Settlement Confirmation Sample Clauses

Settlement Confirmation. The confirmation message corresponding to the effective movements of securities (against cash) is to be sent (MT 544 for confirmation of a receive free, MT 545 for a receive versus payment, MT 546 for a delivery free and MT 547 for a delivery versus payment). - N indicator is not required as the message type and repo type indicator provide the necessary information to derive the direction of the securities and the cash. - For multiple pieces of collateral repo, confirmations are required for each piece of collateral. - The confirmation messages business data should reflect the reality of the settlement it confirmed. - Linkage to the original instruction (with qualifier RELA) is mandatory. - Settlement and Repo transaction type should be present.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Settlement Confirmation. 37 L. Closing of the repo/reverse repo: 38 4. Instruction: 38
Sample 1Sample 2Sample 3
Settlement Confirmation. The respective confirmation message is to be sent (MT 544 for confirmation of a MT 540, MT 545 for MT 541, MT 546 for MT 542 and MT 547 for MT 543). - N indicator is not required as the message type and repo type indicator provide the necessary information to derive the direction of the securities and the cash. - For multiple pieces of collateral repo, confirmations are required for each piece of collateral. - The confirmation messages business data should reflect the reality of the settlement it confirms. - Linkage to the repo instruction (with qualifier RELA) is mandatory. - Settlement and Repo transaction type should be present.
Sample 1Sample 2
Settlement Confirmation. The confirmation message corresponding to the effective movements of securities (against cash) is to be sent (MT 544 for confirmation of a receive free, MT 545 for a receive versus payment, MT 546 for a delivery free and MT 547 for a delivery versus payment). N indicator is not required as the message type and repo type indicator provide the necessary information to derive the direction of the securities and the cash. For multiple pieces of collateral repo, confirmations are required for each piece of collateral. The confirmation messages business data should reflect the reality of the settlement it confirmed. Linkage to the original instruction (with qualifier RELA) is mandatory. Settlement and Repo transaction type should be present. Closing of the repo/reverse repo: Instruction: The instruction will be identified as being the settlement of a repo operation by using Sequence E field 22F indicator SETR//REPU. The instruction will be identified as being the settlement of a reverse repo operation by using Sequence E field 22F indicator SETR//RVPO. The linkage subsequence A1 must be used with a PREV reference field linking to the corresponding opening leg previously sent. The repo sequence will include. The closing date (may be open) The repo deal reference (the best way to identify uniquely a repo operation, whatever is the number of messages that needs to be sent it). Repurchase amount information: If the repurchase amount is known, it must be provided in the settlement amount field. No other repurchase amount info will be provided in the repo sequence to avoid confusion with the next scenario: If the repurchase amount is to be calculated, the needed info to calculate it must be indicated in the repo sequence. The settlement amount should then carry the original opening settlement amount. When multiple pieces of collateral are concerned, the total number of collateral should also be included. In that case, the various messages needed for the repo operation will be linked using the repo reference.
Sample 1Sample 2
Settlement Confirmation. Send an advice of collection to the payee or an advice of payment to the payer after collection or payment operation is confirmed.
Sample 1

Related to Settlement Confirmation

  • Confirmation The Company hereby agrees and assumes the duty to confirm on its behalf and on behalf of dealers or brokers who sell the Offered Shares all orders for purchase of Offered Shares accepted by the Company. Such confirmations will comply with the rules of the Commission and FINRA, and will comply with applicable laws of such other jurisdictions to the extent the Company is advised of such laws in writing by the Dealer Manager.

  • Reaffirmation and Confirmation Borrower hereby ratifies, affirms, acknowledges and agrees that the Credit Agreement and the other Loan Documents to which it is a party represent the valid, enforceable and collectible obligations of Borrower, and further acknowledges that there are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Credit Agreement or any other Loan Document. Borrower hereby agrees that this Amendment in no way acts as a release or relinquishment of the Liens and rights securing payments of the Obligations. The Liens and rights securing payment of the Obligations are hereby ratified and confirmed by Borrower in all respects.

  • Ratification and Confirmation Except as specifically amended herein, the Note Agreement shall remain in full force and effect, and is hereby ratified and confirmed.

  • Acknowledgement and Confirmation Each party to this Amendment hereby confirms and agrees that, after giving effect to this Amendment and the amendments contemplated hereby, and except as expressly modified hereby, the Credit Agreement and the other Credit Documents to which it is a party remain in full force and effect and enforceable against such party in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect.

  • Security confirmation On the Effective Date, each Obligor confirms that:

  • Settlement Procedures Timetable In the event of a purchase of Notes by the Purchasing Agent, as principal, appropriate Settlement details, if different from those set forth below, will be set forth in the applicable Terms Agreement to be entered into between the Purchasing Agent and the Company pursuant to the Selling Agent Agreement. For orders of Notes solicited by an Agent, as agent, and accepted by the Company, Settlement Procedures "A" through "M" shall be completed as soon as possible but not later than the respective times (New York City time) set forth below: Settlement: Procedure Time

  • Confirmations All expenses incurred in connection with the issue and transfer of Fund shares, including the expenses of confirming all share transactions.

  • Lender Status Confirmation Each Lender which becomes a Party to this Agreement after the date of this Agreement shall indicate, in the Transfer Certificate or Assignment Agreement which it executes on becoming a Party, and for the benefit of the Agent and without liability to any Obligor, which of the following categories it falls in:

  • Adoption, Ratification and Confirmation The Original Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed.

  • Counterparts and Confirmations (i) This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.

Time is Money Join Law Insider Premium to draft better contracts faster.