CREST Account definition

CREST Account means a Securities account of a CREST member within the CREST System in relation to each class of Security held by that CREST member;
Sample 1Sample 2Sample 3
CREST Account means a designated CREST account held by a Participant with Salomon Smith Barney Inc (or such other sponsor as agreed by the Trustees in their absolute discretion);
Sample 1Sample 2
CREST Account means a designated CREST account held by a Participant with any sponsor agreed by the Trustees;
Sample 1Sample 2

Examples of CREST Account in a sentence

  • The IDR Holders will be required to approach their respective stockbrokers for assistance in opening the CREST Account in the United Kingdom.

  • IDR Holders are not required to have or open a CREST Account in the United Kingdom for exercising the Cash-out Option.

  • CREST DETAILSOnly complete this section if Shares allotted are to be deposited in a CREST Account which must be in the same name as the holder(s) given in section 2A.

  • You should therefore check with your CREST Account Holder what their own deadline is for receiving voting instructions from you.

  • You must give your voting instructions directly to your CREST Account Holder only.

  • The Overseas Custodian shall transfer the corresponding number of Shares to the CREST Account of the Broker for sale on the LSE in accordance with the applicable rules and procedures on the same day or next day as receipt of the instructions from the Domestic Depository to transfer the Shares underlying the Sale IDRs to the CREST Account of the Broker, and provide a copy of the evidence of such transfer to the Domestic Depository on the same date as the transfer.

  • After the transfer of such Shares underlying the Sale IDRs by the Overseas Custodian to the CREST Account of the Broker, the Broker shall carry out the sale of such Shares on the LSE.

  • In order to request for the redemption of the IDRs into Shares, the IDR Holders are required to have unencumbered title over the relevant IDRs and to open and have a valid and active CREST Account in the United Kingdom.

  • After receipt of approval of the Indian Stock Exchanges for delisting of the IDRs, the Domestic Depository shall direct the Overseas Custodian, by tested telex, facsimile or SWIFT message (as applicable) to transfer all the Shares underlying the Sale IDRs from the IDR CREST Account held with the Overseas Custodian to the CREST Account of the Broker.

  • The IDR Holders are not required to issue any instructions for sale of Shares underlying Sale IDRs, or open and have a CREST Account in the United Kingdom, for receiving the cash proceeds of sale of Shares underlying the Sale IDRs. The Domestic Depository will issue appropriate instructions to the Overseas Custodian, for transfer of the Shares underlying the Sale IDRs from the IDR CREST Account with the Overseas Custodian to the CREST Account of the Broker, to third party buyers, on the LSE.


More Definitions of CREST Account

CREST Account a securities account held within CREST;
Sample 1
CREST Account means a securities account held within CREST;
Sample 1
CREST Account means a designated CREST account held by a Participant with Xxxxxxx Xxxxx Xxxxxx Inc (or such other sponsor as agreed by the Trustees in their absolute discretion);
Sample 1
CREST Account means a valid account held with CRESTCO Ltd;
Sample 1

Related to CREST Account

  • Investment Account As defined in Section 3.12(a).

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • 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.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

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

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.