Examples of Master Account in a sentence
During a Protracted Outage the Reserve Banks will continue to credit payments of principal and interest on Book-Entry Securities, and debit or credit associated ACAP Claims, to the Participant’s (or its Correspondent’s) Master Account on the payment date (or the next Securities Business Day, if the payment date is not a Securities Business Day), in accordance with Operating Circular 7.
Alpine Ridge Group,508 U.S. 10 (1993) 33 CNH Diversified Opportunities Master Account, L.P. v.Cleveland Unlimited, Inc.,--- N.Y.3d ---, 2020 NY Slip Op 05976 (2020) 33 Dreisinger v.
The bank will automatically fund the account from the General Treasury Medical Assistance Master Account.
It should be noted that the Master Account and any other State of New Jersey General Treasury accounts in the vendor bank are related accounts.
Credits of principal and interest payments on Book-Entry Securities and debits and credits of associated ACAP Claims to a Master Account are final, but the Participant (or its Correspondent) may not be able to view such credit or debit to its (or its Correspondent’s) Master Account or use the funds credited to settle other Reserve Bank financial services before the start of the next Fedwire Funds Service funds-transfer business day or during the Protracted Outage.