payment of an account
111charge account — credit account An account held by a customer at a retail shop that allows payment of any goods purchased at the end of a stated period (usually one month). Interest will be charged on any amounts unpaid after this period. The customer is… …
112escrow account — A bank account generally held in the name of the depositor and an escrow agent which is returnable to depositor or paid to third person on the fulfillment of escrow condition; e.g. funds for payment of real estate taxes are commonly paid into… …
113escrow account — A bank account generally held in the name of the depositor and an escrow agent which is returnable to depositor or paid to third person on the fulfillment of escrow condition; e.g. funds for payment of real estate taxes are commonly paid into… …
114to account — As an instalment or interim payment ● account …
115Cash Memorandum Account — abbr CMA This is a record of each CREST Member s payment obligations. These accounts do not represent cash, but rather instructions to members payment banks to transfer funds at the end of the day. This is settlement on the business day following …
116Protected Payment System — The automated payments system operated by LCH for the collection and payment of margin. LCH has a mandate over its clearing members bank accounts, and can therefore pass instructions for margin monies ( variation margin debits and initial margin) …
117classic payment method — With this method, a coupon security is distributed at account level on the Single Platform, generally (but not always) on the payment date of the cash distribution. The distribution is based on each holder s position on the record date.… …
118Direct Account Holder — In the ESES context, this is a Party that holds one or more Securities Accounts and that is able to transfer securities in the CSD System, using either free of payment instructions or delivery versus payment instructions. Euroclear Clearing and… …
119classic payment method — With this method, a coupon security is distributed at account level on the Single Platform, generally (but not always) on the payment date of the cash distribution. The distribution is based on each holder s position on the record date.… …
120Direct Account Holder — In the ESES context, this is a Party that holds one or more Securities Accounts and that is able to transfer securities in the CSD System, using either free of payment instructions or delivery versus payment instructions …
