Sweep Option definition

Sweep Option means an investment option offered as part of the Cash Investment Service for the automatic investment of available cash balances (from securities transactions, dividend and interest payments, and other activities) in a Securities Account.
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Sweep Option means an investment option offered as part of the Cash Investment Service for the automatic investment of
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Sweep Option means the Deposit Accounts or the RMA money market funds or other applicable sweep investment options as more fully described in the Disclosure Statement or the prospectuses for the UBS RMA money market funds or other applicable sweep investment options, as applicable.
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Examples of Sweep Option in a sentence

  • This payment order of priority system provides for an ef- ficient use of funds, since you will not incur the cost of a margin loan until all available Free Credit Balances and any amounts you hold in a Sweep Option are fully used.

  • The use of a more expensive share class of a Money Market Fund as a Cash Sweep Option will negatively impact your overall investment returns.

  • No payment or Transfer that would exceed the combined value of your Free Credit Balance, any amounts you hold in a Sweep Option, and Margin Line of Credit will be made.

  • As a result, a Custodian Account will not have the ability to cover with margin any Check, ACH, or Card Transactions in excess of the Free Credit Balances and any amounts you hold in a Sweep Option.

  • The sweep of a free Credit Balance to your Sweep Option will be subject to the standing instructions in your Securities Ac- count for security and cash disposition as determined by you.

  • You agree that Stifel will require written instructions from you or your authorized agent to make any changes to your Cash Investment Service Sweep Option election and that oral instructions will not be accepted or processed.

  • The list of Money Market Funds used as a Cash Sweep Option may be obtained by contacting your financial professional.

  • As a result of the benefits described above, the Standard Bank Deposit Sweep will be more profitable to the Clearing Agent than the Expanded Bank Deposit Sweep, which means the Clearing Agent will receive a greater benefit if you select the Standard Bank Deposit Sweep as your Cash Sweep Option.

  • If applicable, in the event a Transaction is presented for an amount in excess of any amounts you hold in a Sweep Option and Free Credit Balances, and to the extent you have a sufficient Margin Line of Credit in your Securities Account, Stifel will loan you the money to cover the Transaction and you will be charged interest on that loan.

  • You will receive advance notice of certain changes the Clearing Agent may make to the Cash Sweep Program, including changes from one Cash Sweep Option to another, any reduction in the number of Program Banks in either of the Bank Deposit Sweeps, or, for retirement accounts, any reprioritization of the Affiliated Banks relative to the Unaffiliated Banks under the Expanded Bank Deposit Sweep, if it affects your account.

Related to Sweep Option

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Replacement Option has the meaning set forth in Section 3.06.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.