THE INDEXED ACCOUNTS Clause Samples

THE INDEXED ACCOUNTS. Indexed Account are shown on the Indexed Accounts Specifications. All or a portion of the assets supporting the Indexed Accounts are held in the Separate Account shown on the Contract Specifications. We offer each Indexed Account at Our discretion and reserve the right to offer additional Indexed Accounts after the Contract Date. We reserve the right to withdraw an Indexed Account, but We will always make at least one Indexed Account available under this Contract. If an Indexed Account is added or withdrawn, We will notify the Owner. Should We withdraw an Indexed Account and a Segment of that Indexed Account has not yet reached its End Date, the Segment will not terminate until its End Date, but such Indexed Account may not be available under this Contract thereafter.
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THE INDEXED ACCOUNTS. Indexed Account options are shown on the Indexed Accounts Specifications. The Indexed Accounts available under this Contract are supported by the assets of a non-registered, non-insulated Separate Account which We established to support Our obligations with respect to the Indexed Accounts. The Indexed Account options are not invested in any underlying fund. The Separate Account supporting the Indexed Accounts available under this Contract is shown on the Contract Specifications. We offer each Indexed Account at Our discretion and reserve the right to offer additional Indexed Accounts after the Contract Date. We reserve the right to withdraw an Indexed Account, but We will always make at least one Indexed Account available under this Contract. If an Indexed Account is added or withdrawn, We will notify the Owner. Should We withdraw an Indexed Account and a Segment of that Indexed Account has not yet reached its End Date, the Segment will not terminate until its End Date, but such Indexed Account will not be available under this Contract thereafter.
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THE INDEXED ACCOUNTS. The Indexed Accounts are variable investment accounts that offer returns linked to market indices. Accounts with foreign content are affected by fluctuations in the value of the Canadian dollar. Interest credited to these accounts is based on the performance of the indices listed in the table below. Canadian Equity Index S&P/TSX 60 Index American Equity Index Standard & Poor’s 500 Index 3 American Technology Equity Index Nasdaq 100 Index 4 European Equity Index ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital International EMU Index 5* Japanese Equity Index Nikkei 225 Index 6 Global Equity Index ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital International EAFE Free Index 7* G5 Index The weight of each of the indices in the G5 index is set from time to time according to the total value, in Canadian dollars, of the shares in that index compared to the total value, in Canadian dollars, of all five indices. France - CAC 40 8 Germany - DAX 30 9 Japan - Nikkei 225 10 United Kingdom - FT-SE 100 11 United States - S&P 500 Canadian Bond Index Scotia Capital Universe Bond Index SAMPLE
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THE INDEXED ACCOUNTS. Through the Indexed Accounts, We offer participation in increases in a specified Index. The participation is determined based on a formula with specified parameters (the Participation Rate, Cap, and Floor) that are available for specified periods of time (Terms) selected by a Certificate Owner. The rate at which the value of an Indexed Account grows depends on changes in the Index on which it is based, as well as its Cap, Floor, and Participation Rate. The Participation Rate, Cap, and Floor may differ among Terms. However, the applicable Participation Rate, Cap, and Floor do not change during a Term. Allocations of the Single Premium and transfers of Account Value to the Indexed Accounts may have different applicable Participation Rates, Caps, and Floors depending on the timing of such allocations or transfers. We reserve the right to offer a different Participation Rate, Cap, and Floor to allocations than to transfers. If the allocated or transferred amount remains in the Indexed Account until the end of the applicable Term, its value will be equal to the amount originally allocated or transferred plus all Index Increases made to the Indexed Account (including End of Term Increases) less all amounts withdrawn from the Indexed Account. Our notice to a Certificate Owner of the expiration of a Term will contain information about the then currently available Terms. INDEX INCREASES We will calculate the Index Increase for an Indexed Account at each Account Anniversary after the Reset Date using the Index and the Participation Rate, subject to the Cap and Floor. We use an Index growth percentage in calculating the Index Increase. This Index growth percentage can be no more than the Cap and no less than the Floor for a Certificate Owner's current Term. Subject to these maximum and minimum limits, the growth percentage on each Account Anniversary within a Term equals: A x (B - C)/C where:
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Related to THE INDEXED ACCOUNTS

  • FIXED ACCOUNT 8 TRANSFERS AMONG ACCOUNTS...................................................10 SURRENDERING, OR WITHDRAWING PART OF THE ACCOUNT VALUE.....................10 CHARGES...................................................................10

  • Multiple Accounts If Client opens more than one Account with this same Agreement using more than one New Account Form (electronically or otherwise), Client agrees that this Agreement applies to each individual Account. This is also true as to any additional Accounts opened in the future with additional New Account Forms. Client recognizes that each Account is independently managed and may not open at the same time. If Client terminates one or more Accounts, this Agreement stays in full force and effect as to all other Accounts still being managed. As to the closed accounts the sections listed in section 15 shall survive as provided above. In the case when assets within an Account will be liquidated in order to fund another Account, Management may liquidate these assets prior to the Account opening on Management’s reporting and portfolio management system. Thus, all reporting to Client from Management will not include these liquidating transactions. If Client is updating the equity strategy for a pre-existing account, please note that there may be a period of time in which the account cannot be traded, leaving the account temporarily exposed to market risk. If this is a new account that is being funded from existing ▇▇▇▇▇▇▇▇▇ managed account(s) under this same agreement, please note that for the funding account(s) there may be a period of time during which the account(s) cannot be traded, leaving the account(s) temporarily exposed to market risk. Management will use its sole discretion as to the timing of converting a pre-existing account into another equity strategy. Management may choose to delay the sale of certain investments due to tax or investment reasons while the remaining portion of the account is converted well in advance.

  • Linked Accounts All accounts with the Bank that you enroll in a service will be linked by the tax identification numbers of the persons authorized to access the account. The linked accounts will appear together without regard to the ownership of the accounts. For example, if an authorized user of a linked account accesses the Service, that authorized user will be able to view and access at a single time the following accounts: • the accounts of the business for which that person is an authorized user; • the accounts of any other business for which that person is an authorized user; and • any consumer accounts for which the person is a co-owner or authorized signer.

  • Account Types The Financial Institution agrees that each Collateral Account is, and will be maintained as, either a “securities account” (as defined in Section 8-501 of the UCC) or a “deposit account” (as defined in Section 9-102(a)(29) of the UCC).

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"): (i) a Securities Account in the name of Customer on behalf of each Fund for Financial Assets, which may be received by Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer ("Cash Account") for any and all cash in any currency received by Bank or its Subcustodian for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian shall be held in that manner and shall not be part of the Cash Account. Bank shall notify Customer prior to the establishment of such an account. (b) At the request of Customer, additional Accounts may be opened in the future, which shall be subject to the terms of this Agreement. (c) Except as precluded by Section 8-501(d) of the Uniform Commercial Code ("UCC"), Bank shall hold all Securities and other Financial Assets, other than cash, of a Fund that are delivered to it in a "securities account" with Bank for and in the name of such Fund and shall treat all such assets other than cash as "financial assets" as those terms are used in the UCC.