Settlement and clearing Sample Clauses
Settlement and clearing. 1 Centralized settlement
1.1 Settlements between designated operators may pass through a central clearing house, in accordance with the procedures set out in the Regulations and shall be carried out from the designated operators' concentration accounts.
Settlement and clearing. Participants will be responsible for the settlement of scrip and payment transfers through the CSD, the JSE and the South African Reserve Bank.
Settlement and clearing. 1 Centralized settlement
1.1 Unless otherwise bilaterally agreed as per paragraph 2, settlements of electronic postal payment services between designated operators shall pass through the Union’s central clearing house, in accordance with the procedures set out in the Regulations, and be carried out from the designated operators’ concentration accounts.
Settlement and clearing arrangements