Pool Header definition
Pool Header means the Participant Account which has been designated as the Header Account in a Notional Pooling Structure where all debit and credit interest will be centrally allocated and re-allocated. Pool Interest Amount means the debit or credit interest amount calculated based on the Interest Period and the Pool Interest Rate as accrued on the Aggregate Balance of the a Notional Pooling Structure. Pool Interest Rate means the debit and credit interest rates used for calculating the Pool Interest Amount as agreed by CBD. The Pool Interest Rate shall be applied irrespective of any debit or credit interest rates applied at the account level. Service shall mean Sweeping, Notional Pooling, Inter-Company Loans and/or the combination thereof as well as Liquidity Management Solution as a whole as the context requires. Structure means a group of Accounts, each a Participant Account, organized in accordance with parameters and rules for that group. A Structure may pertain to a Sweeping, Notional Pooling or Inter-Company Loans Structure. Sweep means a debit or credit transfer as a result of any Sweeping parameter setup. Sweeping means the service whereby funds are moved between Participant Accounts based on the parameters and rules setup for those accounts. The terms Cash Sweeping and Cash Concentration shall carry the same meaning and can be used interchangeably. Un-Cleared Balance means the Account balances that are yet to be cleared and un-available for use by the Client or Participant Clients in their Participant Accounts. User means any Personnel given access to the Services. User Role means the role assigned to Users which defines the level of access (such as Maker, Checker or Maker-Checker. Words importing the singular include the plural and vice versa.