Sub-Account Sample Clauses

Sub-Account. A separate division of the Variable Account.

Sub-Account. 3.1 If the Client opens a sub-account with ZUNDIAO for managing and executing the transactions of the Client's customers, the Client must be properly registered or licensed and appointed and authorised by its customers. The Client’s registration/licensing status (if applicable) and its authorisation must be valid during the establishment and maintenance of the sub-account. The Client is solely responsible for the legality of operating the Sub-account in the relevant jurisdiction(s) and agree to indemnify ZUNDIAO against all actions, liabilities, losses, costs, expenses which may be brought against, suffered or incurred by the Client and any of the Client’s affiliates by reason of operation of Sub-account.

Sub-Account. Separate Account assets are divided into Sub-Accounts. Each Sub-Account will invest its assets in shares of a single Eligible Fund or a single Portfolio of an Eligible Fund.

Sub-Account. A subdivision of the Separate Account. Each of the Sub-Accounts invests in the shares of a designated Fund.

Sub-Account. The sub-account is used to offset the mutual claims arising from the deposit agreement between IBIE and the client and from the commission transactions settled through IBIE on behalf of the client and to determine the current amount of the client's credit balance on this basis. The calculation also takes into ac- count collateral (margins) that may have to be provided by the client for orders in derivative financial instruments. The margin amounts are blocked by IBIE on the client's sub-account. IBIE ensures that the client's credit balance is updated on a daily ba- sis. The client can view the sub-account in his name at IBIE. Through the data access to the sub-account, IBIE ensures that client or- ders for the purchase of financial instruments are covered by corresponding credit balances. FXFlat can also view the client's sub-account so that it is ensured that FXFlat as commission agent does not forward any orders of the client to IBIE for which there is no account coverage. Nevertheless, FXFlat is entitled, but not required, to act as a commission agent for the client in advance. Any negative bal- ance on the sub-account - in exceptional cases, e.g. due to can- cellation entries - must be settled by the client without delay.

Sub-Account. Values: Sub-Account values are determined by multiplying the number of Accumulation Units by the Accumulation Unit Value.

Sub-Account. A BEP/DCP Sub-Account, a SRIP Sub-Account or a Severance Sub-Account.

Sub-Account. The bank shall open sub-accounts for each lender, borrower and guarantor under the summary account to make sure there are clear statistics of every funds transactions flow of each lending, loan and etc., and to accurately identify each of other customer roles of each lender, borrower, guarantor and etc. To ensure that the online loan fund depository system is consistent with the system data of the client, the customer information of the sub-account shall correspond to the customer information of the client one by one. The bank promises that it will not outsource or entrust other institutions to have operation of opening funds account, dealing with transaction information, verifying transaction password and etc. The nature of the sub-account is virtual account, and the account funds are interest-free, and cannot be operated through online banking, mobile banking and other channels. The opening of sub-account shall ensure that customers’ online loan funds shall be managed separately. (Four) Self-owned Funds Account The debit account opened by Party A for Party B shall be used to deposit Party B’s own funds, collect service fees and settle relevant depository fees during the operation process, and shall be completely separated from the fund depository special account. 6.8 The Management of Account Changing The change of account information, the mobile phone number of sub depository account, transaction password and other information. Account freezing and closing functions provided by the depository system:

Sub-Account. 12.1 For all matters relating to the custody of the Deposited Securities in the Sub-Account, (a) the terms and conditions in Clauses 1.1, 2.2, 2.3, 2.4, 3.1, 3.3, 3.4, 3.5, 6.3(b), 7, 9.1, 10 to 12 of this Schedule 3 shall be binding between the Customer and DBS ▇▇▇▇▇▇▇ (as Depository Agent), and (b) Clauses A16 of Section A of this Agreement, and Clauses 1.2, 1.3, 1.4, 3.2, 4, 8.1, 9.2 and 9.3 of this Schedule 3 shall be binding between the Customer and DBS ▇▇▇▇▇▇▇ (as Depository Agent) as if the words “DBS Bank” were replaced by the words “DBS ▇▇▇▇▇▇▇”. 12.2 DBS ▇▇▇▇▇▇▇ shall not have a right of set-off or lien in relation to Deposited Securities held in the Sub- Account which are subject to the Memorandum in favour of DBS Bank, and only DBS Bank shall have rights to realise the Deposited Securities under and pursuant to the Memorandum and this Agreement. 12.3 The Depository Agent’s duty in respect of the Deposited Securities shall be limited to exercising good faith in respect of any action or inaction in relation to the custody of the Deposited Securities and shall be limited to acting as bare trustee. We hereby provide you with our Risk Disclosure Statement which highlights to clients who engage in securities (as defined below in paragraph 7), treasury and financial derivatives transactions with us or through us the risks which may be involved in such trading as well as of some of our policies in respect of such trading. You should not enter into a transaction unless you fully understand: - (a) the nature and fundamentals of the transaction and the market underlying such transaction; (b) the legal terms and conditions of the documentation for such transaction; (c) the extent of the economic risk to which you are exposed as a result of such transaction (and determine that such risk is suitable for you in light of your specific experience in relation to the specific transaction and your financial objectives, circumstances and resources); (d) the income tax treatment of such transaction (which can be complex); and (e) the regulatory treatment of such transaction. The objective of this statement issued to you by DBS Bank Ltd (“DBS Bank”) is to explain to you, briefly, the nature of securities, treasury and financial derivatives transactions prior to your undertaking of such transactions. In particular, you must be aware that the associated risk of loss in trading securities, treasury and financial derivatives transactions or contracts can be substantial. ...