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 and includes its successors in title;
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Examples of Bursa Clearing in a sentence

  • Please identify both the frequency of testing and the last date of testing for the following third Party: Stock ExchangeTwice per annum for all Bursa Malaysia Berhad Group of companies inclusive of Bursa Clearing (S),the Clearing House.

  • One of the requirements is that the SBL agreement must include all the matters set out in Appendix 5 of the Rules of Bursa Clearing (S).

  • A written statement or a certificate duly signed by an officer of Bursa Clearing (S) for the time being authorised to do so or generated by the Bursa SBL System certifying the amount or amounts due to or owing by one Party to the other and/or the liabilities incurred by one Party and payable by the other pursuant to these SBL Conditions shall in the absence of any manifest error be final and conclusive of the matters so certified and shall be binding on the Parties.

  • Financial settlement between Clearing Participants and Bursa Clearing (S) shall be effected in the same currency in which the securities are traded.

  • This new model is an alternative to the existing Central Lending Agency (CLA) model whereby Bursa Clearing acts as the central lending agency for all SBL transactions between Lender and Borrower, and where lenders and borrowers have to comply with Bursa Clearing’s SBL CLA Terms and Conditions.

  • 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.

  • It shall not be the obligation or duty of Bursa Clearing (S) to inquire whether any price changes or fluctuations are appropriate or otherwise or to determine the reasons for such changes or fluctuations and Bursa Clearing (S) shall not be liable for any losses, costs, expenses, damages and liabilities arising from any inaccuracy or error in such price or information.

  • The date on which an Amendment shall become effective shall not be earlier than seven (7) Business Days from the date Bursa Clearing (S) issues its Amendment notice.

  • USD 1 cent or SGD 1 cent, while the clearing fee cap is the converted equivalent of RM1,000 to be prescribed by Bursa Clearing (S) via Clearing Participant’s circular from time to time.

  • There is no requirement for this agreement to be submitted to Bursa Clearing (S) for approval or registration.


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

  • Approved Clearing Agency means any other domestic clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 which acts as a securities depository but only if the Custodian has received a certified copy of a resolution of the Board approving such clearing agency as a securities depository for the Trust.

  • 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.

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

  • 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").

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;

  • 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.

  • Clearing Systems means, in relation to a Series of Securities, any of Euroclear, Clearstream, Luxembourg and DTC, as the case may be, and includes any additional or alternative clearing systems specified in the Issue Terms.

  • 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 Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • 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.

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • 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.

  • Clearing Organization means (a) The Depository Trust Company, or, if agreed to by Borrower and Lender, such other “securities intermediary” (within the meaning of the UCC) at which Borrower (or Borrower’s agent) and Lender (or Lender’s agent) maintain accounts, or (b) a Federal Reserve Bank, to the extent that it maintains a book-entry 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.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • National Repository means any Nationally Recognized Municipal Securities Information Repository for purposes of the Rule.

  • 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.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.