Underlying Client definition

Underlying Client means the client of the Client; and
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Underlying Client. Account The meaning given to in Clause 2.3 (Underlying Client Accounts).
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Underlying Client means any client notified as such by the Counterparty to HSBC pursuant to the terms of Appendix 1 (EMIR HSBC Form) to the Procedures Manual.
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Examples of Underlying Client in a sentence

  • Any foreign exchange risk arising from any Transaction shall be borne by you or your applicable Underlying Client.

  • In respect of an Underlying Client that is a trustee, corporation or other person or group of persons formed as a collective investment scheme having an ‘umbrella’ structure, we will only have recourse against those assets attributable to the relevant sub-fund of the umbrella in respect of which you have effected a Transaction under these Terms.

  • We shall be entitled, without prior notice to you or your applicable Underlying Client, to make the currency conversions necessary or desirable for the purposes of fulfilling your trading obligations.

  • Alternatively, in situations where we provide the relevant Service despite any such interest and we will not be required to account to you or your Underlying Client for any income, gain, profit or other advantage arising from such interest unless required to do so under Applicable Rules.

  • In order to provide certain Services to you we are required beforehand to obtain information from you, which may include financial and other information concerning yourself (and/or, where you are acting as agent for any Underlying Client, information on that other party or parties) as we from time to time may reasonably request or as we may be required to procure in accordance with Applicable Rules.

  • We shall be under no obligation to settle Transactions or account to you or your Underlying Client unless and until we (or our agents) have received all necessary documents and/or cleared funds from you.

  • You (on behalf of your applicable Underlying Client) shall be responsible for any losses we incur arising out of your (as agent of your Underlying Clients’) non-performance or any actions we take as a result thereof.

  • We may choose to rely on any such information and shall not be liable to you or any Underlying Client for any such person’s loss arising from our reliance, or failure to rely on such information or on a Defaulting Client Report.

  • If you default in paying any amount when it is due (on behalf of your Underlying Clients), we may require that you (on behalf of your applicable Underlying Client) pay us interest at a rate equal to the prevailing effective cost of funds to us from time to time in the relevant currency as determined by us as notified to you in writing.

  • If you (as agent of your Underlying Client) have not delivered the appropriate funds or Products to us on the due date for settlement, we reserve the right, as appropriate, to exercise a sell-out of the relevant Products (as described in Clause 26) or acquire alternative Products by whatever means we (on behalf of your applicable Underlying Client) determine in our sole and absolute discretion.


More Definitions of Underlying Client

Underlying Client means any client to whom you provide investment management services and in respect of whose Portfolio you provide us with an instruction in relation to the Execution- only Service.
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Underlying Client means any counterparty agreed to in writing by us from time to time on behalf of which you are to enter as agent into Transactions with us; and where a counterparty does not constitute a single legal person, means the trustees, individuals or other persons who are the primary representatives of the organisation, trust or fund on whose behalf they are dealing.
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Underlying Client means, where You are an investment manager, investment advisor or otherwise act as agent on behalf of an underlying fund or customer the identity of which has been disclosed to GS, such underlying fund or customer.
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Underlying Client means, where you are an investment manager, investment advisor or otherwise act as agent on behalf of an underlying fund or customer the identity of which has been disclosed to GS, such underlying fund or customer.
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Related to Underlying Client

  • Mortgage Loan File As defined in Section 2.1(b) and any additional documents required to be added to the Mortgage Loan File pursuant to this Agreement.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Transaction Data is anonymized or aggregated data which has had all personally identifiable information removed.

  • Underlying Funds means open-end investment companies registered under the 1940 Act within the ING fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was in effect on May 7, 2013.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • underlying interest means, for a derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or any payment obligation of the derivative is derived, referenced or based; and

  • Additional Servicer Each affiliate of each Servicer that services any of the Mortgage Loans and each Person who is not an affiliate of the any Servicer, who services 10% or more of the Mortgage Loans. For clarification purposes, the Master Servicer and the Securities Administrator are Additional Servicers.