A large horse-drawn public conveyance, especially of the late 1800s. adj. Shoaib Khan - Updated February 21, 2017 . An account carried by one Futures Commission Merchant, the carrying FCM, for another Futures Commission Merchant, the originating FCM, in which the transactions of two or more persons, who are customers of the originating FCM, are combined and carried by the carrying FCM. A shareholder is defined as the beneficial owner of securities held in a nominee's name. This type of clearing arrangement is the exception to traditional fully disclosed clearing arrangements. An omnibus account, also called a ‘cash management’ or ‘asset management’ account, is a kind of stock holding trading and clearing account between two or more futures merchants (brokers). A minimum of two individuals are required to create an omnibus account. Essentially, this means that the transactions of two or more parties are combined in the name of one broker, instead of being designated separately. Clauses Browse A-Z Search Clauses. Cite. omnibus account: An account that one futures commission merchant carries for another in which the transactions of multiple individual account holders are combined. securities deposited in such account are being held by the bank for the exclusive benefit of the customers and account holders of the broker-dealer in accordance with applicable SEC rules, and are being kept separate from any other accounts maintained by the broker-dealer with the bank.
b. Dictionary. Omnibus Account Definition. An omnibus account is formed when a brokerage firm groups together individual accounts to form a unified account at another brokerage firm. SEC Rule 22c-2 is designed to provide fund companies with trade information, at their request, in order to monitor for market timing by shareholders within omnibus accounts. In these situations, (1) the omnibus account or relationship is established by or on behalf of a financial intermediary for the purpose of executing transactions that will clear or settle at another financial institution, or the omnibus accountholder … Category US State Person Filing ID SEC Filing Type SEC Exhibit ID Company Search Contracts. Clauses. SecuritiesCE Explains Omnibus Account Omnibus Account means an account at the Bank for the benefit of the Funds into which money (A) to be deposited into an Account is initially credited pending its transfer to such Account, or (B) transferred from an Account is deposited pending its disbursement. Omnibus Account Definition. Share. By opening the account at RBA and funding it with an existing RBA account, RBA can in-turn aggregate it with its omnibus account immediately, effectively purchasing and opening the position at the day's closing price. An omnibus, or pooled account, is maintained by a financial institution to hold assets for multiple clients of an investment advisor. A printed anthology of the works of one author or of writings on related subjects. Omnibus Account Definition. Omnibus accounts are popular in futures trading, and they open up new markets and opportunities for …