Examples of Approved Bank in a sentence
Where, for the purposes of this paragraph the Company borrows an amount of currency from an Eligible Institution or an Approved Bank; and keeps an amount in another currency, at least equal to such borrowing for the time on deposit with the lender (or his agent or nominee), then this applies as if the borrowed currency, and not the deposited currency, were part of the Scheme Property.
This limit is raised to 10% where the counterparty is an Approved Bank.
The Company may borrow only from an Eligible Institution or an Approved Bank.
Money received by the Manager in the form of redemptions, cheques or other remittances is paid directly into a client money account maintained by the Manager with an Approved Bank, as defined in the FCA Rules, and protected in line with the Client Money Rules.
Any forward transaction must be with an Eligible Institution or an Approved Bank.