Beneficial Identity means the ultimate beneficiary of the Account which in the case of a company or body corporate the individuals who are the ultimate beneficial owners of the share capital of the company or body corporate and includes a beneficiary holding an interest through a nominee or trust;
Beneficial Identity in relation to the Client, means the ultimate beneficiary of the Account or, where the Client is a company or body corporate, the individuals who are the ultimate beneficial owners of the share capital of the company or body corporate, and includes a beneficiary holding an interest through a nominee or trust.
Beneficial Identity. , in relation to the Client, means the ultimate beneficiary of the Account (or where the Client is a company or body corporate, the individual(s) who is/are the ultimate beneficial owner(s) of the share capital of the company or body corporate) and includes a beneficiary holding an interest through a nominee or trust, or any person or entity (legal or otherwise) that is ultimately responsible for originating the Instruction or any person or entity (legal or otherwise) that stands to gain the commercial or economic benefit of the Transaction and/or bear its commercial or economic risk;
Examples of Beneficial Identity in a sentence
The rules of such exchanges and clearing houses shall be binding on GTJAF and the Client in respect of transactions concluded on the Client's Instruction, and these rules contain provisions requiring GTJAF in certain circumstances to disclose the Client's name, Beneficial Identity and sure other information concerning the Client.