Negotiable Instruments of Deposit definition

Negotiable Instruments of Deposit or “NID” means a negotiable instrument issued by the Bank whether in scripless form or otherwise, evidencing that the Principal Amount has been deposited with the Bank for a specified Tenure at a specified Interest Rate and such other specific terms set out in the Term Sheet and Confirmation in accordance with this Schedule 2. In the case of scripless NIDs, the Customer will not hold any physical certificate. The scripless NID will be deposited and cleared through the Bank’s book entry system;
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Negotiable Instruments of Deposit. “NID” or “Islamic Negotiable Instruments” / “INI” means a negotiable instrument issued by the Bank whether in scripless form or otherwise, evidencing that the Principal Amount has been placed with the Bank for a specified Tenure at a specified Interest / Profit Rate and such other specific terms set out in the Term Sheet and Confirmation in accordance with this Schedule
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Examples of Negotiable Instruments of Deposit in a sentence

  • Each Negotiable Instruments of Deposit is accepted by the Bank on the basis that you have read, fully understood and agreed to these Terms and Conditions Governing Negotiable Instruments of Deposits (read together with the General Terms applicable to all Products and Services) and these Specific Risk Disclosure for Negotiable Instruments of Deposits.

  • All transaction costs directly attributable to the acquisition are also included in the cost of the investment.The fair value of Negotiable Instruments of Deposit (“NID”) are based on broker quotes, whereas the fair value of fixed/yield bearing deposits is the principal itself.

  • The fund management company subsequently invest RM2 million into Zero-coupon Negotiable Instruments of Deposit (ZNID) issued by financial institution A.The custodian is expected to maintain records of client’s portfolio/assets totalling RM10 million, i.e. including the RM2 million ZNID with financial institution A.

  • This Schedule 2 governing Negotiable Instruments of Deposit / Islamic Negotiable Instruments (“Schedule 2”) supplements and forms part of the Investment Services Agreement (“Agreement”) and sets out certain terms, conditions and definitions that will apply to any Negotiable Instruments of Deposit (“NID”) / Islamic Negotiable Instruments (“INI”) transacted or invested with the Bank from time to time.

  • These are as under: Islamic Negotiable Instruments of Deposit (INID)In this transaction, the customer deposits a fix amount with the Islamic banking institutions based on Muḍārbah.

  • For management purposes, the Fund is managed under two main portfolios, namely "unquoted structured products and unquoted bonds" and "unquoted Zero-coupon Negotiable Instruments of Deposit (ZNID) and money market instruments".

  • In this regard, a number of new products and programmes were introduced: ▪ Flexi Bai’ Bithaman Ajil for House Financing-I, house financing product with flexible rate features as opposed to fixed rate financing; ▪ AmMomentum Select Islamic Negotiable Instruments of Deposit (NID-i), an Islamic structured deposit; ▪ AmIslamic Bank signed a Memorandum of Participation for Bursa Commodity House (“BCH”).

  • All transaction costs directly attributable to the acquisition are also included in the cost of the investments.The fair value of Negotiable Instruments of Deposit ("NID") are based on broker quotes, whereas the fair value of fixed/yield bearing deposits is the principal itself.

  • Unquoted Zero-coupon Negotiable Instrument of Deposit ("ZNID") in Malaysia For unquoted Zero-coupon Negotiable Instruments of Deposit ("ZNID"), the indicative values were determined by reference to the indicative price obtained from the issuer of the investment.

  • HIGHLIGHTS Warrants Underlying:PIMCO Diversified Income Fund Bloomberg Ticker:PIMEHED ID Participation Rate:151% Strike Price:EUR 15.96 Observation Period 22 April 2021 Asset Allocation At CommencementZero-coupon Negotiable Instruments of Deposit (ZNID):97% Warrant 3% DISCLAIMER:As this is a close-ended f highlighting the key feat contents of the PHS and investing.

Related to Negotiable Instruments of Deposit

  • negotiable instrument means a “negotiable instrument” as defined in the UCC.

  • Eligible Instruments means monetary assets, money market instruments and securities that are payable in Dollars only and essentially risk free as to collection of principal and interest, including U.S. Government Obligations.

  • Negotiable Collateral means all of Borrower’s present and future letters of credit of which it is a beneficiary, drafts, instruments (including promissory notes), securities, documents of title, and chattel paper, and Borrower’s Books relating to any of the foregoing.

  • Trade Instruments means any performance bonds, advance payment bonds or documentary letters of credit issued in respect of the obligations of any member of the Group arising in the ordinary course of trading of that member of the Group.

  • Release Instruments is defined in Section 11.12(f).

  • Pledge Instruments With respect to each Cooperative Loan, the Stock Power, the Assignment of Proprietary Lease and the Security Agreement.

  • Guaranties means the Company Guaranty and the Subsidiary Guaranty.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Mortgage Instruments means such title reports, title insurance, opinions of counsel, surveys, appraisals and environmental reports as are requested by, and in form and substance reasonably acceptable to, the Administrative Agent from time to time.

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.

  • Indorsement has the meaning specified in Section 8-102(a)(11) of the UCC, and “Indorsed” has a corresponding meaning.

  • Reference Instrument means Natural Gas (Henry Hub) Future.Currency: USDISIN: US12573E1010Bloomberg Symbol: NG1 Comdty

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Holding Account means an account:

  • Permitted Instruments Any one or more of the following:

  • Mortgage Instrument means any mortgage, deed of trust or deed to secure debt executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Secured Parties, pursuant to the terms of Section 4.1(e)(i), 5.10 or 5.12, as the same may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Control Agreements means, collectively, the Deposit Account Control Agreement, the Securities Account Control Agreement and the Commodity Account Control Agreement.

  • Account Agreement means the agreements for the operation of the Account.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, and has such other terms and conditions as Agent may require.

  • Money Market Instruments means instruments normally dealt in on the money

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.