Destination Account definition

Destination Account means the bank account with the BSB and account number into which the Payment, the subject of the Adviser Initiated Payment, is tobe transferred.
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Destination Account means a bank account in the name of a Beneficiary held with a Destination Bank.
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Destination Account means, in respect of any Funds Transfer, the account that is to be credited with the funds to be transferred.
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Examples of Destination Account in a sentence

  • However, the Destination Account will not receive funds until the required authorisations are received and finalised and then only after such further period as the Destination Bank requires to process the funds.

  • You cannot cancel or amend a Funds Transfer instruction once it has been issued, whether or not it has been received into the Destination Account.

  • The Permitted Destination Account institutions and currencies are those specified as available on the Website from time to time.

  • If your instruction specifies the Destination Account name in Chinese characters (or both English or Chinese Pinyin and Chinese characters), your Funds Transfer may not be processed.

  • Destination Account means, in respect of any Funds Transfer, the Account that is to be credited with the funds to be transferred.

  • It will be entirely at the discretion of the financial institution that maintains the Destination Account as to whether or not it will agree to proceed with the requested Funds Transfer.

  • If the Destination Account is denominated in a currency that is different to the currency of the Linked Account, you agree that your instruction to transfer funds also includes an instruction to the Bank to exchange funds from the currency of the Linked Account to the currency of the Destination Account.

  • Availability Funds Transfers may be made only if the funds are transferred from your Linked Account held with the Bank to a Permitted Destination Account in a Permitted Currency.

  • If you do not comply with clause3.2 or there is an error in your Funds Transfer instruction, the Funds Transfer will not be processed to your requested Destination Account and your funds will be held by the financial institution that maintains the Destination Account until further instructions are provided by you to it.

  • If the Destination Bank imposes charges for receiving the fund, you may choose to bear such charges yourself by authorising the Bank to direct debit your Account with the Bank (choosing “ours” on the Website) or instruct the Destination Bank to deduct the charges from the Destination Account (selecting “share” on the Website).


More Definitions of Destination Account

Destination Account means, in respect of an Account Transfer, the Account to which the Positions, and any associated Collateral, are to be transferred; "Direct Gross Omnibus Segregated Client Account" means an Omnibus Segregated Client Account having the features described in Rule 4.2.3(b); "Direct Individual Segregated Client Account" means an Individual Segregated Client Account that records the Contracts and their associated Collateral and Positions Registered by a Member in respect of a single Client of the Member; "Direct Net Omnibus Segregated Client Account" means an Omnibus Segregated Client Account having the features described in Rule 4.2.3(a); "Discharged Rights and Obligations" has the meaning set out in Default Procedure D2.11; "Disciplinary Committee" has the meaning set out in Membership Procedure A 2.1; "Discounted Contingent Variation Margin" (or "DCVM") has the meaning set out in Clearing Procedure C4.2(b); "DSS" means the Detailed Service Specification document published by LME Clear on the Website, as such document may be updated by LME Clear from time to time; "Eligible Cash" means cash in an Eligible Currency and which complies with any criteria specified in the Rules including the Clearing Procedures; "Eligible Collateral" means assets in the form of Eligible Cash, Eligible Securities, LME Warrant Collateral and Eligible Gold, and such other assets with such eligibility criteria as LME Clear may from time to time specify, and which comply with any criteria specified in the Rules including the Clearing Procedures; "Eligible Compressible Contracts" means Contracts in those Eligible Products that are identified in Annex 1 (Eligible Products) as "Eligible Compressible Contracts"; "Eligible Currency" means:
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Destination Account. An Account to which a transfer is made.
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Destination Account means the bank account, or bank accounts, which the parties agree in a Transaction is the bank account(s) to which the Customer Currency is to be sent by eFX.
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Destination Account shall have the meaning set forth in Section 11.2(a) hereof.
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Destination Account means segregated non-interest bearing bank accounts outside Singapore in which NIUM hold the Liquidity on behalf of the Client and in accordance with the express instructions of Customer and the Law;
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Related to Destination Account

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

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Administration Account As defined in Section 7.02.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

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

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • 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.

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

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).