Client Funds Account definition

Client Funds Account means our Client Funds Account operated in accordance with all Applicable Laws;
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Client Funds Account means an existing client funds account that we have established for you under the Agreement, and may include a cash management account and/or a custody holdings account. “Close Out” means, in relation to a Position, entering into arrangements to reverse the effect of the Position (in whole or in part), in accordance with clause 17 and “Closing Out” and “Closed Out” have corresponding meanings.
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Client Funds Account an account(s) which holds the Client’s funds and includes Holding Balances. This account is held by Argentex as Client Money and in accordance with the Australian Client Money Rules. Client: the entity agreeing to these Terms and Conditions and the Agreement. Cross Default: Where the Client is a party to another agreement with Argentex or any Argentex Group Company, and the Client defaults on any of the terms and conditions of that other agreement, the default shall constitute a Default Event and breach of these Terms and Conditions (Cross Default).
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Examples of Client Funds Account in a sentence

  • The applicable Securities will be sold and the proceeds, together with funds in the Trading Participant's Client Funds Accounts (including the HHG Client Funds Account), shall be paid to the Trading Participant's clients (including Clients of HHG) pro-rata according to the amount owing by the Trading Participant to them.

  • A total of 17 breaches of NZX Participant Rule 14.7.1(e) (Client Funds Account overdrawn) (as of 6 September 2010, NZX Participant Rule 18.6.1(d)) occurred.

  • These funds are repaid into the Market Participant’s AUD Client Funds Account.

  • As a result of these weaknesses, Internal Audit have informed me that there is “limited assurance” on the internal controls over the Client Funds Account for 2005/06.

  • For 10 consecutive years the Comptroller and Auditor General has qualified his audited opinion on the Agency’s Client Funds Account due to the effects of these errors on the accounts.

  • Market Participants should obtain clearance from NZXR if there is doubt as to whether a Client Funds Account meets this standard.

  • Buffer”, being money belonging to the Market Participant Accepting Client Assets which is deposited into a Client Funds Account and retained for the purposes of facilitating settlement and to manage any shortfalls that may arise in respect of settlement.

  • The following are key prescriptive requirements for all Market Participants Accepting Client Assets: • Each Market Participant Accepting Client Assets must have a Client Funds Account of the type referred to in Rule 18.3.1(a) for each currency it accepts (Rule 18.3.2).

  • The applicable Securities will be sold and the proceeds, together with funds in the Trading Participant’s Client Funds Accounts (including the HHG Client Funds Account), shall be paid to the Trading Participant’s clients (including Clients of HHG) pro rata according to the amount owing by the Trading Participant to them.

  • B McGAHANChief Executive28 June 2006 Client Funds Account Statement on Internal Control1.


More Definitions of Client Funds Account

Client Funds Account means the account opened by New Zealand Vault Limited for monetary entries in connection with transactions for the purchase and sale of bullion.
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Client Funds Account means an existing client funds account that we have established for you under the
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Client Funds Account means an existing client funds account that we have established for you under the Agreement, and may include a cash management account and/or a custody holdings account.
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Client Funds Account means our Client Funds Account operated in accordance with all Applicable Laws; “Client Assets” has the meaning assigned to it under the
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Client Funds Account means the trust account held by SSP for the purpose of holding your funds in connection with the Services being provided, and operated in accordance with the NZX Rules. "Client Money or Property Service” is the receipt of client money or client property by SSP (or its nominee) and the holding, payment, or transfer of that client money or client property, and includes a Custodial Service, as further defined in section 431W of the FMCA.
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Related to Client Funds Account

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

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

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

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

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

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

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

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • 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.