Segregated Funds Account definition

Segregated Funds Account means a South African rand, United States Dollar, European Dollar or United Kingdom Pound bank account that, where required by this Agreement (including any annexure hereto), is established and maintained by Velocity Trade in accordance with the provisions of this Agreement (and all annexures hereto), for the purpose of receiving, holding and disbursing Client Money, including client money of other clients of Velocity Trade;
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Segregated Funds Account means an account that, where required by this Agreement (including any appendices hereto), is established and maintained by MERJ or its Associates in accordance with the provisions of this Agreement (and all annexures hereto), for the purpose of receiving, holding and disbursing of Eligible Assets, User Funds, including User funds of Users who have granted direct access to their Users in terms of the MERJ Rules;
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Segregated Funds Account means a South African rand, United States Dollar, Euro or United Kingdom Pound bank account that, where required by this Agreement (including any annexure hereto), is established and maintained by Velocity Trade in accordance with the provisions of this Agreement (and all annexures hereto), for the purpose of receiving, holding and disbursing Client Money, including client money of other clients of Velocity Trade, the details of which shall be notified by Velocity Trade to the Client in writing and which written notice shall form part of this Agreement;
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Examples of Segregated Funds Account in a sentence

  • Subject to this Agreement and Applicable Law, MERJ Clearing and Settlement Limited (MERJ Clear) will hold User Money in respect of Margin Transactions in a Segregated Funds Account.


More Definitions of Segregated Funds Account

Segregated Funds Account means a South African Rand bank account that, where required by this Agreement, is established and maintained by Velocity Trade in accordance with the provisions of this Agreement, for the purpose of receiving, holding and disbursing Client Money, including client money of other clients of Velocity Trade;
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Segregated Funds Account means a bank account that, where required by this Agreement, is established and maintained by PKF in accordance with the provisions of this Agreement (and all annexures or appendices hereto), for the purpose of receiving, holding and disbursing Client Money,including client money of other clients of PKF; 1.1.31 “Services” means the services delivered by PKF as set out in thisAgreement and other services as may be provided from time to time; 1.1.32 “Service Provider(s)” means any entity appointed by PKF and at PKF’s solediscretion to deliver the Services outlined in this Agreement; 1.1.33 “Third Party” means any person or entity which is not a Party to thisAgreement; 1.1.34 “Trading Platform Communication” means any Order or instruction or other communication sent by way of the Electronic Trading Platform by or on behalf of the Client, or purportedlyby or on behalf of the Client; 1.1.35 “Transaction” means any transaction into which PKF and/or itsAssociates have entered or propose to enter into for or on behalf of the Client;
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Segregated Funds Account means: (i) when used in respect of NYPC the account or accounts established by NYPC to hold positions, funds, securities or other property for the accounts of Clearing Members that are not Proprietary Accounts; and (ii) when used in respect of a Clearing Member, the account established by such Clearing Member on the books of NYPC to hold positions, funds, securities or other property for the accounts of the Clearing Member that are not Proprietary Accounts.
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Related to Segregated Funds Account

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Investment Account As defined in Section 3.12(a).

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Controlled Account each Deposit Account and Securities Account that is subject to a Control Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Issuing Lender.

  • 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.

  • Disbursement Account has the meaning ascribed to it in Section 1.1(e).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement.

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

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.