Memorandum Discounting Statement definition

Memorandum Discounting Statement. The account(s) operated by RBSIF to calculate Discounting Charges and to record transactions in each Approved Currency and the Client’s liability to RBSIF under the Agreement.
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Examples of Memorandum Discounting Statement in a sentence

  • It will be worked out at the rate shown in the Schedule on the debit balance on the Memorandum Discounting Statement.

  • We cannot let you take any credit balance from your Memorandum Discounting Statement after we have been told of the issue of a petition for your sequestration, bankruptcy or winding up.

  • These payments will be debited to both the Receivables Purchased Account and to the Memorandum Discounting Statement.

  • If we consider such shortfall likely then we may debit it to the Receivables Purchased Account and to the Memorandum Discounting Statement.

  • Any debit to the Memorandum Discounting Statement shall be treated as a Prepayment for the purpose of working out the discounting charge.

  • On the Client becoming Insolvent, ceasing to trade, failing to repay the entire Repurchase price required to be paid on the Termination Date, the Bank cancelling the Client’s agency or on or following a Termination Event, the Bank may immediately: debit the Memorandum Discounting Statement with an additional Administration Fee of five per cent of the Notified Value of the Debts then Outstanding or Notified to the Bank thereafter to cover the Bank’s additional administrative work.

  • The Bank will debit the Administration Fee to the Memorandum Discounting Statement at the end of each month.

  • The Bank may debit the difference to the Memorandum Discounting Statement.

  • We shall debit this to both the Receivables Purchased Account and the Memorandum Discounting Statement at the end of each calendar month.

  • Any payment to you will be debited to the Memorandum Discounting Statement with an effective date for calculating discounting charges as follows: CHAPS - the same day as the payment is taken.

Related to Memorandum Discounting Statement

  • Accounting Statement means for each financial year, the following statements, namely-

  • Operating Statement shall have the meaning given to such term in Section 10.5.

  • Listing Statement means this listing statement of the Corporation, including the schedules hereto, prepared in support of the listing of the Common Shares on the CSE.

  • Filing Statement means this filing statement, together with all appendices attached hereto and including the summary hereof;

  • Offering Statement means the offering statement on Form 1-A (File No. [_________]) filed by the Company with the Commission on [_________], and the offering circular filed pursuant to Rule 253(g)(2) of the Securities Act on [_________], pursuant to which the Company has qualified for sale a maximum of $50,000,000 of its Common Shares under Regulation A of the Securities Act, as such offering statement may be amended or supplemented from time to time, or such other offering statements that the Company may qualify or register under the Securities Act from time to time.