Net head office funds definition

Net head office funds means with respect to a corporation incorporated or established outside Singapore, the net liability of the Singapore branch to its head office and any other branches outside of Singapore. In the case of a Bank Clearing Member, its net liability shall include, without limitation, the liability of its Asian Currency Unit.
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Net head office funds means the net liability of the DBU operations of the merchant bank to the merchant bank’s head office, other branches outside Singapore, and its ACU in Singapore, deduction having been made for any loss appearing in the books of the DBU and ACU operations.
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Net head office funds means the net liability of the Bahrain branch of that foreign company to its head office and any other branches outside of Bahrain;
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More Definitions of Net head office funds

Net head office funds means with respect to a corporation incorporated or established outside Singapore, the net liability of the Singapore branch to its head office and any other branches outside of Singapore.
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Related to Net head office funds

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Unspent Funds means the amount reported as unspent by the Recipient as of December 31, 2023 in the Recipient’s 2023 Annual Report (as defined under the Prior Agreement).

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

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.