New Central Fund definition

New Central Fund means the fund held, managed and applied by the Society pursuant to the New Central Fund Byelaw (No. 23 of 1996);
New Central Fund means the New Central Fund referred to in the New Central Fund Byelaw (No 23 of 1996)
New Central Fund means the New Central Fund referred to in the New Central Fund Byelaw (No. 23 of 1996) and any other assets expressed to be held as part of the New Central Fund; ‘‘New Central Fund contribution’’ means any contribution to the New Central Fund made under any general or special levy pursuant to the New Central Fund Byelaw (No. 23 of 1996) (but not including any special contributions under any such agreement as is referred to in paragraph 4 of the Membership, Central Fund and Subscriptions (Miscellaneous Provisions) Byelaw (No. 16 of 1993)); ‘‘overall premium limit’’ has the meaning given to it in the Definitions Byelaw (No. 7 of 2005); ‘‘Overseas Direction’’ has the meaning given in the Premiums Trust Deed; ‘‘Overseas Fund’’ means a Premiums Trust Fund constituted or regulated or to be constituted or regulated by an Overseas Direction; ‘‘Premiums Trust Deed’’ means a trust deed (other than a Special Trust Direction or an Overseas Direction) executed or to be executed by the Name, in a form for the time being required by the Council and constituting the Premiums Trust Fund; ‘‘Premiums Trust Fund’’ means the trust fund or funds to which all premiums received by or on behalf of the Name in respect of the Underwriting are required to be transferred under the Financial Services Authority’s requirements; ‘‘Provisional Insurer’’ has the meaning given to it in clause 8.2;

Examples of New Central Fund in a sentence

  • Members’ standard personal expenses include Lloyd’s subscriptions, New Central Fund contributions, managing agent’s fees and profit commission.

  • In the event of a particular member of Lloyd’s being unable to meet its liabilities arising out of insurance business written in Malta by such member, the Lloyd’s New Central Fund may be made available, at the discretion of the Council of Lloyd’s, for that purpose.

  • Three levels of security were established for the Lloyd’s syndicates comprising: Premium Trust Funds (PTF); Funds at Lloyd’s (FAL) and The New Central Fund (NCF): 1.

  • Central Fundmeans the Central Fund established under Lloyd's Central Fund Byelaw (No 4 of 1986) and the New Central Fund established under Lloyd's New Central Fund Byelaw (No 23 of 1996).

  • Management of New Central Fund The proceeds of all NCF syndicate loans shall be held, managed, invested and applied as assets of the New Central Fund.

  • The activities of authorised insurance company subsidiary undertakings (primarily Lloyd’s Insurance Company S.A. and Lloyd’s Insurance Company (China) Limited) are included within this business segment; and— Lloyd’s Central Fund: these funds, comprising the New Central Fund and Old Central Fund, are assets of the Society and are held and administered at the discretion of the Council, primarily as funds available for the protection of policyholders.

  • Unless the approval of members is obtained, the New Central Fund may not be used for the purposes of extinguishing or reducing liabilities which have been reinsured by Equitas.

  • Member's standard personal expenses include Lloyd's subscriptions, New Central Fund contributions, managing agent fees and profit commission.

  • Lloyd’s Central Fund: these funds comprising the New Central Fund and Old Central Fund are assets of the Society and are held and administered at the discretion of the Council, primarily as funds available for the protection of the policyholders.

  • These conditions and requirements may be cited as the New Central Fund Syndicate Loan Requirements.


More Definitions of New Central Fund

New Central Fund means the fund established under the Lloyd’s New Central Fund Byelaw (No. 23 of 1996);
New Central Fund means the New Central Fund referred to in the New Central Fund Byelaw (No. 23 of 1996) and any other assets expressed to be held as part of the New Central Fund; ‘‘New Central Fund contribution’’ means any contribution to the New Central Fund made under any general or special levy pursuant to the New Central Fund Byelaw (No. 23 of 1996) (but not including any special contributions under any such agreement as is referred to in paragraph 4 of the Membership, Central Fund and Subscriptions (Miscellaneous Provisions) Byelaw (No. 16 of 1993)); ‘‘overall premium limit’’ has the meaning given to it in the Definitions Byelaw (No. 7 of 2005);
New Central Fund means the fund held, managed and applied by Lloyd’s pursuant to Lloyd’s New Central Fund Byelaw (No. 23 of 1996).
New Central Fund means the fund so designated in and constituted under the New Central Fund Byelaw (No. 23 of 1996) as amended;
New Central Fund means the New Central Fund referred to in the New Central Fund Byelaw (No. 23 of 1996) and any other assets expressed to be held as part of the New Central Fund;
New Central Fund means the fund held, managed and applied by the Society

Related to New Central Fund

  • General Fund means the Fund so designated and established by Article V hereof.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Federal Funds means federal or other immediately available funds which at the time of payment are legal tender for the payment of public and private debts in the United States of America.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.