Sub Account. An account listed under the account number (for example, a primary share, checking account, IRA account, share certificate, club, etc.)
Sub Account. Separate Account assets are divided into Sub-Accounts. Each Sub-Account will invest its assets in shares of a single Eligible Fund or a single Portfolio of an Eligible Fund.
Sub Account. 3.1 If the Client opens a sub-account with ZUNDIAO for managing and executing the transactions of the Client's customers, the Client must be properly registered or licensed and appointed and authorised by its customers. The Client’s registration/licensing status (if applicable) and its authorisation must be valid during the establishment and maintenance of the sub-account. The Client is solely responsible for the legality of operating the Sub-account in the relevant jurisdiction(s) and agree to indemnify ZUNDIAO against all actions, liabilities, losses, costs, expenses which may be brought against, suffered or incurred by the Client and any of the Client’s affiliates by reason of operation of Sub-account.
Sub Account. The sub-account is used to offset the mutual claims arising from the deposit agreement between IBIE and the client and from the commission transactions settled through IBIE on behalf of the client and to determine the current amount of the client's credit balance on this basis. The calculation also takes into ac- count collateral (margins) that may have to be provided by the client for orders in derivative financial instruments. The margin amounts are blocked by IBIE on the client's sub-account. IBIE ensures that the client's credit balance is updated on a daily ba- sis. The client can view the sub-account in his name at IBIE. Through the data access to the sub-account, IBIE ensures that client or- ders for the purchase of financial instruments are covered by corresponding credit balances. FXFlat can also view the client's sub-account so that it is ensured that FXFlat as commission agent does not forward any orders of the client to IBIE for which there is no account coverage. Nevertheless, FXFlat is entitled, but not required, to act as a commission agent for the client in advance. Any negative bal- ance on the sub-account - in exceptional cases, e.g. due to can- cellation entries - must be settled by the client without delay.
Sub Account. A subdivision of the Separate Account. Each of the Sub-Accounts invests in the shares of a designated Fund.
Sub Account. A separate division of the Variable Account.
Sub Account. A division of the Separate Account holding the shares of a Portfolio in the Investment Segment, the Income Segment, or both. There is a Sub-Account for each Portfolio. Surrender Value - Equal to the Annuity Account Value on the Transaction Date of the surrender, less any Premium Tax and other taxes. Transaction Date - The date on which any Contribution or Request from the Owner will be processed. Contributions and Requests received after the close of regular trading on the New York Stock Exchange (generally 4:00 p.m. ET) will be deemed to have been received on the next Business Day. Requests will be processed and the Annuity Account Value will be valued on each day that the New York Stock Exchange is open for trading. Transfer - The moving of amounts between and among the Sub-Account(s). Valuation Date - The date on which the net asset value of each Portfolio is determined, which is the end of each day that the New York Stock Exchange is open for regular business. Valuation Period - The period between two successive Valuation Dates.
Sub Account. Values: Sub-Account values are determined by multiplying the number of Accumulation Units by the Accumulation Unit Value.
Sub Account. Not applicable.
Sub Account. A subdivision of the Variable Account. Each Sub-Account's assets are invested exclusively in one of the Funds. The Sub-Accounts available on the Issue Date and the percentage of Purchase Payments you have allocated to each Sub-Account on the Issue Date are shown on the Contract Data Page(s). Other Sub-Accounts may be available after the Issue Date. Valuation Date. Each day on which the New York Stock Exchange (NYSE) is open for business, except for a day that a Sub-Account's corresponding Fund does not value its shares. The NYSE is currently closed weekends and specified holidays.
