Memo Segregation definition

Memo Segregation means a Securities Depository’s inventory control mechanism that allows the Custodian to instruct the Securities Depositary to protect the fully- paid-for customer securities maintained in the Custodian’s Depository Account, whereby such securities are moved from a free position to a protected (segregated) position, but are not actually physically segregated from other securities maintained in the Custodian’s Depository Account.
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Examples of Memo Segregation in a sentence

  • For the avoidance of doubt, Securities maintained in a Securities Depository, Eligible Securities Depository or Book-Entry System shall be segregated by the use of Memo Segregation and shall not be physically segregated from other Securities and non- cash property in the possession of the Custodian (including the Securities and non-cash property of the other series of the Trust, if applicable).

  • As to each Fund, the Custodian shall open and maintain a custody account in the name of the Trust coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Assets (including Securities that may be maintained in a Securities Depository and segregated in the Depository Account via Memo Segregation), which are delivered to it.

  • In the subsection “Optional Memo Segregation Indicators” of the “Memo Segregation” section, DTC is proposing to make a conforming change in order to reflect that securities positions from deliver orders relating to SFT activity at NSCC would be treated the same as stock loan positions.

  • The DTC operates an inventory control mechanism called Memo Segregation to support prime brokers’ segregation of segregated securities and excess margin securities.

  • Although identifying securities as subject to Memo Segregation does not transfer them to a separate account at DTC, the effect is to facilitate identification of those securities which the prime broker must segregate in its books and records and also facilitates the determination of securities available for rehypothecation.

  • In the subsection ‘‘Optional Memo Segregation Indicators’’ of the ‘‘Memo Segregation’’ section, DTC is proposing to make a conforming change in order to reflect that securities positions from deliver orders relating to SFT activity at NSCC would be treated the same as stock loan positions.

  • Each prime broker may provide DTC with standing instructions from Memo Segregation options which have the effect of designating the relevant securities as subject to Memo Segregation.

  • In addition, DTC will update the language in the Memo Segregation section of the Settlement Service Guide and the reason codes that receive Memo Segregation treatment to reflect this reason code and to reflect certain other technical, non- substantive changes to the reason codes.

  • A computer to computer interface with DTC saves Client personnel time, as well as providing an efficient cash management tool CHARGES ------- Memo Segregation Included in Trade/Cancel charges MONEY MARKET/SHAREHOLDER ACCOUNTING PRODUCT OVERVIEW ---------------- The Money Market/Shareholder Accounting subsystem gives Client the ability to provide a full cash management product.

  • In addition, DTC is proposing that the language in the Memo Segregation section of the Settlement Service Guide and the reason codes that receive Memo Segregation treatment be updated to reflect this reason code and to reflect certain other technical, non-substantive changes to the reason codes.

Related to Memo Segregation

  • Segregation means sorting and separate storage of various components of solid waste namely biodegradable wastes including agriculture and dairy waste, non biodegradable wastes including recyclable waste, non- recyclable combustible waste, sanitary waste and non recyclable inert waste, domestic hazardous wastes, and construction and demolition wastes ;

  • Congregation means the Congregation of the University referred to in Statute IV;

  • Government energy aggregation program means a program and

  • Distribution System Code means the code approved by the Board which, among other things, establishes the obligations of the distributor with respect to the services and terms of service to be offered to customers and retailers and provides minimum, technical operating standards of distribution systems;

  • Data Aggregation shall have the meaning given to such term under the HIPAA Privacy 32 Rule in 45 CFR § 164.501.

  • Distribution Service means the delivery of electricity to Customers by the Distribution Company.

  • Open enrollment means a period of time as defined in rule

  • Retirement system means a retirement plan or system that is established by or pursuant to title 38.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Member contribution means a contribution under regulation 32;

  • Aggregation or “Municipal Aggregation” shall mean the pooling of residential and small commercial retail electrical loads located within the municipality for the purpose of soliciting bids and entering into service agreements to facilitate for those loads the sale and purchase of electricity and related services and equipment, all in accordance with Section 1-92 of the Act.

  • Segregated funds means the amount of benefits that would

  • Segregated ballast means the ballast water introduced into a tank which is completely separated from the cargo oil and oil fuel system and which is permanently allocated to the carriage of ballast or to the carriage of ballast or cargoes other than oil or noxious substances as variously defined in the Annexes of the present Convention.

  • Depository System Participant means any participant in the Depository’s book- entry system.

  • Segregated facilities, as used in this provision, means any waiting rooms, work areas, rest rooms and wash rooms, restaurants and other eating areas, time clocks, locker rooms and other storage or dressing areas, parking lots, drinking fountains, recreation or entertainment areas, transportation, and housing facilities provided for employees, that are segregated by explicit directive or are in fact segregated on the basis of race, color, religion, or national origin because of habit, local custom, or otherwise.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Commingling means the connecting, attaching, or otherwise linking of an Unbundled Network Element, or a Combination of Unbundled Network Elements, to one or more facilities or services that a requesting Telecommunications Carrier has obtained at wholesale from Qwest, or the combination of an Unbundled Network Element, or a Combination of Unbundled Network Elements, with one or more such facilities or services.

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;

  • Distribution Network means a 'distribution network' as defined in Special Condition E2A of the Transporter's Licence held by each DN Operator;

  • Member Account means the regular account and the variable account.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Compliance Aggregation Area or “CAA” shall mean a geographic area of Zones or sub-Zones that are electrically-contiguous and experience for the relevant Delivery Year, based on Resource Clearing Prices of, for Delivery Years through May 31, 2018, Annual Resources and for the 2018/2019 Delivery Year and subsequent Delivery Years, Capacity Performance Resources, the same locational price separation in the Base Residual Auction, the same locational price separation in the First Incremental Auction, the same locational price separation in the Second Incremental Auction, or the same locational price separation in the Third Incremental Auction.

  • Distribution Tariff means the Distribution Tariff prepared by the Company and approved by the Commission on an interim or final basis, as the case may be;

  • Member contributions means all amounts paid to ASRS by a member.

  • Distribution Upgrades has the meaning set forth in the CAISO Tariff.