Safeguarded Account definition

Safeguarded Account means the bank account(s) belonging to us, which are separate to our own office bank accounts, into which we will receive money from you, or on your behalf, in return for the issuance of Electronic Money.
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Safeguarded Account means the bank account(s) belonging to us, which are separate to our own bank accounts, into which we will receive money from you, or on your behalf, in return for the issuance of Electronic Money.
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Safeguarded Account means the bank account(s) held by the customer accounts foundation of Argentex (Stichting Derdengelden Argentex), into which monies corresponding to Electronic Money are received from Clients and kept in
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Examples of Safeguarded Account in a sentence

  • This should be achieved by you sending us money in the correct currency to the Safeguarded Account, in which case we shall issue you with the appropriate amount of Electronic Money.

  • Where we receive money from you or on your behalf this money will be held by us in the relevant Safeguarded Account in exchange for the issuance by us to you of Electronic Money.

  • When we issue you with Electronic Money, us holding the funds corresponding to the Electronic Money is not the same as a Bank holding your money in that (i) we cannot and will not use the funds to invest or lend to other persons or entities; (ii) the Electronic Money will not accrue interest and (iii) the Electronic Money is not a deposit and is therefore not covered by the Financial Services Compensation Scheme but it is held by us and protected in the relevant Safeguarded Account.

  • Where we receive money from you or on your behalf, this money will be held by us in the relevant Safeguarded Account in exchange for the issuance by us to you of Electronic Money.

  • The Safeguarded Account shall be a designated segregated client account.

  • For Forward Transactions, the Client must deliver cleared funds (but not cash) to the Safeguarded Account covering the Initial Margin within two Business Days of the Contract Date and the remaining full amounts on the dates specified in the Contract Note or as otherwise requested by HCFX.

  • The presence of the three Independent Non-Executive Directors fulfils a pivotal role in corporate accountability.

  • Together, these scenarios provide appropriate levels of stress testing that are specific to the Enterprises’ unique lines of business.

  • Such balances can also be utilised as BTC Deposit for your Flexible, or Fixed Term Cryptodraft “Better than a Loan” products.You are aware that Fiat Currency value representing Assets that You place or deposit on the Platform in a Wallet (and is not within the E-money Safeguarded Account within the Platform) is not e-money and therefore not safeguarded or protected under the Financial Services Compensation Scheme or the Financial Ombudsman Service in the UK.

  • This should be achieved by you sending us money in the correct currency to the Safeguarded Account, in which case we shall issue you with the appropriateamount of Electronic Money.


More Definitions of Safeguarded Account

Safeguarded Account means the segregated account(s) maintained by us with our safeguarding banks and which are separate to our own office bank accounts, into which we will receive money from you, or on your behalf, in return for the issuance of e-money. “Writing” includes emails. When we use the words “writing” or “written” in this Agreement, this includes emails.
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Safeguarded Account means the bank account(s) belonging to HCFX, which are separate to our own office bank accounts, where monies received by HCFX to be held on your behalf are safeguarded pending those monies becoming due to HCFX pursuant to a Transaction or being subject to a Payment Contract.
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Safeguarded Account means the bank account(s) belonging to HCFX, which are separate to our own office bank accounts, where monies received by HCFX to be held on your behalf are safeguarded when they are still held by HCFX at the end of the business day following receipt.
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Safeguarded Account. This means that in the unlikely event of our insolvency, those funds are protected against claims by our creditors. Please note that the Financial Services Compensation Scheme does not apply to the NatWest Rooster Money Payment Service or your Parent Account.
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Related to Safeguarded Account

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

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

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Excluded Accounts means any Xxxxx Cash Account and any other deposit account used for (a) funding payroll or segregating payroll taxes or funding other employee wage or benefit payments, (b) segregating 401(k) contributions or contributions to an employee stock purchase plan or (c) funding other employee health and benefit plans.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Control Account means a Securities Account or Commodities Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodities Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Controlled Account has the meaning specified therefor in Section 7(k).

  • Compliance account means a NOx allowance tracking system account, established by the U.S. EPA for a NOx budget unit under section 10 of this rule, in which the NOx allowance allocations for the unit are initially recorded and in which are held NOx allowances available for use by the unit for an ozone control period for the purpose of meeting the unit’s NOx budget emissions limitation.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Separate Accounts means the accounts which are to be prepared for each

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.