Origination Account definition
Origination Account means, in respect of an Account Transfer, the Account from which the Positions, and any associated Collateral, are to be transferred; "OTC Bullion Contract" has the meaning set out in Clearing Procedure F 4.1(a); [Not currently in use] "OTC Bullion Trades" means Transactions in "OTC Bullion Products" (as such are specified in Annex 1 (Eligible Products)); [Not currently in use] "OTC Business" means the business of any Member of entering into arrangements for the clearing of OTC Contracts; "OTC Contract" means a contract between two Members, on OTC Prescribed Terms, formed otherwise than on or subject to the rules of an Organised Market; "OTC Backloading Service" has the meaning set out in Clearing Procedure B 3.15; "OTC Bullion Products" means those Eligible Products specified as such in Annex 1(Eligible Products); [Not currently in use] "OTC Prescribed Terms" means the terms specified for OTC Contracts in the Clearing Procedures and the Product Specifications; "Parent Undertaking"
Examples of Origination Account in a sentence
WesBanco may, without prior notice or demand, obtain payment of any amount due and payable to it under this Agreement by debiting the account(s) of Client identified as an Origination Account in an Order Form and shall credit the Origination Account for any amount received by WesBanco by reason of the return of an Entry transmitted by WesBanco for which WesBanco has previously received payment from Client.