Clearing and Settlement Services definition

Clearing and Settlement Services. The process by which, once an investment has been bought or sold on your behalf, the money is transferred from the buyer to the seller and the investments or the title to the investments is transferred from the seller to the buyer.
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Examples of Clearing and Settlement Services in a sentence

  • As used in “Exhibit 5.3(A)” attached to this Amendment, the term “First Amendment To Clearing and Settlement Services Agreement” refers to the First Amendment To Clearing and Settlement Services Agreement, among the parties hereto, dated as of June 22, 2005.

  • This is an Amendment dated as of September 28, 2007 (the “Amendment”) to the Clearing and Settlement Services Agreement dated as of July 23, 2004 (which, as previously amended and as amended herein and from time to time hereafter, is referred to herein as the “Agreement”), by and between TransFirst Holdings, Inc., Columbus Bank and Trust Company, TransFirst, LLC (Delaware), TransFirst Health Services, Inc.

  • If Company fails to do so, Bank, in addition to any other rights and remedies it may have under the Agreement, at its option (and subject to the relevant provisions of the First Amendment To Clearing and Settlement Services Agreement) may use any funds which would otherwise be payable to Company, or any funds in the Merchant Settlement Account or in the Company Account, to replenish the Company Reserve Account.

  • This is an Amendment dated as of June 22, 2005 (the “Amendment”) to the Clearing and Settlement Services Agreement dated as of July 23, 2004, by and between TransFirst Holdings, Inc.

  • The Trust shall be solely responsible for compliance with any investment policies, guidelines, restrictions on ownership or other restrictions whatsoever in relation to Securities, which may from time to time be binding on the Trust and/or the Sub-Custodian when providing Clearing and Settlement Services.

  • ISO/MSP Clearing and Settlement Services Agreement between Optimal Payments Corp.

  • Clearing and Settlement Services The process by which, once an investment has been bought or sold on your behalf, the money is transferred from the buyer to the seller and the investments or the title to the investments is transferred from the seller to the buyer.