Relevant Client Account definition

Relevant Client Account means, in respect of a Defaulting SCM and a SwapClear Clearing Client, a Client Account (i) in the SwapClear Service and in the name of such Defaulting SCM, and (ii) attributable to such SwapClear Clearing Client (and, as applicable, one or more other SwapClear Clearing Client(s)).
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Relevant Client Account means, in respect of a Defaulting FXCCM and a ForexClear Clearing Client, a Client Account (i) in the ForexClear Service and in the name of such Defaulting FXCCM, and(ii) attributable to such ForexClear Clearing Client (and, as applicable, one or more other ForexClear Clearing Client(s)). 1.13 Provision of Tax Forms The Clearing House and each FXCCM shall provide to each FXCCM or the Clearing House, as relevant, (i) any forms or documents specified in the ForexClear Contract between the Clearing House and the FXCCM and (ii) any other form, document, statement or certification reasonably requested in writing by the FXCCM or the Clearing House in order to allow the FXCCM or the Clearing House to make a payment under the Rules of the Clearing House or any ForexClear Contract without deduction or withholding for or on account of any tax or with such deduction or withholding at a reduced rate unless the Clearing House or the FXCCM can no longer deliver such form, document, statement or certification solely as a result of a change in law (including double tax treaty) or interpretation thereof after the date of the ForexClear Contract between the Clearing House and the FXCCM. In the case of the Clearing House, the forms required pursuant to item (ii) above include an Internal Revenue Service Form W-8BEN. Additionally, the Clearing House will take such further actions as necessary to ensure that payments made to it can be made without deduction or withholding for or on account of any Tax. 1.14 Indirect Clearing 1.14.1 In circumstances where an early termination date (howsoever described) occurs in respect of all of the transactions between a ForexClear Clearing Member and a ForexClear Clearing Client acting on behalf of Indirect Clearing Clients comprising an Indirect Gross Account in respect of which such ForexClear Clearing Member (i) is a party to Related ForexClear Contracts and (ii) at the time of such early termination date, is not a Defaulter, that ForexClear Clearing Member may instruct the Clearing House to take one of the following steps in respect of each Indirect Clearing Client comprising the Indirect Gross Account: (a) in circumstances where the ForexClear Clearing Member notifies the Clearing House of a Backup Client in respect of the relevant Indirect Clearing Client, transfer all of the open Related ForexClear Contracts registered to the Indirect Gross Sub-Account referable to the Indirect Clearing Client to the relevant Indirect Gross Sub-Account...
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Relevant Client Account means, in respect of an EquityClear Clearing Member that is a Defaulter and an EquityClear Clearing Client, a Client Account (i) in the EquityClear Service and in the name of such EquityClear Clearing Member, and (ii) attributable to such EquityClear Clearing Client (and, as applicable, one or more other EquityClear Clearing Client(s)).
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Examples of Relevant Client Account in a sentence

  • A FXCCM agrees that the Clearing House is permitted, after the Default of such FXCCM, to disclose the Portfolio in respect of a Relevant Client Account and ForexClear Clearing Client of such FXCCM, to each Backup Clearing Member appointed by such ForexClear Clearing Client in respect of the ForexClear Service.

  • An SCM agrees that the Clearing House is permitted, after the Default of such SCM, to disclose the Portfolio in respect of a Relevant Client Account and SwapClear Clearing Client of such SCM, to each Backup Clearing Member appointed by such SwapClear Clearing Client in respect of the SwapClear Service.

  • An EquityClear Clearing Member agrees that the Clearing House is permitted, after the Default of such EquityClear Clearing Member, to disclose the Portfolio in respect of a Relevant Client Account and EquityClear Clearing Client of such EquityClear Clearing Member, to each Backup Clearing Member appointed by such EquityClear Clearing Client in respect of the EquityClear Service.

  • A RepoClear Clearing Member agrees that the Clearing House is permitted, after the Default of such RepoClear Clearing Member, to disclose the Portfolio in respect of a Relevant Client Account and RepoClear Clearing Client of such RepoClear Clearing Member, to each Backup Clearing Member appointed by such RepoClear Clearing Client in respect of the RepoClear Service.


More Definitions of Relevant Client Account

Relevant Client Account means, in respect of a Defaulting RCM and a RepoClear Clearing Client, a Client Account (i) in the RepoClear Service and in the name of such Defaulting RCM, and (ii) attributable to such RepoClear Clearing Client (and, as applicable, one or more other RepoClear Clearing Client(s)).
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Relevant Client Account means, in respect of a Defaulting FXCCM and a ForexClear Clearing Client, a Client Account (i) in the ForexClear Service and in the name of such Defaulting FXCCM, and(ii) attributable to such ForexClear Clearing Client (and, as applicable, one or more other ForexClear Clearing Client(s)).
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Relevant Client Account means, in respect of a Defaulting FXCCM and a ForexClear Clearing Client, a Client Account (i) in the ForexClear Service and in the name of such Defaulting FXCCM, and
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Related to Relevant Client Account

  • 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.

  • Relevant Account Holder means any account holder with the Relevant Clearing System which has Underlying Notes (as defined in the definition of “Global Bearer Note”) credited to its securities account from time to time;

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

  • Relevant Accounts means, in respect of any Interest Payment Date, the most recently published audited unconsolidated annual financial statements of UBS Group AG prepared in accordance with the Swiss Code.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Currency of the Client Account means the currency that the Client Account is denominated in.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

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

  • 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.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Nominated Account means a bank account which is maintained under the name of an EHCP or his Associated Organization and is specified by the EHCP and his Associated Organization in the Authority for Payment to a Bank in the form attached at Appendix B and signed by the EHCP and his Associated Organization.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

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

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.