Netting Account definition

Netting Account shall have the meaning specified in Section 3.7(a) of this Trust Agreement.
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Netting Account shall have the meaning set forth in 0 of this Trust Agreement.
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Netting Account means the account which a Clearing Participant holds in JSCC for the purpose of payment/receipt of Money in performing Obligation to Pay Related to Participants Settlement and other payment/receipt of Money or delivery/receipt of Japanese government bonds pursuant to these Business Rules, to/from JSCC.
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Examples of Netting Account in a sentence

  • Neither the Depositor nor any Person claiming through or under the Depositor has any claim to or interest in the Securities Account, the Distribution Account or the Netting Account.

  • The Trustee shall possess all right, title and interest in and to all funds on deposit from time to time in the Netting Account and in all proceeds thereof.

  • The Trustee shall possess all right, title and interest in and to all the securities on deposit from time to time in the Netting Account.

  • The Authorized Participant shall be responsible for all costs and expenses relating to or in connection with any transfers of cash between its designated bank account and the applicable Netting Account or Distribution Account.

  • The Netting Account shall be under the sole dominion and control of the Trustee for the benefit of the Holders of the Up-MACRO Tradeable Shares.

  • The Netting Account shall be under the sole dominion and control of the Trustee for the benefit of the Holders of the Up-MACRO Holding Shares.

  • The Netting Account shall be under the sole dominion and control of the Trustee for the benefit of the Holders of the Down-MACRO Holding Shares.

  • The Netting Account shall be under the sole dominion and control of the Trustee for the benefit of the Holders of the Down-MACRO Tradeable Shares.

  • The Up-MACRO Holding Shares on deposit from time to time in the Securities Account, all monies on deposit from time to time in the Distribution Account and the Netting Account and the Up-MACRO Holding Trust's rights under the MACRO Licensing Agreement and the NYMEX Sublicensing Agreement (or any Substitute Reference Price Licensing Agreement), shall collectively constitute the assets of the Up-MACRO Tradeable Trust (the "Trust Assets").

  • The Down-MACRO Holding Shares on deposit from time to time in the Securities Account, all monies on deposit from time to time in the Distribution Account and the Netting Account and the Down-MACRO Holding Trust's rights under the MACRO Licensing Agreement and the NYMEX Sublicensing Agreement (or any Substitute Reference Price Licensing Agreement), shall collectively constitute the assets of the Down-MACRO Tradeable Trust (the "Trust Assets").


More Definitions of Netting Account

Netting Account. An account named "Netting Account" shall be opened in the books of ABN AMRO in the name of the Clearing Member. It shall consist of an account that centralizes all payments made in the course of a netting. Such account shall be opened exclusively for the purposes of recording the netting transactions; under no circumstance may it be mingled with other accounts of the Clearing Member and it shall not give rise to delivery of checks.
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Netting Account means the account which a Clearing Participant holds in JSCC
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