Special Segregated Account definition

Special Segregated Account or “SPSA” means a Stock Segregated Account within the range of account codes specified by HKSCC which is designated by a Custodian Participant or a GCP which is not an Exchange Participant for one of its clients for the purpose of maintaining holdings of China Connect Securities of this client and for facilitating the determination of the maximum amount of China Connect Securities that may be sold by this client on a particular Trading day.
Special Segregated Account has the meaning set out in CCASS Rules; 「特別獨立帳戶」具有結算規則列明的涵義;
Special Segregated Account has the meaning set out in the CCASS China Connect Rules.

Examples of Special Segregated Account in a sentence

  • Special Segregated Account (“SPSA”) is a type of stock segregated account introduced by HKSCC on 30 March 2015 which facilitates pre-trade checking.

  • The Custodian Participant or non-EP GCP shall give not less than five Business Days’ written notice to HKSCC of the designation of an SPSA to a client (with the Investor ID), details of each EP that is designated by the client to execute sell orders on its behalf and any subsequent changes by completing and returning the Special Segregated Account and Designated Executing Broker Maintenance Form (“SPSA Form”) to HKSCC.

  • Under the SPSA Model, an investor whose Connect Securities are maintained with a custodian which is a Custodian Participant or a non-EP GCP can request such Custodian Participant or non-EP GCP to open a Special Segregated Account (SPSA) in CCASS to maintain its holdings in Connect Securities.

  • To facilitate investors whose Connect Securities are maintained with custodians to sell their Connect Securities without having to pre-deliver the SSE and SZSE Securities from their custodians to their executing brokers, the Special Segregated Account (SPSA) model was introduced on 30 March2015.

  • Restriction on selling Pre-trade checking is applicable to the Northbound China Connect, so if you want to sell A shares through IBKR, the A shares must be transferred to, and received in, your account at IBKR prior to market open on the day you are looking to sell the A shares, unless a Special Segregated Account ("SPSA") arrangement is in place.

  • Under the enhanced model, an investor whose SSE Securities are maintained with a custodian which is a Custodian Participant or a GCP which is not EP (“non-EP GCP”) can request such Custodian Participant or non-EP GCP to open a Special Segregated Account (SPSA) in CCASS to maintain its holdings in SSE Securities.

  • To facilitate investors whose Connect Securities are maintained with custodians to sell their Connect Securities without having to pre-deliver the SSE and SZSE Securities from their custodians to their executing brokers, the Special Segregated Account (SPSA) model was introduced on 30 March 2015.

  • Delivery of Eligible Securities under an STI Transfer (other than that involving a Special Segregated Account) will be effected by HKSCC by way of on-line delivery upon input (and authorisation and affirmation, if required) of an STI if there are sufficient Eligible Securities in the delivering Stock Account at the time of input or an STI Batch-run.

  • In respect of an SPSA order input by a China Connect Exchange Participant, pre- trade checking will be conducted on the stock holding position of the Special Segregated Account with the assigned investor identification number indicated by the China Connect Exchange Participant when it inputs the SPSA order in accordance with Rules 14A06(8)(b), (c) and (d).

  • In respect of an SPSA order input by a China Connect Exchange Participant, pre-trade checking will be conducted on the stock holding position of the Special Segregated Account with the assigned SPSA ID when it inputs the SPSA order in accordance with Rules 14A06(8)(b), (c) and (d).


More Definitions of Special Segregated Account

Special Segregated Account or “SPSA” has the same meaning as defined in the CCASSHKSCC Rules;
Special Segregated Account or “SPSA” means a Stock Segregated Account within the range of account codes specified by HKSCC which is designated by a Custodian Participant or a GCP which is not an Exchange Participant for one of its clients for the purpose of maintaining holdings of China Connect Securities of this client and for facilitating the determination of the maximum amount of China Connect Securities that may be sold by this client on a particular Trading Day;

Related to Special Segregated Account

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

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

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Collection Accounts As defined in Section 3.10(a).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Note Account As defined in the Indenture.

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

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

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

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

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

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

  • 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.

  • 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.

  • Administration Account As defined in Section 7.02.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).