Unsettled Funds definition

Unsettled Funds means the netted Trade Value and Execution Fees required to be deposited by Liquidity Provider to reconcile the Trust Account at the Primary Close of each day;

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Unsettled Funds means the netted Trade Value and Execution Fees required to be deposited by PTM to reconcile the Trust Account at the Primary Close of each day;

Unsettled Funds means the netted Trade Value required to be deposited by the Member to reconcile the Trust

Examples of Unsettled Funds in a sentence

Each daily statement will provide the total Ounce weight held as the case may be, for each respective type of Bullion and its Prescribed Form in addition to an account activity statement detailing its Cash Balance, Credit Line, Unsettled Funds and Reserved Funds, all orders, deposits and withdrawals executed on the statement issue date.
Where Full Member subsequently credit’s its Cash Balance by way of deposit or a sale through MetalDesk, said credit shall be first applied to any Unsettled Funds with the remainder to be applied to its Cash Balance.
In the event that PTM’s intraday Trade Value debits its Credit Line, said debit shall be reflected as Unsettled Funds within its Bullion Account.
In the event that Full Member’s intraday Trade Value debits its Credit Line, said debit shall be reflected as Unsettled Funds within its Bullion Account.
For the avoidance of doubt, nothing within this Clause 5.10.3 may be construed as releasing PTM from its previously accrued deposit and/or delivery obligations with respect to any Unsettled Funds owing to the Trust Account.
For the avoidance of doubt, nothing within this Clause 5.10.3 may be construed as releasing Full Member from its previously accrued deposit and/or delivery obligations with respect to any Unsettled Funds owing to the Trust Account.
Where PTM subsequently credit’s its Cash Balance by way of deposit or a sale through MetalDesk, said credit shall be first applied to any Unsettled Funds with the remainder to be applied to its Cash Balance.
Where Liquidity Provider subsequently credit’s its Cash Balance by way of deposit or a sale through MetalDesk, said credit shall be first applied to any Unsettled Funds with the remainder to be applied to its Cash Balance.
In the event that Liquidity Provider’s intraday Trade Value debits its Credit Line, said debit shall be reflected as Unsettled Funds within its Bullion Account.

More Definitions of Unsettled Funds

Unsettled Funds means any funds received by the Supplier as Transaction Amounts which have not yet been remitted as Settlement Amounts and had Service Fees (together with any applicable Taxes levied thereon) deducted from them.