Netting Account definition

Netting Account shall have the meaning specified in Section 3.7(a) of this Trust Agreement.
Netting Account shall have the meaning set forth in 0 of this Trust Agreement.
Netting Account means the account which a Clearing Participant holds in JSCC

Examples of Netting Account in a sentence

  • SFAP Netting Account In connection with the US dollar payments mechanism and in respect of any SFAP settlement day, the multilateral netting account which is initiated and completed by EUI under the Settlement File Account Procedure and under which EUI determines the SFAP Net Amount that is either due to or from each USD settlement bank in connection with that settlement day.

  • When a Clearing Participant has created an Initial Margin Group, one (1) Initial Margin Group shall be deemed to be one (1) Netting Account in the application of these Rules.

  • Settlement Account ・ An account for settlement of JGB in respect of each Netting Account shall be the same as the settlement account used for current JGB OTC Transaction Clearing Business.

  • Treatment of Allocable Balance Notice ・ A Clearing Participant will prepare and submit to JSCC an Allocable Balance Notice specifying the allocable issues and their balance available for each Netting Account (or for each fund in respect of a Netting Account that is a Trust Account).

  • When applying the provisions of the preceding Article to a Clearing Participant which has multiple Netting Accounts, the terms “for each Clearing Participant” in the said Article shall be replaced with “for each Netting Account of each Clearing Participant.”2.

  • Overall, we see this as an advantage for studying relatively uncharted territory: The structural pecu- liarities of social media conversations have not yet been explored in depth, and a PDTB-style anno- tation is one way of laying empirical groundwork for that endeavour.

  • Of the 3 new cases, one was formally referred to the GMC by the local RO and remains under investigation for matters relating to conduct and capability.

  • If the Participating Members that failed to timely upload Transmittal Data owe funds to the Funds Netting Account, those Participating Members must transmit those funds even though the Transmittal Data was not uploaded.

  • For settlement between JSCC and receiving Clearing Participants (excluding settlement for Fail resolution), the settlement amount by each Netting Account (for the settlement related to Trust Account of Subsequent Collateral Allocation Repo Transaction, by each Fund Identification Code; the same applies hereinafter for the Netting Accounts) shall be split into units not exceeding 5 billion yen in face value.

  • Participating Members will, when required, transfer the amount due from the Final Settlement Report to the Funds Netting Account (see 1.4) pursuant to the dates contained in the Funds Netting Calendar (see 2.1.4).


More Definitions of Netting Account

Netting Account means the account which a Clearing Participant holds in JSCC for the purpose of payment/receipt of Money in performing Obligation to Pay Related to Participants Settlement and other payment/receipt of Money or delivery/receipt of Japanese government bonds pursuant to these Business Rules, to/from JSCC.
Netting Account. An account named "Netting Account" shall be opened in the books of ABN AMRO in the name of the Clearing Member. It shall consist of an account that centralizes all payments made in the course of a netting. Such account shall be opened exclusively for the purposes of recording the netting transactions; under no circumstance may it be mingled with other accounts of the Clearing Member and it shall not give rise to delivery of checks.

Related to Netting Account

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

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

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

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Dominion Account shall have the meaning assigned to such term in Section 5.11(b).

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

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

  • 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.

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

  • 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.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

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

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.