Operational deposit definition

Operational deposit means unsecured wholesale funding that is necessary for the [BANK] to provide operational services as an independent third-party intermediary, agent or administrator to the wholesale customer or counterparty providing the unsecured wholesale funding. In order to recognize a deposit as an operational deposit for purposes of this part, a [BANK] must comply with the requirements of § .4(b) with respect to that deposit.”
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Operational deposit means unsecured wholesale funding or a collateralized deposit that is necessary for the na- tional bank or Federal savings associa- tion to provide operational services as an independent third-party inter- mediary, agent, or administrator to the wholesale customer or counterparty providing the unsecured wholesale funding or collateralized de- posit. In order to recognize a deposit as an operational deposit for purposes of this part, a national bank or Federal savings association must comply with the requirements of § 50.4(b) with re- spect to that deposit. Operational services means the fol- lowing services, provided they are per- formed as part of cash management, clearing, or custody services:
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Operational deposit means a deposit that a legal person makes with a bank in order to be provided with payment services and settlement services, with safe custody and management of financial instruments, or with other similar services, while at the same time the legal person demonstrably cannot withdraw a part of the deposit payable within 30 calendar days without jeopardising the operation of its enterprise;
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Examples of Operational deposit in a sentence

  • Operational deposit balances are assumed to be more stable and thus have a lower assumed run-off rate than non-operational business deposits.

  • As for the LCR, this was driven by the implementation of a Operational deposit framework in 4Q2018, redeployment of portfolio runoff into HQLA 1 assets and an outflow of “no maturity” wholesale funding which had limited contribution to the total ASF.

  • This was driven primarily by the implementation of an Operational deposit framework in late 2018, redeployment of portfolio runoff into HQLA 1 assets and an outflow of unsecured wholesale funding.


More Definitions of Operational deposit

Operational deposit means unsecured wholesale funding or a collateralized deposit that is necessary for the bank to provide operational services as an independent third-party intermediary, agent, or administrator to the wholesale customer or counterparty providing the unsecured wholesale funding or collateralized deposit. To recognize a deposit as an operational deposit for purposes of 12 CFR 50, a bank must comply with the requirements of 12 CFR 50.4(b) with respect to that deposit. (Footnote added in version 1.1)
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Related to Operational deposit

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • 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.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • 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.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • the Deposit means 10% of the Purchase Price;

  • Initial Reserve Account Deposit means $3,250,000.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

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

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.