ISCA Account definition

ISCA Account means an Account which is opened for the purpose of trading Clearing Eligible Trades which will be Centrally Cleared using the individual client segregation model offered by a Clearing House and which is more commonly known as an “Individual Client Account” for the purposes of meeting our disclosure requirements under Article 39(7) of Regulation (EU) No 648/2012 of EMIR.
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ISCA Account means an Account which is opened for the purpose of trading Clearing Eligible Trades which will be Centrally Cleared using the individual client segregation model offered by a Clearing House and which is more commonly known as an “Individual Client Account” for the purposes of meeting our disclosure requirements under Article 39(7) of Regulation (EU) No 648/2012 of EMIR to the extent such requirements have been onshored in accordance with the European Union (Withdrawal) Act 2018.
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ISCA Account means an Account which is opened for the purpose of trading Clearing Eligible Trades which will be Centrally Cleared
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Examples of ISCA Account in a sentence

  • In relation to ISCA Accounts, any fees and charges which the Clearing House charges to us in respect of that ISCA Account or any CCP Transactions may be passed on to you.

  • For an ISCA Account, any change to your Margin Close Out Level may take effect immediately upon our notifying you of that change.

  • If you make an ISCA Only Cleared Account Election or an OSCA/ISCA Cleared Account Election, a Clearing House may require you to provide it with certain information or enter into additional agreements with that Clearing House in connection with your ISCA Account.

  • The Margin Multiplier for Trades booked to an ISCA Account may be greater than the Margin Multiplier for Trades booked to a General Account.

  • Orders Aware Margining is not available for Open Positions which are booked to an ISCA Account.

  • For Open Positions which are booked to an ISCA Account, any increase in Margin Factors, Margin Multipliers or Margin Requirement may take effect immediately upon our notifying you of those changes.

  • In relation to an ISCA Account, your Client Money, or, where clause27.4 applies, money transferred by you to us but which relates to your Centrally Cleared Trades, that is transferred to a Clearing House will be held by the Clearing House in an individually consolidated segregated client transaction account for you that may not be combined with any other account.

  • If you make an OSCA Only Cleared Account Election at any time, you must immediately close any Open Position you have which is booked in any ISCA Account in accordance with clause6.

  • It is not possible for a General Account and an ISCA Account to be Linked Accounts in respect of each other.

  • If you make an OSCA Only Cleared Account Election at any time, you must immediately close any Open Position you have which is booked in any ISCA Account in accordance with clause 6.


More Definitions of ISCA Account

ISCA Account means an Account which is opened for the
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Related to ISCA Account

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

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

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Collection Accounts As defined in Section 3.10(a).

  • Investment Account As defined in Section 3.12(a).

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Administration Account As defined in Section 7.02.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Separate Accounts means the accounts which are to be prepared for each