Special Segregated Account definition

Special Segregated Account has the meaning set out in CCASS Rules; 「特別獨立帳戶」具有結算規則列明的涵義；
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Special Segregated Account or “SPSA” means a Stock Segregated Account within the range of account codes specified by HKSCC which is designated by a Custodian Participant or a GCP which is not an Exchange Participant for one of its clients for the purpose of maintaining holdings of China Connect Securities of this client and for facilitating the determination of the maximum amount of China Connect Securities that may be sold by this client on a particular Trading day.
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Special Segregated Account has the meaning set out in the CCASS China Connect Rules.
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Examples of Special Segregated Account in a sentence

  • Where an error similar to the example occurs, the relevant CCEP must report the error by submitting to the SEHK the Reporting of Trading Discrepancy / Error (For China Connect Securities in relation to Special Segregated Account Only) (“SPSA Error Reporting Form”) providing details of the clients and the stock involved, the remedial actions taken or to be taken and such other information as the SEHK may request.

  • SPSA or Special Segregated Account has the meaning as ascribed to it in the General Rules of the Central Clearing and Settlement System.

  • The Custodian Participant or non-EP GCP shall give not less than five Business Days’ written notice to HKSCC of the designation of an SPSA to a client (with the Investor ID), details of each EP that is designated by the client to execute sell orders on its behalf and any subsequent changes by completing and returning the Special Segregated Account and Designated Executing Broker Maintenance Form (“SPSA Form”) to HKSCC.

  • Upon matching of a China Connect sell order on the SSE Market System, the relevant number of China Connect Securities recorded in the relevant account referred to in (a) above or the relevant Special Segregated Account, as the case may be, will be used for stock settlement in accordance with the CCASS Rules.

  • Therefore the borrowed stocks for the purpose of short selling on a CSC trading day should be held in the selling CCEP’s CCASS account or the investor’s Special Segregated Account (SPSA) before commencement of trading on that CSC trading day.

  • Special Segregated Account (“SPSA”) is a type of stock segregated account introduced by HKSCC on 30 March 2015 which facilitates pre-trade checking.

  • A Stock Connect Fund may request its custodian to open a Special Segregated Account (“SPSA”) in CCASS to maintain its holdings in SSE and SZSE securities, in which case it will only need to transfer SSE or SZSE securities from its SPSA to its designated broker’s account after execution and not before placing the sell order.

  • It is recommended to require the BTH-1 lifting device to be designed to 10oF to coincide with the Hanford cold temperature limits.

  • Under the SPSA Model, an investor whose Connect Securities are maintained with a custodian which is a Custodian Participant or a non-EP GCP can request such Custodian Participant or non-EP GCP to open a Special Segregated Account (SPSA) in CCASS to maintain its holdings in Connect Securities.

  • As explained in Section 3, the SPSA Model which is based on the shareholding balance of a client in a Special Segregated Account maintained with a Custodian Participant or a non-EP GCP, runs alongside the pre-trade checking model which is based on EPs’ shareholdings.


More Definitions of Special Segregated Account

Special Segregated Account or “SPSA” has the same meaning as defined in the CCASSHKSCC Rules;
Sample 1
Special Segregated Account or “SPSA” means a Stock Segregated Account within the range of account codes specified by HKSCC which is designated by a Custodian Participant or a GCP which is not an Exchange Participant for one of its clients for the purpose of maintaining holdings of China Connect Securities of this client and for facilitating the determination of the maximum amount of China Connect Securities that may be sold by this client on a particular Trading Day;
Sample 1

Related to Special Segregated Account

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

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

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

  • 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).

  • Collection Accounts As defined in Section 3.10(a).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • 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.

  • Note Account As defined in the Indenture.

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

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

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

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

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

  • 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.

  • 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.

  • Administration Account As defined in Section 7.02.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.