Funding Balance definition

Funding Balance means Client funds held by AFEX for Client pending receipt by AFEX of Delivery Instructions from Client, including Beneficiary details.
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Funding Balance means Client funds held by AFEX for Client pending receipt of an instruction from Client, including Beneficiary details.
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Funding Balance means Client funds in Australian Dollars held by AFEX Australia for Client pending receipt by AFEX of an instruction from Client, including Beneficiary details. Client funds in held in another currency are held by AFEX Inc. (or AFEX Australia as the agent of AFEX Inc.) as nominee for Client pending receipt by AFEX of an instruction from Client, including Beneficiary details.
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Examples of Funding Balance in a sentence

  • Dependent on the jurisdiction of Client, legislation or regulation may set out obligations and processes where Funding Balance may be considered abandoned.

  • Funds may be maintained in Client’s Funding Balance for a maximum of ninety (90) days.

  • AFEX will be bound by any applicable legislation or regulation governing the treatment of abandoned Funding Balance.

  • Unless prohibited, AFEX may charge all costs and expenses of any notice, advertisement, payment and delivery of the Funding Balance to the applicable governing agency, against the Funding Balance prior to remitting in accordance with the legislation or regulation.

  • If AFEX has remitted the Funding Balance in accordance with the legislative or regulatory requirements, AFEX has no further liability to Client and Client must apply to the appropriate governing agency to reclaim the Funding Balance.


More Definitions of Funding Balance

Funding Balance means Client funds in Singapore Dollars or United States Dollars held by AFEX Singapore or funds held in a Foreign Currency held by another AFEX entity or delegate appointed by AFEX Singapore for Client pending receipt by AFEX Singapore of an instruction, or complete details of instructions, from Client, including Beneficiary details.,
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Funding Balance means Client funds held by AFEX for Client pending receipt by AFEX of an instruction from Client, including Beneficiary details.
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Funding Balance means, with respect to any APA Bank at any time of determination thereof, an amount equal to such APA Bank's Pro Rata Share of all amounts due and owing to PARCO in respect of Transferred Interests Payments as at such date.
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Funding Balance means Client funds in Singapore Dollars or United States Dollars held by AFEX Singapore or funds held in a Foreign Currency held by another AFEX entity or delegate appointed by AFEX Singapore for Client pending receipt by AFEX Singapore of an instruction,
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Funding Balance has the meaning given to such term in Recital N of this Agreement.
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Funding Balance. The unpaid balance of Advances and any other charges owing by Seller to Purchaser hereunder.
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Funding Balance means Client funds in Australian
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