Client Cash definition

Client Cash means cash of the Client placed with the Company for or in relation to Securities trading. In the event that the Client presents cheque or any other instrument in lieu of cash to the Company, it shall be deemed that the Company receives cash only upon the clearing of cheques or such other instruments. In the case that the Client transfers its money from other financial institutions to the
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Client Cash means, other than to the extent held by the Parent or the Company, cash held in a designated client account or otherwise on trust for a third party which is neither legally or beneficially owned by the relevant Chargor.
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Examples of Client Cash in a sentence

  • The Settlement Bank will settle all trades in the Securities by way of corresponding book-entries in the Client Securities Account, and the Settlement Bank will make corresponding and simultaneous cash debits or credits in the Client Cash Account.

  • It has delegated the role of holding Client Cash and Assets to Embark Platform to hold pursuant to the FCA Client Asset Rules.

  • Upon a cash debit or credit in the Client Cash Account by the Settlement Bank, BinckBank will make a corresponding and simultaneous cash debit or credit in the cash account of the relevant Securityholder with BinckBank.

  • All debit instructions provided by the FCM Clearing Member with respect to any FCM Clearing Member Own Cash Accounts and any FCM Clearing Member Client Cash Accounts may only be revoked by the FCM Clearing Member if the FCM Clearing Member also terminates its Clearing License.

  • The FCM Clearing Member shall procure that debit instructions received from Eurex Clearing AG with respect to any FCM Clearing Member Own Cash Accounts and any FCM Clearing Member Client Cash Accounts are honoured by the relevant bank.

  • Any payment obligation of the applicant towards Eurex Clearing AG with respect to the Clearing of FCM Client Transactions shall only be deemed discharged if the applicant pays the cash amount to an account of Eurex Clearing AG, which is reserved for payments with respect to FCM Client Transactions, and which is maintained with another Settlement Bank which is not an Affiliated Settlement Bank; (together, the “FCM Clearing Member Client Cash Accounts”).

  • INTEREST ON CREDIT AND DEBIT BALANCESWith the exception of interest due on Distributions which is described above (see ‘Credit’), where Interest is payable or receivable the amount shall be calculated as follows;-Closing daily balance in the relevant account*(Applicable interest rate/365)Any resulting interest shall be debited or credited as appropriate to Your Client Cash Account within 10 Days of each calendar month end or prior to termination of Your Contract if earlier.

  • Goodwill impairment indicators include sudden stock market falls, the absence of Net Client Cash Flows (“NCCF”), significant falls in profits and an increase in the discount rate.The Group continually assesses whether there are any indicators of impairment by considering each of the Advice and Wealth Management and Wealth Platforms CGU groups.

  • Any remaining balance of the investment amount will be held in the Client Cash Movement Account.

  • The realisable value will be transferred into the Client Cash Account.

Related to Client Cash

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Net Cash means (a) the sum of Tigris’ and its Subsidiaries’ cash and cash equivalents, marketable securities, accounts and interest receivable and deposits (to the extent refundable to Tigris), in each case as of the close of business on the last Business Day prior to the date of determination, determined in a manner consistent with the manner in which such items were historically determined and in accordance with Tigris’ Audited Financial Statements and Unaudited Interim Balance Sheet minus (b) the sum of Tigris’ and its Subsidiaries’ accounts payable and accrued expenses (other than accrued expenses listed below), in each case as of such date and determined in a manner consistent with the manner in which such items were historically determined and in accordance with Tigris’ Audited Financial Statements and Unaudited Interim Balance Sheet minus (c) the cash cost of any change of control payments or severance payments that are or become due to any employee of Tigris or its Subsidiaries minus (d) the cash cost of any accrued and unpaid retention payments due to any employee of Tigris or its Subsidiaries as of the Closing Date, minus (e) any remaining fees and expenses (including, but not limited to, any attorney’s, accountant’s, financial advisor’s or finder’s fees) as of such date for which Tigris or any of its Subsidiaries is liable incurred by Tigris or any of its Subsidiaries in connection with this Agreement and the Contemplated Transactions or otherwise minus (f) the fees and expenses of the Accounting Firm allocated to Tigris pursuant to Section 1.6(e), minus (g) any bona fide current liabilities payable in cash, in each case to the extent not cancelled at or prior to the Determination Date; provided that in no event shall any liabilities or accruals relating to the Legal Proceeding described on Schedule D hereto be taken into account as a reduction in Net Cash, minus (h) any unpaid amounts payable by Tigris in satisfaction of its obligations under Section 5.7(c) for the period after the Closing, plus (i) the amount of any outstanding principal and accrued interest under the Tigris Note as of the Anticipated Closing Date in excess of $3,508,750, plus (j) any amounts due to be reimbursed to Tigris by Potomac pursuant to Section 9.3(a).

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Disposable earnings means that part of the earnings of an

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Deferred Revenue is all amounts received or invoiced in advance of performance under contracts and not yet recognized as revenue.

  • Disposable pay means that part of current basic pay, special pay, incen- tive pay, retired pay, retainer pay, and, in the case of an employee not entitled to basic pay, other authorized pay, re- maining for each pay period after the deduction of any amount required by law to be withheld. The Commission shall allow the following deductions in determining the amount of disposable pay that is subject to salary offset:

  • Customer-Funded Upgrade means any Network Upgrade, Local Upgrade, or Merchant Network Upgrade for which cost responsibility (i) is imposed on an Interconnection Customer or an Eligible Customer pursuant to Tariff, Part VI, section 217, or (ii) is voluntarily undertaken by a New Service Customer in fulfillment of an Upgrade Request. No Network Upgrade, Local Upgrade or Merchant Network Upgrade or other transmission expansion or enhancement shall be a Customer-Funded Upgrade if and to the extent that the costs thereof are included in the rate base of a public utility on which a regulated return is earned. Customer Interconnection Facilities:

  • Working Capital Target has the meaning set forth in Section 1.3(b).

  • Net Cash Flow means the gross cash proceeds to the Company from all sources, less the portion thereof used to pay or establish reserves for Company expenses, debt payments (including payments on Member Loans), capital improvements, replacements and contingencies, all as determined by the Member.

  • Customer channel termination point means the location where the customer either inputs or receives the communications.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Net Operating Cash Flow means the net cash flow to the Partnership resulting from ownership and operation of the Partnership Property, plus any other items of income received in cash by the Partnership less (i) all debts and expenses paid in the operation of the Partnership, (ii) any reserves which the General Partners deem reasonably necessary for the operation of the Partnership or for the satisfaction of obligations of the Partnership pursuant to Section 8.6, and (iii) all proceeds which are (A) received by the Partnership from the Transfer of Partnership Property, and (B) used to purchase or reserved, as determined by the General Partners in furtherance of their fiduciary duties hereunder and under the Act, for the purchase of other Partnership Property.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Net Working Capital Target means $0.00.

  • Client Terminal means the MetaTrader program version 4 and/or 5, which is used by the Client in order to obtain information of financial markets (which content is defined by the Company) in real-time, to make technical analysis of the markets, make Transactions, place/modify/delete Orders, as well as to receive notices from the Company. The program can be downloaded on the Website free of charge.

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Primary dose monitoring system means a system which will monitor the useful beam during irradiation and which will terminate irradiation when a preselected number of dose monitor units have been delivered.

  • Secondary dose monitoring system means a system which will terminate irradiation in the event of failure of the primary dose monitoring system.

  • Adjusted Operating Cash Flow means the net cash provided by operating activities of the Company as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K, adjusted to eliminate the effect on operating cash flows of net customer financing cash flows, as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K.