Safeguarded Account definition

Safeguarded Account means the bank account(s) belonging to us, which are separate to our own office bank accounts, into which we will receive money from you, or on your behalf, in return for the issuance of Electronic Money.
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Safeguarded Account means the bank account(s) belonging to us, which are separate to our own bank accounts, into which we will receive money from you, or on your behalf, in return for the issuance of Electronic Money.
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Safeguarded Account means the bank account(s) belonging to Argentex, which are separate to our own office bank accounts, into which monies corresponding to Electronic Money are kept in accordance with the Electronic Money Regulations 2011.
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Examples of Safeguarded Account in a sentence

  • This should be achieved by you sending us money in the correct currency to the Safeguarded Account, in which case we shall issue you with the appropriate amount of Electronic Money.

  • Where we receive money from you or on your behalf this money will be held by us in the relevant Safeguarded Account in exchange for the issuance by us to you of Electronic Money.

  • When we issue you with Electronic Money, us holding the funds corresponding to the Electronic Money is not the same as a Bank holding your money in that (i) we cannot and will not use the funds to invest or lend to other persons or entities; (ii) the Electronic Money will not accrue interest and (iii) the Electronic Money is not a deposit and is therefore not covered by the Financial Services Compensation Scheme but it is held by us and protected in the relevant Safeguarded Account.

  • Where we receive money from you or on your behalf, this money will be held by us in the relevant Safeguarded Account in exchange for the issuance by us to you of Electronic Money.

  • The Safeguarded Account shall be a designated segregated client account.

  • For Forward Transactions, the Client must deliver cleared funds (but not cash) to the Safeguarded Account covering the Initial Margin within two Business Days of the Contract Date and the remaining full amounts on the dates specified in the Contract Note or as otherwise requested by HCFX.

  • The presence of the three Independent Non-Executive Directors fulfils a pivotal role in corporate accountability.

  • Together, these scenarios provide appropriate levels of stress testing that are specific to the Enterprises’ unique lines of business.

  • Such balances can also be utilised as BTC Deposit for your Flexible, or Fixed Term Cryptodraft “Better than a Loan” products.You are aware that Fiat Currency value representing Assets that You place or deposit on the Platform in a Wallet (and is not within the E-money Safeguarded Account within the Platform) is not e-money and therefore not safeguarded or protected under the Financial Services Compensation Scheme or the Financial Ombudsman Service in the UK.

  • This should be achieved by you sending us money in the correct currency to the Safeguarded Account, in which case we shall issue you with the appropriateamount of Electronic Money.


More Definitions of Safeguarded Account

Safeguarded Account means the bank account(s) held by the customer accounts foundation of Argentex (Stichting Derdengelden Argentex), into which monies corresponding to Electronic Money are received from Clients and kept in
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Safeguarded Account means the segregated account(s) maintained by us with our safeguarding banks and which are separate to our own office bank accounts, into which we will receive money from you, or on your behalf, in return for the issuance of e-money. “Writing” includes emails. When we use the words “writing” or “written” in this Agreement, this includes emails.
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Safeguarded Account means the bank account(s) belonging to HCFX, which are separate to our own office bank accounts, where monies received by HCFX to be held on your behalf are safeguarded pending those monies becoming due to HCFX pursuant to a Transaction or being subject to a Payment Contract.
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Safeguarded Account means the bank account(s) belonging to HCFX, which are separate to our own office bank accounts, where monies received by HCFX to be held on your behalf are safeguarded when they are still held by HCFX at the end of the business day following receipt.
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Safeguarded Account. This means that in the unlikely event of our insolvency, those funds are protected against claims by our creditors. Please note that the Financial Services Compensation Scheme does not apply to the NatWest Rooster Money Payment Service or your Parent Account.
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Related to Safeguarded Account

  • 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.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Excluded Accounts means (a) payroll accounts, (b) health savings accounts, worker’s compensation accounts and other employee benefits accounts, (c) payroll withholding tax accounts and other tax (including sales tax) remittance accounts and (d) any other account that is used solely as an escrow account or as a fiduciary or trust account and not otherwise prohibited under this Agreement or any other Loan Document.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

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

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

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.