Examples of SRS Account in a sentence
OCBC may (but is not obliged to) make any payment on the Account Holder’s behalf in connection with any corporate actions and if OCBC does not receive sufficient funds by the due date or within the time required for settlement to meet any shortfall in the SRS Account, OCBC shall have the right to sell or liquidate the SRS Investments at such price(s) in such quantities as OCBC may determine to reimburse itself for monies owing to it under the SRS Account.
The Account Holder shall forthwith upon purchase, transfer or cause all securities held in the SRS Account (“SRS Securities”) to be transferred to and registered in the name of OCBC’s appointed nominee.
The Account Holder may, by giving not less than one month’s notice in writing to OCBC, request OCBC to transfer the investments and any cash balance in the SRS Account to another Operator.
The proceeds of any entitlement in respect of any SRS Securities received by OCBC will be credited to the SRS Account within 4 Business Days after OCBC receives the same.
The SRS Account with OCBC will be deemed closed upon effective completion of the transfer subject to the payment of all OCBC Expenses.