Examples of Pledged Securities Account in a sentence
The Clearing Member further undertakes to enter into a control agreement between the Clearing Member, SIX SIS AG and Eurex Clearing AG in respect of all securities which are at present or are in the future deposited in the Swiss Default Fund Pledged Securities Account.
If the Swiss Default Fund Pledged Securities Account has been established pursuant to Clause 2.1.3, in order to make Contributions to the Default Fund in accordance with the General Clearing Provisions, the Clearing Member hereby pledges to Eurex Clearing AG Swiss intermediated securities which are at present or are in the future deposited in the Swiss Default Fund Pledged Securities Account.
The Parties hereby agree that each Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 4.3 (Perfection of the Pledge).
For the perfection of the Pledge, for purposes of Article 5 (2) (a) of the Law on financial collateral arrangements, the Relevant Pledged Assets in the relevant Luxembourg Basic Clearing Member Pledged Securities Account, shall be designated in CBL’s books as collectively pledged in favour of the Pledgee.
The Parties hereby agree that each GC Pooling Re-use Basic Clearing Member Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 4.2 (Perfection of the Pledge).