Examples of Bursa SBL in a sentence
Only a Bursa SBL Participant may enter into a Bursa SBL Transaction subject to compliance with the relevant requirements set out in these Rules.
The Bursa SBL Participants and Lending Agents must furnish to the Clearing House or the Commission any information or Documents in relation to any Bursa SBL Transaction as required by the Clearing House or the Commission from time to time.
The Clearing House shall not be liable to any person for any loss or damage that may be incurred or suffered by such person as a result of the exercise or intended exercise of any power or performance of any duty or function conferred or imposed on the Clearing House in relation to the Bursa SBL Transactions and exercised by the Clearing House in good faith.
This obligation to indemnify the Clearing House shall survive the termination of the Bursa SBL Transaction.
The Clearing House may exercise discretion over the approval of an application to be a Bursa SBL Participant and may approve or reject such application as it deems fit.
On the occurrence of a default by a Clearing Participant in a Bursa SBL Transaction, the Clearing House may institute any action or proceedings set out in these Rules or the SBL Conditions which provide for the taking of Default Proceedings in relation to Bursa SBL Transactions.
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.
Authorised Signatories Date & Company Stamp * Terms defined and expressions construed in the Bursa SBL (Terms and Conditions for Borrower) shall have the same meanings and construction in this Application.
Securities eligible for borrowing and lending under the SBLNT model (“Eligible Securities”) are the same as those securities eligible for borrowing and lending under the current Bursa SBL Transaction model which are prescribed by Bursa Clearing (S) in SBL Circulars (as defined in the Rules of Bursa Clearing (S)).
In addition, the Lender will also be entitled to disclose any information in its possession or control to the Securities Commission of Malaysia or authorised personnel of Bursa Securities by way of granting such persons access to the Bursa SBL System and to retain such information in whatever form, for purpose of facilitating the performance of their duties and functions under the relevant requirements, Bursa Rules or laws.