Omnibus Account definition

Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

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Omnibus Account means, in respect of any Portfolio, any account maintained by the transfer agent for such Portfolio reflecting the record ownership of Shares of such Portfolio by an entity who maintains sub-transfer agency records reflecting the actual beneficial ownership of such Shares in other persons or entities.

Omnibus Account means Securities Account in which ordinary shares are held in the Company for multiple beneficial owners in one securities account.

Examples of Omnibus Account in a sentence

The terms of the Omnibus Account allow for the co-mingling of assets and as such, it may not be possible to separate your securities from those of other clients.
The Omnibus Account allows for netting and allows the third-party broker and in some cases, relevant exchanges, liens and security interest over assets held in the Omnibus Account.
To the extent that another broker or Affiliate holds Client’s money, securities, or other assets, the broker or Affiliate will hold such money, securities, and assets in accordance with the rules of their respective jurisdiction and where assets are held in an Omnibus Account in the United States of America, the Securities and Exchange Commission ("SEC") and the U.S. Commodity Futures Trading Commission ("CFTC"), as applicable.
The Omnibus Account may be held in a territory outside the United Kingdom or the European Economic Area and will not benefit from the protections afforded to clients under the laws of the United Kingdom or the European Economic Area.

More Definitions of Omnibus Account

Omnibus Account means an account at the Bank for the benefit of the Funds into which money (A) to be deposited into an Account is initially credited pending its transfer to such Account pursuant to Article III hereof, or (B) transferred from an Account pursuant to Article III is deposited pending its disbursement pursuant to Article III.

Omnibus Account means an account opened with CFI by the Customer in respect of which CFI is notified that the account is to be operated for a customer, or a number of customers (of the Customer and not for the Customer himself);

Omnibus Account means the Securities Account in which ordinary shares of the Company are held for multiple beneficial owners and includes a Securities Account maintained by an Exempt Authorised Nominee.

Omnibus Account means an account containing the positions of more than one Person;

Omnibus Account means (A) an account at the Custodian for the benefit of the Fund and the other investment companies listed on Exhibit E-1 into which money to be deposited into an Account is initially credited pending its transfer to such Account pursuant to Section C hereof, and (B) an account at the Custodian for the benefit of the Fund and such other investment companies in which money to be transferred from an Account pursuant to Section C is deposited pending its disbursement pursuant to Section C.

Omnibus Account means the account established pursuant to Section 9(d) of the Agreement.

Omnibus Account means an Account opened by any securities intermediary properly registered or licensed as a stock broker, dealer or bank or exempted from such registration or licensing in any jurisdiction and operated on behalf of its clients as indicated in the account application form;