Bursa Clearing definition

Bursa Clearing means Bursa Malaysia Securities Clearing Sdn Bhd and includes its successors in title; “Bursa Depository” means Bursa Malaysia Depository Sdn Bhd and includes its successors in title; “Bursa Securities” means Bursa Malaysia Securities Berhad and includes its successors in title;
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Bursa Clearing means Bursa Malaysia Derivatives Clearing Berhad;
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Bursa Clearing means Bursa Malaysia Derivatives Clearing Berhad.
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Examples of Bursa Clearing in a sentence

  • The Client in relation to dealings on Bursa Derivatives appoints the Chief Executive Officer of Bursa Clearing (or as may be determined by Bursa Derivatives) as the Client’s attorney and/or agent to do all things necessary to transfer any open positions held by the Broker on the Client’s behalf to another broker where the participantship of the Broker has been suspended or terminated.


More Definitions of Bursa Clearing

Bursa Clearing means Bursa Malaysia Derivatives Clearing Berhad. “Bursa Derivatives” means Bursa Malaysia Derivatives Berhad. “Business Day” means a day on which the Broker is open for business or a day on which the Exchange on which the futures contract are carried out is open for trading. “CGI Group” means China Galaxy International Financial Holdings Limited and its related corporations (as defined in the Companies Act 2016). “CIMB Group” means CIMB Group Sdn Bhd and its related corporations (as defined in the Companies Act, 2016).
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Related to Bursa Clearing

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Clearing Agency means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act.

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • European Clearing Systems means, collectively, Clearstream, Luxembourg and Euroclear.

  • Clearing Agreement means Clearing, Settlement and Sponsorship Services Agreement by and between the Borrower and Fifth Third Bank dated as of July 27, 2016, as the same may be amended, modified, supplemented, restated, amended and restated or replaced from time to time.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Capacity Resource Clearing Price means the price calculated for a Capacity Resource that offered and cleared in a Base Residual Auction or Incremental Auction, in accordance with Tariff, Attachment DD, section 5.