Examples of Exempt Accounts in a sentence
Covered Employees who claim they have no direct or indirect influence or control over an account are also required to complete an Exempt Accounts Certification (typically via MCO) upon commencement of their employment and on an annual basis thereafter.
The costs of a few ALB cost centers, called Exempt Accounts, are not carried from ALBCC to DCM.
However, the CRS potentially confuses the issue, by treating pure risk life insurance contracts as Exempt Accounts only if they meet specified conditions (CRS Annex Section VIII, Para.
If the accounts are exempt under Annex II, the Financial Institution will need to report that it only maintains Exempt Accounts.
Transactions with Exempt Accounts: On any net “long” or net “short” position, by CUSIP, resulting from bilateral transactions with a counterparty that is an “exempt account” no maintenance margin shall be required.