Segregated Funds Account definition

Segregated Funds Account means a South African rand, United States Dollar, European Dollar or United Kingdom Pound bank account that, where required by this Agreement (including any annexure hereto), is established and maintained by Velocity Trade in accordance with the provisions of this Agreement (and all annexures hereto), for the purpose of receiving, holding and disbursing Client Money, including client money of other clients of Velocity Trade;
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Segregated Funds Account means a South African rand, United States Dollar, Euro or United Kingdom Pound bank account that, where required by this Agreement (including any annexure hereto), is established and maintained by Velocity Trade in accordance with the provisions of this Agreement (and all annexures hereto), for the purpose of receiving, holding and disbursing Client Money, including client money of other clients of Velocity Trade, the details of which shall be notified by Velocity Trade to the Client in writing and which written notice shall form part of this Agreement;
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Segregated Funds Account means: (i) when used in respect of NYPC the account or accounts established by NYPC to hold positions, funds, securities or other property for the accounts of Clearing Members that are not Proprietary Accounts; and (ii) when used in respect of a Clearing Member, the account established by such Clearing Member on the books of NYPC to hold positions, funds, securities or other property for the accounts of the Clearing Member that are not Proprietary Accounts.
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Examples of Segregated Funds Account in a sentence

  • Except to the extent that interest is payable to the Client pursuant to clause 8.1(c) PKF Capital will retain for its own account any interest earned on money held for the Client in the Segregated Funds Account and will not be required to pay interest on any other money held for the Client.

  • The Client authorises PKF Capital, in accordance with its usual practice, to withdraw from the PKF Capital bank account where Client Moneys are held (including, where relevant, the Segregated Funds Account), and to debit the relevant Account accordingly, at any time any such fee, commission or charge when it becomes payable.

  • The Client authorises PKF Capital to withdraw Rollover Enhancement Income from the Segregated Funds Account with effect immediately after the Close of Business.

  • The Client authorises PKF Capital, in accordance with its usual practice, to withdraw from the PKF Capital bank account where Client Moneys are held (including, where relevant, the Segregated Funds Account), and to debit the relevant Account accordingly, any such Tax, other fee, stamp duty or other Tax.

  • The Client authorises PKF Capital to withdraw the amount of any such costs, expenses or interest payable under paragraph (a) from the PKF Capital bank account where Client Moneys are held (including, where relevant, the Segregated Funds Account).

  • PKF Capital is entitled to deduct or withhold any Tax, as required by law to be deducted or withheld, from any payment made under this Agreement, or any payment made under any Transaction or any amount credited to the PKF Capital bank account where Client Moneys are held (including, where relevant, the Segregated Funds Account) or any Account.

  • Subject to this Agreement and Applicable Law, PKF Capital will hold Client Money in respect of Margin Transactions in a Segregated Funds Account.

  • Interest on client money We place client money into our Segregated Funds Account which is a client trust account.

  • Net loss = -10 EUR * 1.2572 = -12.57 AUD Your new balance: 100 AUD - 12.57 AUD = 87.43 AUD ⮚ Interest on client money We place client money into our Segregated Funds Account which is a client trust account.

  • Except to the extent that interest is payable to the Client pursuant to clause 8.1(c) Velocity Trade will retain for its own account any interest earned on money held for the Client in the Segregated Funds Account and will not be required to pay interest on any other money held for the Client.


More Definitions of Segregated Funds Account

Segregated Funds Account means an account that, where required by this Agreement (including any appendices hereto), is established and maintained by MERJ or its Associates in accordance with the provisions of this Agreement (and all annexures hereto), for the purpose of receiving, holding and disbursing of Eligible Assets, User Funds, including User funds of Users who have granted direct access to their Users in terms of the MERJ Rules;
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Segregated Funds Account means a South African Rand bank account that, where required by this Agreement, is established and maintained by Velocity Trade in accordance with the provisions of this Agreement, for the purpose of receiving, holding and disbursing Client Money, including client money of other clients of Velocity Trade;
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Segregated Funds Account means a bank account that, where required by this Agreement, is established and maintained by PKF in accordance with the provisions of this Agreement (and all annexures or appendices hereto), for the purpose of receiving, holding and disbursing Client Money,including client money of other clients of PKF; 1.1.31 “Services” means the services delivered by PKF as set out in thisAgreement and other services as may be provided from time to time; 1.1.32 “Service Provider(s)” means any entity appointed by PKF and at PKF’s solediscretion to deliver the Services outlined in this Agreement; 1.1.33 “Third Party” means any person or entity which is not a Party to thisAgreement; 1.1.34 “Trading Platform Communication” means any Order or instruction or other communication sent by way of the Electronic Trading Platform by or on behalf of the Client, or purportedlyby or on behalf of the Client; 1.1.35 “Transaction” means any transaction into which PKF and/or itsAssociates have entered or propose to enter into for or on behalf of the Client;
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Related to Segregated Funds Account

  • Segregated funds means the amount of benefits that would

  • Funds Account means an account held by you or any third parties maintained with any Participant.

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

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Series Account means any deposit, securities, trust, escrow or similar account maintained for the benefit of the Investor Certificateholders of any Series or Class, as specified in any Supplement.

  • Investment Account As defined in Section 3.12(a).

  • 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.

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

  • 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.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

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

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.

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

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).