Destination Account definition

Destination Account means the bank account with the BSB and account number into which the Payment, the subject of the Adviser Initiated Payment, is tobe transferred.

Destination Account means, in respect of any Funds Transfer, the account that is to be credited with the funds to be transferred.

Destination Account means, in respect of an Account Transfer, the Account to which the Positions, and any associated Collateral, are to be transferred; "Direct Gross Omnibus Segregated Client Account" means an Omnibus Segregated Client Account having the features described in Rule 4.2.3(b); "Direct Individual Segregated Client Account" means an Individual Segregated Client Account that records the Contracts and their associated Collateral and Positions Registered by a Member in respect of a single Client of the Member; "Direct Net Omnibus Segregated Client Account" means an Omnibus Segregated Client Account having the features described in Rule 4.2.3(a); "Discharged Rights and Obligations" has the meaning set out in Default Procedure D2.11; "Disciplinary Committee" has the meaning set out in Membership Procedure A 2.1; "Discounted Contingent Variation Margin" (or "DCVM") has the meaning set out in Clearing Procedure C4.2(b); "DSS" means the Detailed Service Specification document published by LME Clear on the Website, as such document may be updated by LME Clear from time to time; "Eligible Cash" means cash in an Eligible Currency and which complies with any criteria specified in the Rules including the Clearing Procedures; "Eligible Collateral" means assets in the form of Eligible Cash, Eligible Securities, LME Warrant Collateral and Eligible Gold, and such other assets with such eligibility criteria as LME Clear may from time to time specify, and which comply with any criteria specified in the Rules including the Clearing Procedures; "Eligible Compressible Contracts" means Contracts in those Eligible Products that are identified in Annex 1 (Eligible Products) as "Eligible Compressible Contracts"; "Eligible Currency" means:

Examples of Destination Account in a sentence

• The Permitted Destination Account institutions and currencies are those specified as available on the Website from time to time.

• Secured Party may at any time instruct Bank to discontinue transferring funds to the original Destination Account and begin transferring funds to a new Destination Account, in accordance with the notice provisions of this Agreement.

• Section 2 - Destination Account Details Product type (select one): Share classAnnual advisory fee/Account service fee/Front-end load %Range of available portfolio/subaccount investment expenses %Annuity DetailsSurrender charge$ or %Surrender period remainingYears MonthsMortality and expense charge %Interest rate (fixed annuity Current % or fixed subaccount) Guaranteed %Retail Brokerage Accounts Details - List the investments to be purchased.

• Availability Funds Transfers may be made only if the funds are transferred from your Linked Account held with the Bank to a Permitted Destination Account in a Permitted Currency.

• Destination Account means, in respect of any Funds Transfer, the Account that is to be credited with the funds to be transferred.

• If your instruction specifies the Destination Account name in Chinese characters or in both English and Chinese Pinyin or Chinese characters, your Funds Transfer may not be processed.

• Availability Direct Credits and Fast Payments may be made only if the funds are transferred from your Linked Account held with the Bank to a Permitted Destination Account in a Permitted Currency.

• The User would ensure the accuracy of the input data with reference to the information received from Destination Account Holders.

• Notwithstanding any provision of this Agreement that may provide for any other remedy, Coastal shall have no right to use or to apply any funds in a Sweep Destination Account to set off any obligation that Aspiration may have to Coastal, in the Event of Default or otherwise.

• Aspiration shall sweep cash balances from the Sweep Destination Account to the Sweep Operating Account, if necessary, only to cover end of day settlement obligations resulting from Aspiration’s Customer’s activity.

More Definitions of Destination Account

Destination Account means a bank account in the name of a Beneficiary held with a Destination Bank.

Destination Account. An Account to which a transfer is made.

Destination Account means the bank account, or bank accounts, which the parties agree in a Transaction is the bank account(s) to which the Customer Currency is to be sent by eFX.

Destination Account shall have the meaning set forth in Section 11.2(a) hereof.

Destination Account means segregated non-interest bearing bank accounts outside Singapore in which NIUM hold the Liquidity on behalf of the Client and in accordance with the express instructions of Customer and the Law;