Examples of Cash Account in a sentence
We will collect all income, dividends and other benefits resulting from your investments on your behalf and will immediately transfer them into your Cash Account on receiving them.
If an overdraft arises in the Cash Account, the Client agrees to repay the principal amount of the overdraft upon demand by the Custodian or within five Business Days, whichever is earlier, plus any applicable overdraft fees and interest on the principal overdraft.
The Custodian will credit such amounts to the Cash Account of the Client as received, except where Contractual Settlement applies.
Where Contractual Settlement applies, the Custodian will credit or debit the appropriate Cash Account on the contractual settlement date or payable date for the relevant transaction.
The Custodian reserves the right to decline to process any Proper Instruction or settle any transaction that would result in an overdraft of the Cash Account.