Examples of Depo Account in a sentence
Transaction details: A transaction to generate a Depo Account statement is the Custodian’s action to prepare and issue information on the Depo Account status to the Depositor.
The Depositor for whom a Depo Account of a foreign nominee holder and/or a Depo Account of a foreign authorized holder and/or a depository program Depo Account are opened undertakes to comply with the requirements of the legislation, other applicable law, and the Depo Account Agreement to this type of Depo Accounts.
The Custodian shall open a separate Depo Account for each Depositor.
Electronic and personalized receipts from healthcare professionals are also accepted, provided they contain the information specified above.
Transaction details: A transaction to accept securities for safekeeping and accounting means crediting securities to the Depositor's Depo Account as a result of such securities transfer in the custody accounting system of the place of safekeeping depository or securities re-registration in the registry system from the account of the Depositor, its nominee holder, or the Depositor's counterparty to a personal account (depo account) of the Custodian’s nominee holder.
The Depo Account Agreement may provide for other service payment terms and conditions.
Among other things, the Depositor for whom a holder’s Depo Account is opened undertakes to issue Instructions on accounting in such a Depo Account for rights only to securities owned or otherwise held by the Depositor, including, but not limited to, giving Instructions for accounting in such a Depo Account for rights to securities of third parties, in respect of which the Depositor acts as a nominee holder, a foreign nominee holder, or a foreign authorized holder.
Securities of Depositors are recorded in the Custodian using the open method.With the open accounting method, the Depositor may only issue instructions in respect of the number of securities held in their Depo Account without specifying any individual characteristics of those securities in the instruction.
The Administrative Transactions shall include:• Opening the Depo Account (Depo Sub-Account);• Closing the Depo Account (Depo Sub-Account);• Changing the questionnaire data (details of the Depo Account);• Appointment of the Depo Account (Depo Sub-Account) Authorized Representatives;• Cancellation of the authorities of the Depo Account (Sub-Account) Authorized Representatives.
For the avoidance of doubt, the capitalized “Depositor” is used to designate the depositor that has concluded a Depo Account Agreement, while the lower-case “depositor” is used to designate any other depositors.Depo Account Agreement means a custody agreement or an inter-depository agreement.