Examples of SMA Account in a sentence
When an SMA Account is held in joint names and one account holder dies the credit balance in the SMA Account will be treated as owing to the surviving account holders.
Your lender is likely to have certain rights as a mortgagee over some or all of the securities in your SMA Account that are held by the appointed custodian.
For policymaking, the mainstream spatial planning approaches are based on growth-oriented paradigms developed based on the experiences of successful economic areas.
Rebalancing and settlement Each Portfolio within your SMA Account must contain sufficient funds to settle any transactions.
Upon closure of your SMA Account any accrued interest will be paid by the end of the month.
Deceased estates In the event of your death: • applicable management fees will continue to be deducted until your SMA Account is closed by your legal personal representative or any other person who we recognise as having a claim to your SMA Account, eg an executor or administrator appointed to manage your estate, and • your investments will continue to be invested in accordance with your selected SMA Model Portfolio(s), until otherwise instructed by a properly authorised person.
Where you have selected to apply customisations to your SMA Account, we will calculate new weights for the remaining unrestricted securities within each SMA Model Portfolio.
As an indirect investor, you should consult the offer documents provided by your Eligible Platform to determine whether beneficial ownership of SMA Account investments is affected by investing in the SMA through the platform.
It may also result in additional transactions in your SMA Account and a cash weighting that differs from the SMA Model Portfolio(s).
This payment will be made to your Platform Account.Your Eligible Platform provider will provide you with a final annual tax report after the end of the Australian financial year in which your SMA Account is closed.