Value Dating definition

Value Dating means the date on which the Bank calculates interest on funds debited from or credited to Account(s).
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Examples of Value Dating in a sentence

  • If the Transfer Due Date was a Euro payment day then for the purposes of Value Dating the Transfer will be deemed to have taken place on the Euro payment day.

  • The indicative Maximum Value Dating Limit is determined by the Broker on a day-by-day and case-by-case basis; information about limits can be provided to the Client before submission of order.

  • It is the responsibility of the Client to make sure that all orders are within the Value Dating Limit effective at that time.

  • This being the case, the Broker shall sell the Client’s securities at a reasonable market price and use the proceeds in the following order: 1) Final Settlement under operations with Value Dating Limit; 2) amounts owed by the Client with respect to the Broker’s fees; 3) the rest to be deposited into the Client’s Brokerage Account.

  • Where a Value Dating Limit is provided to the Client, the Client, by executing the agreement, gives to the Broker an irrevocable order to sell the securities available on the Client’s account with the Broker (without limitation), if there is not enough cash on the Brokerage Account by COB the date of Value Dating Limit transaction to perform Final Settlement.

  • The Value Dating Facility may be granted to the Client only if stipulated in Agreement.

Related to Value Dating

  • Value Date means a reference time used by a payment service provider for the calculation of interest on the funds debited from or credited to a payment account;

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Best Value Duty means the duty imposed on the Authority by Part 1 of the 1999 Act and under which the Authority is under a statutory duty to continuously improve the way its functions are exercised, having regard to a combination of economy, efficiency and effectiveness and to the guidance issued from time to time by the Secretary of State, the Audit Commission and the Chartered Institute of Public Finance and Accountancy pursuant to, or in connection with, Part 1 of the 1999 Act.

  • Average Daily Managed Assets of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. Subject to the provisions of Section 5 below, the accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.