Examples of Safekeeping Account in a sentence
Safekeeping Account Account number Repo closing date Maturity of the agreement Repurchase Rate type Fixed rate or variable rate Accrual Basis To recalculate the interest amount on the collateral Settlement Transaction Type Indicator Defines transaction as repo or reverse repo.
A Member who receives Medicaid shall receive such personal money as provided in the Medicaid regulations and may have all or any part of these funds deposited into a Safekeeping Account, maintained by FH in accordance with the terms of Section V (b) below, for use in paying for personal items.
Securities held in a Safekeeping Account at Truist Bank are not in a securities account which is covered by the Securities Investor Protection Corporation (SIPC).
You appoint Truist Securities as your agent for the purposes of providing instructions to Truist Bank with respect to your Safekeeping Account.
We may, in our sole discretion, respond to legal process by placing a hold on the Safekeeping Account subject to such legal process.
You authorize and appoint us as your agent to debit and credit your Safekeeping Account as provided in this Service Description.
If you elect to settle all transactions through a designated Safekeeping Account or deposit account with Truist Bank, an affiliate of Truist Securities, you agree that on the settlement date Truist Securities may debit your deposit account for payment for securities purchased and credit your deposit account with the proceeds from the sale of securities.
We reserve the right, at our discretion and without notice or demand, to sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of, or otherwise use, any assets in your Safekeeping Account, free from any claim or right of yours whatsoever, including any equity or right of redemption, for our protection or to discharge any obligations you may have to us (including unmatured and contingent obligations).
We may also place a hold on the Safekeeping Account and conduct an investigation upon receipt of oral or written notice from any party of a claim regarding the Safekeeping Account, or if we suspect there to be fraud or illegal activity associated with the Safekeeping Account.
Securities held for your account in a Safekeeping Account at Truist Bank, an affiliate of Truist Securities, are not covered by SIPC.