Examples of Segregated Customer in a sentence
Borrower and the other Loan Parties shall cause all amounts on deposit or investment in the Segregated Customer Funds Accounts that constitute interest income (or otherwise no longer constitute Customer Funds) to be swept on at least a quarterly basis to a Controlled Deposit Account.
None of Borrower or any other Loan Party nor any of their respective Subsidiaries shall deposit any funds into a Segregated Customer Funds Account or direct or permit any other Person to deposit any funds into such Segregated Customer Funds Account, other than Customer Funds.
The proposed rule change will also establish multiple new types of omnibus accounts: Segregated Customer Omnibus Accounts (separately for each product: FX, F&O and CDS) and Segregated TTFCA Customer Omnibus Accounts (separately for each product: FX, F&O and CDS), as well as Omnibus Margin-flow Co-mingled Accounts.
This third proposed bulk transfer would distribute up to$2.1 billion of U.S. Segregated Customer Property in one or more stages, and permit further transfers where appropriate, as long as adequate reserves are maintained.
The Omnibus Customer Margin Account at this custodian will secure the clearing member’s net obligation in respect of these customers; the clearing member will grant a first priority pledge in favor of Eurex over this account, and will notify the third-party custodian of that pledge.24 The Segregated Customer Custody Account at this custodian will hold additional collateral that the clearing member collects from these customers (as required by Eurex, or in addition to the Eurex-required collateral).
This Motion seeks the authority to effect the equitable distribution of the True Up Amount of U.S. Segregated Customer Equity for each and every U.S.-based commodity futures customer, through this and possible future interim distributions or bulk transfers, as property is obtained and the maintenance of an adequate reserve permits.
Amend Proposed Rule 18-4(d)(2) to Clarify the Application of Required Subordination of Segregated Customer Margin for Uncleared Security-Based Swaps The SEC should amend proposed Rule 18a-4(d)(2) to make clear that in the event a counterparty elects to segregate initial margin with an independent third-party custodian, required subordination applies only to segregated initial margin that is kept out of the security-based swap dealer’s bankruptcy estate.
In the case of holders of Bounced Check Accounts who reduced their cash balances to zero, the proposed third bulk transfer would enable the Trustee to make a transfer of the entire True Up Amount—that is, more than two-thirds of theU.S. Segregated Customer Equity in the restored Bounced Check Accounts.
None of Borrower or any other Loan Party nor any of theirrespective Subsidiaries shall deposit any funds into a Segregated Customer Funds Account or direct or permit any other Person to deposit any funds into such Segregated Customer Funds Account, other than Customer Funds.
In furtherance of the Trustee’s goal of ensuring that each former MFGI commodity customer subject to the transfers benefits equally, the proposed third bulk transfer would enable the Trustee to make a transfer of the entire True Up Amount—that is, two-thirds or more of the U.S. Segregated Customer Equity in the Additional Cash-Only Accounts—to these accountholders.4 4.