Bulk Clearing Settlement Run definition

Bulk Clearing Settlement Run means a settlement run effected through CHATS for the settlement of Articles on a bulk clearing and/or settlement basis as provided in these Clearing House Rules.
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Examples of Bulk Clearing Settlement Run in a sentence

  • If the Bulk Clearing Settlement Run of OTC Items is not successfully undertaken or completed under paragraph 5, 6 or 7, the Settlement Holds will be released upon cancellation of Bulk Clearing Settlement Run of OTC Items.

  • If the first (one or more) delayed Bulk Clearing Settlement Run(s) cannot be completed before the beginning of the next immediate scheduled Bulk Clearing Settlement Run after the revised CHATS Commencement, priority shall be given to the next immediate Bulk Clearing Settlement Run, followed by the delayed Bulk Clearing Settlement Run(s).

  • All Articles (or information relating thereto and/or (where permitted) images thereof contained in Electronic Media) to be processed in a Bulk Clearing Settlement Run must be delivered at the Clearing House by the relevant appointed time.

  • If the Bulk Clearing Settlement Run is not successfully undertaken or completed under paragraph 5.1 or 5.2, the Settlement Holds will be released upon replacement by new Settlement Holds placed for a subsequent Bulk Clearing Settlement Run.

  • The Bulk Clearing Settlement Run for the Credit Card Company concerned will be cancelled.

  • Each Card Agent or Credit Card Company as the case may be shall deliver the settlement file containing Credit Card Items to the Clearing House for processing at least one hour before the commencement of the Bulk Clearing Settlement Run for Credit Card Items.

  • Paying Members shall pay Receiving Members on the date of settlement of the relevant Bulk Clearing Settlement Run an interest compensation to be calculated on their respective Net Balance Payable at the Interest Adjustment Rate.

  • Separate Bulk Clearing Settlement Runs will be used for each Credit Card Company and for any Credit Card Company appointing more than one Card Agent a separate Bulk Clearing Settlement Run will be used for Credit Card Items generated by each Card Agent of that Credit Card Company.

  • The Clearing House Computer will place a Settlement Hold on a debit Settlement Amount of a Credit Card Member as from the commencement of the Settlement Process of each Bulk Clearing Settlement Run of Credit Card Items.

  • The details of arrangements are stipulated in the Operating Procedures; or (b) The relevant Bulk Clearing Settlement Run of the Credit Card Company concerned whose Credit Card Member is in default will be cancelled.

Related to Bulk Clearing Settlement Run

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Physical Settlement shall have the meaning specified in Section 14.02(a).

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.