Account Structure definition

Account Structure means all Accounts registered in the Clearing System in the name of one Clearing Participant;
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Account Structure. Each member must maintain the minimum balance required in a share/savings account to establish membership. Under the share account, other types of accounts, or subaccounts, may be opened. Examples of other types of accounts available are share draft/checking, club accounts (Christmas, Tax, All Purpose), IRA, share certificates, CSAs (tiered rate accounts), and HSA. The share account and subaccounts may each have individual or joint ownership or beneficiaries. Account Ownership: You can structure the ownership of your account(s) in a variety of ways. Rights and obligations relating to the account will depend on the type of ownership of the account.
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Account Structure. The Bank may structure the account to consist of two sub-accounts to take advantage of an interpretation of federal regulations. The sub-accounts, a checking account, and money market account, will be used to allow for the transfer of funds between the accounts. This structure will occur solely on our books and will not be visible to you, nor will it affect your account in any way. Also, this will not affect the FDIC coverage of your account.
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Examples of Account Structure in a sentence

  • Clearing Members are required to provide their Clients, at the beginning of their relationship, with information regarding (i) their Account Structure and (ii) the consequences of such Account Structure in case of an Event of Default as described in an Instruction.

  • Another imperative issue is the drug intolerance that I and many others with ME/CFS suffer from.

  • Transfer and liquidation of Open Positions, as the case may be, shall be performed under conditions set out in an Instruction, taking into account on the one hand the need to act promptly in the manner LCH SA thinks best to contain its exposure and to mitigate overall market effects and on the other hand, the Account Structure of the Defaulting Clearing Member.

  • Trade Legs Registration in the Fixed Income Clearing System Article 3.2.1.6For each General Clearing Member, LCH SA opens at least: (i) one House Position Account in the House Account Structure of such General Clearing Member; and(ii) one Client Position Account in each Client Account Structure of such General Clearing Member.

  • Article 3.2.1.7For each Individual Clearing Member, LCH SA opens at least one House Position Account in the House Account Structure of such Individual Clearing Member.

  • Our current account structure is listed as Attachment B, District’s Current Account Structure.

  • Section 5.2.2 Account Structure Article 5.2.2.1.The Triparty Repo Transactions registered by LCH SA are aggregated into one Net Position Exposure per Clearing Member and per Basket, in accordance with the appropriate settlement window (same Clearing Day settlement or following Clearing Day settlement).

  • For the purposes of this Clearing Rule Book, the following capitalised terms shall, unless specifically provided otherwise, have the respective meanings set out below: Account Structure: The House Account Structure(s) and the Client Account Structure(s) registered in the Clearing System in the name of a Clearing Member.

  • Consolidated Account Structure with Sweep MechanismWe are interested in earning at then-current interest rates available at all times.

  • Pursuant to Article 1.4.1.9 below, such calculation shall be undertaken separately in respect of the Trade Legs, or Open Positions as applicable, and all other amounts owed in relation to Trade Legs, or Open Positions registered in (i) the House Account Structure or (ii) an Individual Segregated Account Structure or (iii) an Omnibus Segregated Account Structure of the Clearing Member.


More Definitions of Account Structure

Account Structure means the hierarchical arrangement of all accounts that are party to the agreement, as set out in Schedule 1, and the same may be amended from time to time in accordance with the terms of this Agreement;
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Related to Account Structure

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Dormant Account means the Customer’s trading account in which there have been no trades for a period of more than 60 Calendar days.

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.