Collateralised Account definition

Collateralised Account means an Account held by Swisscard which benefits or originally benefited from Account Security (i.e. security granted for the benefit of and/or to Credit Suisse taking the form of either (i) third party (bank) guarantees issued for the benefit of Credit Suisse and/or (ii) assets held by the Cardholders with Credit Suisse that are pledged to Credit Suisse).
View Source

Examples of Collateralised Account in a sentence

  • You may only withdraw from your Collateralised Account any Collateral for the time being deposited into your Collateralised Account(s) provided that such withdrawal does not exceed the aggregate of your Outstanding Balance and any sums due under your Outstanding Purchase Position(s).

  • This Paragraph 3 (Collateralised Accounts) shall be applicable to your Collateralised Account (if any) in addition to and not in derogation from this Agreement.

Related to Collateralised Account

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, Performance Guarantor, Servicer, Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]