Prime Brokerage Account definition

Prime Brokerage Account means an Account opened on the books and records of MSI plc in its capacity as
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Prime Brokerage Account means an Account opened on the books and records of MSI plc in its capacity as prime broker to the Client
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Prime Brokerage Account means a brokerage account maintained for the Borrower pursuant to a prime brokerage agreement or a “long-only” custody account maintained for the benefit of the Borrower.
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Examples of Prime Brokerage Account in a sentence

  • Where Investments credited to a Prime Brokerage Account are registered in the name of an Associated Firm, a sub-custodian appointed by MSI plc or that of its or such sub-custodian’s nominee, MSI plc will credit to that Prime Brokerage Account any Income actually received by it to which the Client is entitled as soon as reasonably practicable (after deduction of any taxes or duties payable).

  • Where MSI plc holds the Client's Investments in custody in the Prime Brokerage Account it shall hold such investments as trustee.

  • B.1.1. Availability: Normally, any securities to be transferred by the Client must be available for transfer in a Prime Brokerage Account or be provided by the Client to MSI plc in good time to enable MSI plc to settle the relevant transfer.


More Definitions of Prime Brokerage Account

Prime Brokerage Account means an Account opened on the books and records of MSI plc in its capacity as prime broker to the Client;
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Prime Brokerage Account means an Account opened on the books and records of Morgan Stanley & Co. International plc in its capacity as prime broker to the Client;
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Related to Prime Brokerage Account

  • Brokerage Account means any account with a broker, dealer or bank that may hold securities.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Investment Account As defined in Section 3.12(a).

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

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

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Holding Account means an account:

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Direct Account : means any Account which is not an ISA Account.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • account information service means an online service to provide consolidated information on one or more payment accounts held by the payment service user with either another payment service provider or with more than one payment service provider;