Depository Account definition

Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.
Depository Account means one or more account or accounts opened, maintained and operated by the Portfolio Manager with any depository or depository participant registered under the SEBI (Depositories and Participants) Regulations, 1996 in accordance with the agreement entered into with the Client.
Depository Account means one or more account or accounts opened, maintained and operated by Portfolio Manager in the name of client or Product (as may be applicable) with any depository or depository participant registered under the SEBI (Depositories and Participants) Regulations 1996.

Examples of Depository Account in a sentence

  • In case Assets are redeemed in form of Securities, the same will be accounted for in the Portfolio Manager’s system on the date on which the Securities are debited in the Depository Account and at the value being the closing price of the Securities on the same/next day of such debit.

  • In case of the investment amount being received in the form of Securities, the same will be accounted for by the Portfolio Manager in the Portfolio on the date on which the Securities are credited in the Depository Account at the closing price of the Securities on that day of such credit.

  • Members who are holding Company’s shares in dematerialized form are required to bring details of their Depository Account Number for identification.

  • DEPOSITORY SERVICEI/We wish to open Depository Account with Please write CDSL or NSDL (CDSL: 12044700 / NSDL: IN302269) 2.

  • Members who have changed their bank account after opening the Depository Account and want to receive dividend in an account other than the one specified while opening the Depository Account, are requested to change / correct their bank account details (including the nine digit Bank code) with their Depository Participant, before Saturday, September 7th, 2019.


More Definitions of Depository Account

Depository Account. Those “depositoryaccounts initially established and maintained by the Servicer or an Affiliate thereof pursuant to Section 3.1 of the Servicing Agreement and the Master Agency Agreement, or any successor accounts in the name of and maintained by the Servicer, its Affiliate or any Successor Servicer.
Depository Account means any account of the Client or for the Client with an entity registered as a depository participant as per the relevant regulations in which the securities comprising part of the portfolio of the client are kept by the portfolio manager.
Depository Account means each depositary account, concentration account or other similar account into which Collections are collected or deposited.
Depository Account means a segregated interest bearing account, in the name of Buyer, established at Depository pursuant to this Agreement, and which is subject to the Depository Agreement.
Depository Account means the Depository Account established in Section 213 hereof.
Depository Account means an account of the Client or for the Client with an entity registered as a depository participant under the SEBI (Depositories and Participants) Regulations, 1996.
Depository Account means any account of the Client or for the Client with an entity registered as a depository participant under sub-section 1A of section 12 of the Act or any other law for the time being relating to registration of depository participants.