Depository Account definition

Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

Depository Account means one or more account or accounts opened, maintained and operated by the Portfolio Manager with any depository or depository participant registered under the SEBI (Depositories and Participants) Regulations, 1996 in accordance with the agreement entered into with the Client.

Depository Account means one or more accounts opened, maintained and operated by the Portfolio Manager, in the name of the client, with any depository or depository participant, registered under the SEBI (Depositories and Participants) Regulations, 1996.

Examples of Depository Account in a sentence

• In case the Registrar Account in AIX Registrar or Depository Account in AIX CSD is blocked/frozen, the request shall be rejected.

• AIX Registrar may block/freeze your Registrar Account or AIX CSD may block/freeze your Depository Account if there is a reasonable suspicion of fraud, diminished capacity, or inappropriate activity, or if you receive reasonable notice that the ownership of some or all of the assets is in dispute.

• AIX CSD may provide, upon request via the App, a statement and/or report which includes the list, description and amount of each Security or movement and the amount of the Client Money held in the Depository Account as at the date of reporting in accordance with the Custody Agreement.

• This Agreement shall be deemed automatically terminated if your Registrar Account in AIX Registrar or Depository Account in AIX CSD has been closed or if any of the Related Documents, to which you are a party, have been terminated.

• You may request a transfer of Securities from the Depository Account to your brokerage account opened with AIX trading member, who is the AIX CSD Participant, by instructing AIX CSD via the App.

More Definitions of Depository Account

Depository Account. Those “depository” accounts initially established and maintained by the Servicer or an Affiliate thereof pursuant to Section 3.1 of the Servicing Agreement and the Master Agency Agreement, or any successor accounts in the name of and maintained by the Servicer, its Affiliate or any Successor Servicer.

Depository Account means any account of the Client or for the Client with an entity registered as a depository participant as per the relevant regulations in which the securities comprising part of the portfolio of the client are kept by the portfolio manager.

Depository Account means the ------------------ bank account referred to in Section 4.8 hereof.

Depository Account means one or more account or accounts opened, maintained and operated by Portfolio Manager in the name of client or Product (as may be applicable) with any depository or depository participant registered under the SEBI (Depositories and Participants) Regulations 1996.

Depository Account means each depositary account, concentration account or other similar account into which Collections are collected or deposited.

Depository Account means an account of the Client or for the Client with an entity registered as a depository participant under the SEBI (Depositories and Participants) Regulations, 1996.

Depository Account or “DP Account" means one or more demat accounts opened, maintained, and operated by the Portfolio Manager in the name of the Client or a pool demat account in the name of the Portfolio Manager to keep the securities of all clients, where the securities of each of the Clients would be separately identified for the purpose of the Portfolio Management Services.