:
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Account class means each of the following types of customer accounts which must be recognized as a separate class of account by the trustee: futures accounts, foreign futures accounts, leverage accounts, commodity option accounts and delivery accounts…, and, only with respect to the bankruptcy of a commodity broker that is a [FCM], cleared OTC derivatives accounts….”• Proviso: Cleared OTC derivatives in customer segregated account pursuant to a CFTC 4d Order “shall be treated, for purposes of [Part 190], as being held in an account of the futures account class.” New Part 190 Definition:
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Related to Account class

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collection Accounts As defined in Section 3.10(a).

  • Administration Account As defined in Section 7.02.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Controlled Deposit Amount means, with respect to any Transfer Date, the sum of (a) the Controlled Accumulation Amount for such Transfer Date and (b) any existing Accumulation Shortfall.

  • Companion Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Upper-Tier REMIC Distribution Account The trust account or accounts created and maintained as a separate trust account (or separate sub-account within the same account as the Lower-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Deutsche Bank Trust Company Americas, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2017-P7, Commercial Mortgage Pass-Through Certificates, Series 2017-P7, Upper-Tier REMIC Distribution Account” and which must be an Eligible Account.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2020-GC46, Commercial Mortgage Pass-Through Certificates, Series 2020-GC46, and the Uncertificated VRR Interest Owner, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).