Direct Account definition

Direct Account. : means any Account which is not an ISA Account.
Direct Account means an Account established directly with and through BNYM as a registered account on the Fund Registry and through which the owner of record has the ability to directly conduct account and transactional activity with and through BNYM.
Direct Account means an account holding Fund shares established directly with and through PNC by a natural person as a registered account on the Fund Registry and through which the owner of record has the ability to directly conduct account and transactional activity with and through PNC.

Examples of Direct Account in a sentence

  • The Clearing House will determine, in respect of each Indirect Clearing Client comprising the Indirect Gross Account, whether a Client to Client Porting, a Direct Account Opening or an Initial Transfer (as applicable) is possible within the period of time considered by the Clearing House (in its sole discretion) to be appropriate in the relevant circumstances.

  • In the event of a determination by the Clearing House that the relevant step is impossible within such time period (an "Impossibility Determination"), the Clearing House will notify the ForexClear Clearing Member and will not undertake a Client to Client Porting, a Direct Account Opening or an Initial Transfer in respect of the relevant Indirect Clearing Client.


More Definitions of Direct Account

Direct Account means an Account established directly with and through DTI as a registered account on the Fund Registry and through which the owner of record has the ability to directly conduct account and transactional activity with and through DTI;
Direct Account means any part of the FTSE 100 Enhanced Income Plan 40, which is not an ISA.
Direct Account means any part of the EVEN 30™ Deposit Growth Plan 42, which is not an ISA.
Direct Account means any part of the FTSE 100 Enhanced Kick-Out Plan 59, which is not an ISA.
Direct Account means any part of the FTSE 100 6 Year Defensive Deposit Plan 9, which is not an ISA.
Direct Account means any part of the FTSE 100 Kick-Out Deposit Plan 59, which is not an ISA.
Direct Account means any part of the FTSE 100 6 Year Defensive Deposit Plan 3, which is not an ISA.