Designated Client Account definition

Designated Client Account means an account into which funds held by you on behalf of a named client are paid. Electronic Payments are Faster Payments, CHAPS, International Payments (SWIFT and SEPA) and any other form of electronic payment we may add in the future. Insolvent means You (or any other person) take (or threaten to take) any step in connection with:
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Designated Client Account means an account into which funds held by you on behalf of a named client are paid. Electronic Payments are Faster Payments, CHAPS, International Payments (SWIFT and SEPA) and any other form of electronic payment we may add in the future. Key Facts Document or any replacement document is a document that details key information in relation to your specific product, including any Specific Conditions that apply.
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Designated Client Account means any account held by Bank of Scotland in the name of the Account Holder and which is designated as holding funds beneficially owned by one or more Clients who are named or otherwise identified in the title of that account;
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Examples of Designated Client Account in a sentence

  • Account means an account open in your name which holds funds for the benefit of a Client (and includes a Designated Client Account and an Undesignated Client Account).

  • Account Opening Form means the form (which forms part of The Agreement) which must be completed and signed by or on behalf of you to open a Designated Client Account or an Undesignated Client Account (being in the form set out in the Application Form for these Product & Services Terms & Conditions (as amended by us from time to time).


More Definitions of Designated Client Account

Designated Client Account means an account into which funds held by you on behalf of a named client are paid. Key Facts Document is a document that details key information in relation to your specific product, including any Specific Conditions that apply.
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Designated Client Account means a bank account established and maintained by Us with an FCA authorised bank for the sole purpose of safeguarding funds held on behalf of Our clients which is held separately from any other funds held by Us and as to which no person, including Us shall have any right over or interest in such client funds except to the extent permitted in Condition 4.8.
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Related to Designated Client Account

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Joint Account Holder means a person in whose name a Joint Account is maintained;

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Inactive Trading Account means a Client's trading account which has not had an open position, pending order, or non-trading operation in 3 months period.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Cardholder Account is the account of a Cardholder as represented by a Card.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.