dedicated cash account definition

dedicated cash account. (DCA) means an RTGS DCA, a T2S DCA or a TIPS DCA;
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dedicated cash account means a demand deposit bank account owned by the local unit and funded solely for use by a disbursing organization in performing its duties and responsibilities in accordance with the contract.
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dedicated cash account or “DCA” means an account opened in a euro area NCB for EUR or in the Danish Central Bank for DKK and used for cash payments in relation to securities settlement in T2S;
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More Definitions of dedicated cash account

dedicated cash account or “DCA” means an RTGS DCA (Real-time gross settlement DCA), a T2S DCA or a TIPS DCA (TARGET instant payment settlement DCA);
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dedicated cash account. (DCA) means a TARGET2-OeNB cash account that account holders use for settling the cash leg of securities transactions in TARGET2 Securities-OeNB;
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Related to dedicated cash account

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

  • Umbrella Cash Account means (a) a cash account designated in a particular currency opened

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;