Client Moneys Trust Account definition

Client Moneys Trust Account means an account (however namedorstyled) maintained by FPMarkets for the purposes of the Corporations Act to hold client moneys. Close Out, Closed Out and Closing Out in relation to a Transaction mean discharging or satisfying the obligations of the parties under the Transaction and this includes:
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Examples of Client Moneys Trust Account in a sentence

  • Accordingly, FP Markets ensures that it pays such moneys into a clients’ segregated account or into a Client Moneys Trust Account which complies with the requirements of the Corporations Act.

  • Accordingly, FP Markets ensures that it pays such money into a clients’ segregated account or into a Client Moneys Trust Account which complies with the requirements of the Corporations Act.

  • Accordingly, FP Markets ensures that it pays such moneys into a clients’ segregated account or intoa Client Moneys Trust Account which complies with the requirements of the Corporations Act.

  • Accordingly, ZERO Securities Pty Ltd ensures that it pays such money into a clients’ segregated account or into a Client Moneys Trust Account which complies with the requirements of the Corporations Act.

Related to Client Moneys Trust Account

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • 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.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

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

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

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

  • Issuer Accounts means, collectively, the Excess Funding Account, the Collection Account and any Supplemental Issuer Account, including any Sub-Accounts thereof.

  • trust money means money held in trust on behalf of third parties in a trust contemplated in terms of Section 12 of the Act.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

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

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

  • Fund Custody Account means any of the accounts in the name of the Trust, which is provided for in Section 3.2 below.

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

  • Direct Account : means any Account which is not an ISA Account.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

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

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.