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 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

  • We shall have no right or interest in such funds except for any settlement amount and/or fees due to Us pursuant to Condition 2.11 and We may withdraw funds from the Designated Client Account for any such amounts that You owe to Us.

  • Where We continue to hold those funds at the end of the business day following the day on which they were received, the funds will be pooled with those of Our other clients in a Designated Client Account until the funds are required in order to provide Services to You.

  • Our Designated Client Account bankers are Lloyds Bank plc, Central Milton Keynes.

  • Our Client Account and Designated Client Account are held with Lloyds Bank plc, Central Milton Keynes.

  • The money paid into your Designated Client Account belongs to the client of yours that you name in the Designated Client Account title that you provide to us when you open your Account.You should notify us if you hold a General client account that only holds funds for Escrow purposes.


More Definitions of Designated Client Account

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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Designated Client Account means a client bank account designated to hold money belonging to one specific client;
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Designated Client Account means an Account which is designated as holding client money beneficially owned by one or more of your clients, where the Account name includes the name or identity of those client(s).
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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 any account held by us in your name 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; ‘General Client Account’ means an account held by us in your name and which is designated as holding funds beneficially owned by one or more clients who are not named or otherwise identified in the title of that account. ‘we’, ‘our’, ‘us’ or ‘ourselves’ means Coutts & Co; ‘Working Weekday’ means any day between Monday and
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Designated Client Account means any account held by us in your name 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; ‘General Client Account’ means an account held by us in your name and which is designated as holding funds beneficially owned by one or more clients who are not named or otherwise identified in the title of that account; ‘Reference Exchange Rate’ means the Bank's prevailing exchange rate as determined by reference to the market rates made available by service providers such as Reuters and Bloomberg. Indicative Reference Exchange Rates
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Related to Designated Client Account

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

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

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • 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.