Segregated Depository Account definition
Segregated Depository Account means an elective account opened in the records of the CSD by the Primary Participant to record the number or nominal value of the Securities deposited by the Client with the Participant, and to record all transactions and entries made in respect of such Securities; This is a designated Central Securities Account opened in the name of the Client and is clearly segregated and distinguishable from the Participant’s Central Securities Account;
Segregated Depository Account means an elective account opened in the records of the CSD by the Primary Participant to record the number or nominal value of the Securities deposited by the Investor with the Participant, and to record all transactions and entries made in respect of such Securities; This is a designated Central Securities Account opened in the name of the Investor and is clearly segregated and distinguishable from the Participant’s Central Securities Account;
Segregated Depository Account means a designated Central Securities Account for equity Securities, which is:
More Definitions of Segregated Depository Account
Segregated Depository Account means a designated Central Securities Account opened in the name of the Client, administered by a Participant and clearly segregated and distinguishable from Participant Central Securities Account.
Segregated Depository Account or “SDA” means a designated account opened in the name of a client with the ZAR X Designated CSD to record the number or nominal value of ZAR X Securities owned by the client, and to record all transactions and entries made in respect of such ZAR X Securities. This account is clearly segregated and distinguishable from an account of the ZAR X Designated CSDP.
Segregated Depository Account. (“SDA”) means an account opened in the records of the CSD by the Primary Participant to record the number or nominal value of the Securities deposited by the Client with the Participant, and to record all transactions and entries made in respect of such Securities; This is a designated Central Securities Account opened in the name of the Client and is clearly segregated and distinguishable from the Participant’s Central Securities Account; “Strate (Pty) Ltd” (registration number 1998/022242/07) means an entity authorized to operate as a CSD in terms of the Financial Markets Act;
Segregated Depository Account means a designated Central Securities Account for [equity]