Trade Settlement Account definition

Trade Settlement Account means the Account, as defined in the Securities Custody Agreement.
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Trade Settlement Account means the bank account enrolled by client upon account opening for the purpose of receiving proceeds of trades. “Website” refers to www.firstmetrosec.com.ph or other sites authorized by First Metro Securities Brokerage Corporation.
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Trade Settlement Account means the bank account enrolled by client upon account opening for the purpose of receiving proceeds of trades. “Website” refers to xxx.xxxxxxxxxxxxx.xxx.xx or other sites authorized by First Metro Securities Brokerage Corporation. References to the Securities and Exchange Commission (“SEC”), the Philippine Stock Exchange (“PSE” or the “Exchange”), the Bangko Sentral ng Pilipinas (“BSP”), the Anti-Money Laundering Council (“AMLC”), The Philippine Dealing & Exchange Corp. (PDEX), the Philippine Depository and Trust Corporation (PDTC), the Capital Markets Integrity Corporation (“CMIC”), the Securities Clearing Corporation of the Philippines (“SCCP”) and the Bureau of the Treasury (BTr) shall be deemed to refer also to their successors in interests and assigns. In consideration of my/our application to open a securities trading account (“Account”) with your Company, I/We hereby appoint you as my stockbroker and I/We agree that all of the transactions made under the Account shall be governed by the laws, rules, and regulations of the SEC, PSE, CMIC, SCCP, BSP, AMLC, and all other pertinent government agencies and instrumentalities, the Foreign Accounts Tax Compliance Act (“FATCA”), Republic Act No. 10173 or the Data Privacy Act of 2012, as amended (Data Privacy Act) and customs and usages of the foregoing, and other applicable government authority, and the following terms and conditions:
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Examples of Trade Settlement Account in a sentence

  • I also understand that you have the option to credit to my Trade Settlement Account the proceeds of my stock/fixed income securities/mutual funds/other product sell transactions, cash dividends, maturities, etc.

  • Delores was the loving mother of the late Frank Joseph Eberl and Barbara Jo Strehlow, dear grand- mother of Jenafer (Ken) Schinner and Kris- ten Ruegg, and beloved great-grandmother of Joseph and Rachel Schinner.

  • I shall abide by the internal procedural policy of Metrobank with regard to posting priority of bank transactions to my designated Trade Settlement Account.

  • I understand that I will be allowed to purchase equities, fixed income securities, mutual funds or other products, up to the pledged amount in my Trade Settlement Account and any clear funds I have with First Metro Securities.

  • In case the deposit account I have designated as a Trade Settlement Account is a joint “or” account, I shall not hold you and/or Metrobank liable for any action made by the other party in a joint “or” settlement account resulting from debit entries against the said account related to online trading.

  • I am aware that pledges in my Trade Settlement Account are intended to fund this Stock Brokerage Account with you for my future obligations to you in connection with my purchases of securities, fixed income, mutual funds or other transactions done and services rendered.

  • I hereby waive my rights under existing laws to the confidentiality of bank deposits with regard to the funds in my Trade Settlement Account that I ‘pledge_ or earmark through Metrobank direct to fund this Stock Brokerage Account with you.

  • I hereby authorize you to automatically debit my Trade Settlement Account as and when I purchase securities through you, or whenever I have any other amounts owing to you, in such amounts as may be necessary to fully settle my account(s) with you, including without limitation the purchase price of securities purchased, commissions, taxes and other applicable fees, costs, levies or duties.

  • In the event that I have an existing deposit account with Metrobank, it may be designated as a regular and as a Trade Settlement Account at the same time.

  • I hereby authorize you to automatically debit my Trade Settlement Account as and when I purchase securities through you, or whenever I have any other amounts owing to you, in such amounts as may be necessary to fully settle my Account(s) with you, including without limitation the purchase price of securities purchased, commissions, taxes and other applicable fees, costs, levies or duties.


More Definitions of Trade Settlement Account

Trade Settlement Account means the Account, as defined in the Securities Custody Agreement. “Transaction” is defined in the Recitals.
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Trade Settlement Account means the bank account enrolled by client upon account opening for the purpose of receiving proceeds of trades. “Website” refers to xxx.xxxxxxxxxxxxx.xxx.xx or other sites authorized by First Metro Securities Brokerage Corporation. References to the Securities and Exchange Commission (“SEC”), the Philippine Stock Exchange (“PSE” or the “exchange”), the Bangko Sentral ng Pilipinas (“BSP”), the Anti-Money Laundering Council (“AMLC”) and the Securities Clearing Corporation of the Philippines (“SCCP”) shall be deemed to refer also to their successors in interests and assigns. In consideration of my application to open a securities trading account (“Account”) with your Company, I hereby appoint you as my stockbroker and agree that all of the transactions made under the Account shall be governed by the laws, rules and regulations of the PSE, the SCCP, the SEC, the BSP, the AMLC, the Foreign Accounts Tax Compliance Act (“FATCA”), the Data Privacy Act of 2012, and other government agencies and instrumentalities and customs and usages of the foregoing, and the following terms and conditions:
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Related to Trade Settlement Account

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Settlement Asset means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Excluded Accounts means any Xxxxx Cash Account and any other deposit account used for (a) funding payroll or segregating payroll taxes or funding other employee wage or benefit payments, (b) segregating 401(k) contributions or contributions to an employee stock purchase plan or (c) funding other employee health and benefit plans.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit 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.

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

  • Investment Account As defined in Section 3.12(a).

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

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

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

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

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

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

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

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

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

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

  • 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.

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

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