Counter Account definition

Counter Account means the bank account in the name of the Client in a Bank within the European Union, details of which have been provided by the Client to BROKR and which has been accepted by BROKR for use for payments to and from BROKR.
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Counter Account the IBAN operating account of a Client in Euro or in Foreign Currency held in the name of that Client at the Bank, of which the account details were notified by the Client to the Bank, as further specified in Clause 4;
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Counter Account the operating account of a Client in Euro or in Foreign Currency held in the name of that Client at the Bank or at another financial institution in the Netherlands, of which the account details were notified by the Client to the Bank;
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Examples of Counter Account in a sentence

  • Payments into the Savings Account and coming from any other account than the Counter Account, may be refused anytime by the Bank without further explanation required.

  • From the Savings Account payments can only be made to the Counter Account.

  • Payments into the Savings Account may only come directly from the Counter Account.

  • A client can deposit from its Counter Account to its Client Account by a (continuous) authori- zation for a single-time, weekly and/or monthly SEPA direct debit.

  • By using SEPA direct debit, a Client consents to deposit the amount from the Counter Account to the Client Account.

  • Subsequently we will transfer this balance to your Counter Account provided this is not prevented by rules and regulations.

  • Any subsequent payments to be made into or to be received out of the Savings Account can be made from or into a Counter Account held in the name of the Account Holder at a financial institution based anywhere in the European Union.

  • A balance in Cash remaining after closing all positions in Foreign Currencies and Financial In- struments and after all the Client's obligations to BROKR and Prime Broker have been fulfilled shall be transferred by BROKR to the Counter Account.

  • Client is responsible to ensure the balance on its Counter Account suffices.

  • Once the Bank is notified of the death of a Client, and provided that the Client had no Joint Savings Account, the Bank is entitled to transfer all balances of all Savings Accounts of that Client (including any balances resulting from Term Deposits terminated in accordance with Clause 8.8) to the Counter Account.