e-money float definition
e-money float means the total outstanding e-money liabilities of the e-money issuer to its customers at any point in time;
e-money float means the running balance of money held by an e-money issuer which represents payments for the issue of electronic value minus the amount of electronic value that has been redeemed and which is segregated from any account held by the e-money issuer which does not hold such monies.
e-money float means the total outstanding e-money liabilities of the EMI to its customers at any one point in time.
More Definitions of e-money float
e-money float means the assets now held or to be held from time to time by Park in accordance with the Regulatory Requirements. For the avoidance of doubt this will include the assets representing the E-Money Balances from time to time;