Assured Payment definition

Assured Payment means, in relation to those Securities specified by the Custodian under the Assured Income Payment Service, an amount equal to the interest, dividends or periodic income that is due to the Client in respect of such Securities less any taxes, duties, levies, charges or any other withholding payments payable in respect of such interest, dividends or periodic income.

Assured Payment means a payment obligation of a Settlement Bank arising (under the Assured Payment Agreement) as a result of a transfer of stock or other securities to a CGO stock account of a member of the CGO for whom that Settlement Bank is acting;

Assured Payment means, in the case of securities transferred through the Relevant

Examples of Assured Payment in a sentence

• As a continuing condition of your admission by Euroclear UK & Ireland to be a member of CREST you are required to appoint a Settlement Bank to provide payment services and in particular to incur and receive Assured Payment Obligations in respect of sums which may become due or owing to or from you by reason of your holding uncertificated securities in CREST.

• Any required payments will be effected through Approved Financial Institutions that participate in the Assured Payment Systemassured payment system (APS), as described in the Finance Procedures.

• The Group agreed with the scheme trustee a revised funding arrangement for the UK scheme to support the purchase of the pensioner buy-in contract and the Assured Payment Policy (“APP”).

• Any required payments will be effected through Approved Financial Institutions that participate in the Assured Payment System (APS), as described in the Finance Procedures.

• The determination of whether Monthly Assured Payment Amount is due will be done at the end of a period of one month.

More Definitions of Assured Payment

Assured Payment means an agreement dated 24 October 1986 between the AGREEMENT" Bank of England and all the other banks which are for the time being acting as Settlement Banks in relation to the CGO regulating the obligations of such banks to make payments in respect of transfers of securities through the CGO as supplemented and amended from time to time;

Assured Payment means, in the case of Gilts transferred through the Relevant Settlement

Assured Payment means, in the case of shares transferred through the

Assured Payment means, in relation to those Securities specified by the Bank under the Assured Income Payment Service, an amount equal to the interest, dividends or periodic income that is due to the Customer in respect of such Securities less any taxes, duties, levies, charges or any other withholding payments payable in respect of such interest, dividends or periodic income.

Assured Payment means the sum collected from each BID Levy Payer in accordance with the BID Levy Rules over the course of the relevant financial year multiplied by 96%.

Assured Payment means, in the case of Euro-denominated Government Bonds

Assured Payment means, in the case of Swiss Confederation Bonds transferred through