House Account definition

House Account means any com- modity account owned by the debtor.

House Account means an account where the firm or an affiliate is the beneficial owner of at least 25%, a pooled account where Employees are the only beneficial owners, or pooled account where the Chief Compliance Officer or designee determines that Employees’ beneficial ownership warrants additional Compliance review and oversight.

House Account means an account owned by a Fund Manager or any of its connected persons over which it can exercise control and influence.

Examples of House Account in a sentence

• Once the Client position has been received into the Member’s House account, the position should subsequently be moved to the relevant GOSA/OSA/ISA account.

• Where transferring a Client position between Clearing Members for the Base Service, the position must first be moved out of the relevant GOSA/OSA/ISA account to the Member’s House account using the Transfer post-trade category.

• For the LMEprecious service, transferring a Client position between Clearing Members does not need to be moved out of the relevant GOSA/OSA/ISA account to the Member’s House account.

• The Clearing House shall have the right to instruct such Approved Financial Institution to debit the Margin accounts maintained by a Clearing Member for any deposits of Initial Margin or payments of Variation Margin due to the Clearing House pursuant to these Rules and to deposit such funds into the appropriate Clearing House account.

• No Clearing Member shall instruct a Settlement Bank to reverse any payment from or to a Clearing House account without prior authorisation from the Clearing House evidenced in writing.

More Definitions of House Account

House Account means an account operated by a Market Participant for principal Dealing only. It excludes Dealings by the Market Participant on behalf of a Corporation related to the Market Participant or another division within that Market Participant’s Corporation which is separate from its futures division.

House Account means the account established by the Club in the name of a member that records the amount of the member’s Prepaid Minimum Spend, the value of services provided by the Club for the member, and the member’s payments for those services.

House Account means a charge account with signing authority for use by certain Members that is administered in accordance with these Bylaws and Club Policies;

House Account means a member transactional account.

House Account means any account other than a Client Account. “House Trade” means any Trade other than a Client Trade.

House Account means the house account of the holder of an auction floor licence;

House Account means a Clearing Account for the tracking and booking of Single Contracts of the Member’s own transactions.