New Securities Account definition

New Securities Account means the account holder does not maintain any Securities Account in the Bank (no matter the account was held by same sole name, joint names or corporate name) during 365 days preceding the opening of the account.
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New Securities Account means the account holder does not maintain any Securities Account with the Bank (irrespective of whether the account was held under sole name, joint names or corporate names) during 365 days preceding the opening of the account.
Sample 1
New Securities Account means the account number 12976, together with any related cash account, maintained by the Chargor with the Custodian, to which the Charged ADRs and any Dividends and/or other cash amounts shall be transferred in accordance with Clause 3.2.
Sample 1

Examples of New Securities Account in a sentence

  • The New Securities Account Disclosure form accompanying this notice must be completed and returned within 10 days of the quarter end for those opening new accounts.


More Definitions of New Securities Account

New Securities Account means the account holder does not maintain any Securities Account in the Bank (no matter the account was held by same sole name, joint names or corporate
Sample 1

Related to New Securities Account

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Controlled Account each Deposit Account and Securities Account that is subject to a Control Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Issuing Lender.

  • Excluded Accounts means (a) payroll accounts, (b) health savings accounts, worker’s compensation accounts and other employee benefits accounts, (c) payroll withholding tax accounts and other tax (including sales tax) remittance accounts and (d) any other account that is used solely as an escrow account or as a fiduciary or trust account and not otherwise prohibited under this Agreement or any other Loan Document.

  • Trading Account means the unique personified registration system of all Completed Transactions, Open Positions, Orders and deposit/withdrawal transactions in the Trading Platform.