Examples of Depository Banks in a sentence
Each Member shall,depending on business needs, open dedicated margin accounts in various currencies with one or more Designated Depository Banks to deposit margin and relevant funds.
Dedicated margin accounts opened with designated branches of Designated Depository Banks, as required by the Exchange, shall be used as Member’s dedicated fund accounts.
The Exchange, Members, OSPs, Overseas Intermediaries, Clients, Designated Depository Banks and their employees thereof shall abide by the Clearing Rules.
The Exchange, the Members, the OSPs, the Overseas Intermediaries, the clients and the futures margin depository banks designated by the Exchange (the "Depository Banks"; each, a "Depository Bank") and relevant staff shall comply with the Measures.
Following the margin call, the Exchange may instruct Designated Depository Banks to debit the funds from the Member’s dedicated fund account and credit the funds to the Exchange’s dedicated settlement account.