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 a designated Central Securities Account for equity Securities, which is:
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;

Examples of Segregated Depository Account in a sentence

  • An FCM Clearing Member may draw upon FCM Client Funds in the relevant FCM Client Segregated Depository Account to its own order, to the extent of its actual interest therein, including the withdrawal of securities held in such FCM Client Segregated Depository Account; provided, that any such withdrawals do not result in any such account holding less in segregated FCM Client Funds than such account is required to contain at such time.

  • Information contained within position- keeping accounts is consolidated into financial accounts, as follows:(a) Relationship with Position-Keeping Accounts Position- keeping Account Financial Account C ClientCLCH ForexClear Client Segregated Depository Account used for Initial Margin Flows ClientLLCH ForexClear Client Segregated Depository Account used for Variation Settlement FlowsH HouseHProprietary Account The C account is a Cleared Swaps Customer Account as defined in Part 22 of the CFTC Regulations.

  • Information contained within position- keeping accounts is consolidated into financial accounts, as follows:(a) Relationship with Position-Keeping Accounts Position- keeping Account Financial Account C ClientCLCH ForexClear Client Segregated Depository Account used for Initial Margin Flows ClientLLCH ForexClear Client Segregated Depository Account used for VariationSettlement FlowsH HouseHProprietary Account The C account is a Cleared Swaps Customer Account as defined in Part 22 of the CFTC Regulations.

  • FCM Clearing Members that invest Client Funds in instruments permitted under Regulation 103(k) shall include such instruments in their FCM Clearing Member Segregated Depository Account records and reports at values which at no time exceed their then current market value, determined as of the close of the market on the date for which such computation is made.

  • Position- keepingAccount Financial Account H HouseHProprietary AccountC ClientCLCH SwapClear Client Segregated Depository Account used for Initial Position- keeping Account Financial Account Margin Flows ClientLLCH SwapClear Client Segregated Depository Account used for Variation Settlement Flows The C account is a Cleared Swaps Customer Account as defined in Part 22 of the CFTC Regulations.

  • Securities lodged will be subject to a security interest and held in an account with the Clearing House by the FCM Clearing Member (in respect of Collateral furnished on behalf of FCM Clients, the Clearing House shall hold such securities in the applicable LCH Client Segregated Depository Account).

  • LCH Clearing Product Client Segregated Depository- Means either the LCH ForexClear Client Segregated Depository Account, the LCH SwapClear Client Account Segregated Depository Account or the LCH EnClear Client Segregated Depository Account.

  • This account would form part of the LCH SBS Client Segregated Depository Account for purposes of the FCM/BD CDS Clearing Regulations.

  • Bank FCM/BD Cleared Swaps Client Segregated Depository Account -Means “Bank” as such term is defined in Section 3(a)(6) of theExchange Act.

  • Information contained within position- keeping accounts is consolidated into financial accounts, as follows: (a) Relationship with Position-Keeping Accounts Position- keeping Account Financial Account C ClientCLCH ForexClear Client Segregated Depository Account used for Initial Margin Flows ClientLLCH ForexClear Client Segregated Depository Account used for Variation Margin FlowsH HouseHProprietary Account The C account is a Cleared Swaps Customer Account as defined in Part 22 of the CFTC Regulations.


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]
Segregated Depository Account means a designated Central Securities Account opened in the name of the Client, administered by a Participant and clearly segregated and

Related to Segregated Depository Account

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

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.