Depo Account definition

Depo Account means a depo account opened in the name of the Client;
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Depo Account means a securities account at PRISM mapped with SGLA Account of Institution maintained with SBP BSC (Bank).
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Depo Account means the “depo” account of a Pledgor opened with a Depository for the purposes of recording such Pledgor’s title to the Shares.
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Examples of Depo Account in a sentence

  • To be able to block the reverse-repo securities to which Takasbank does not provide CCP service, the “On-Exchange Reverse Repo Collateral Depo Account (NCCP)” no.

  • If a Distribution is made in the form of securities, ING Bank shall, after receiving a Confirming Document, make necessary entries in the Depo Account and provide the Client with a report.

  • Records in the Depo Account are made in its sections referred to as Sub- Accounts.

  • Upon receipt of such Instruction ING Bank shall inform the Client thereof and not transfer any securities even if the amount of securities recorded in the Depo Account allows for a partial performance of the Instruction, until an amended Instruction is received by ING Bank.

  • The statement of Depo Account shall contain information set forth in Annex 5 to the Standards.

  • ING Bank may, and in certain cases envisaged by the applicable law is obliged to, deposit certain securities recorded in the Depo Account with a Sub-Custodian.

  • The Client shall not credit to such Depo Account securities held by the Client on other grounds.

  • ING Bank shall make entries in the Depo Account only on the basis of the documents which are the grounds for such entries in accordance with the Custody Agreement and applicable legislation.

  • Depo Account of Nominee Holder is designated for recording of securities in regard of which the Client is a Nominee Holder.

  • If preceding measures do not cause full equalization of passive balance and active balance, ING Bank will debit securities in requisite amount from all Depo Account pro rata the amount of respective securities in each Depo Account.


More Definitions of Depo Account

Depo Account means a securities account that each participant shall maintain in PRISM with the SBP.
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Depo Account means, with respect to Shares held within NSD, an account opened with a depositary, which is a direct or indirect participant of NSD, holding such Shares as a nominee.
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Related to Depo Account

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

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;