Clearing Institution definition
Examples of Clearing Institution in a sentence
Other General Provisions 95.1 Duration of Disclosure 95.2 Clearing Institution / Dispute Resolution Management 91.
Guarantee deposit with Clearing Institution of RR 20 000 is restricted cash, i.e. not available for the purposes of funding Bank’s activities.
The account opened specifically for the Fund shall be separate from the respective proprietary asset accounts of the Fund Manager, the Fund Custodian, the Sales Institution and the Registration and Clearing Institution, as well as other Fund asset accounts.
Such technical risk arises with the Fund Manager, the Fund Custodian, the Registration and Clearing Institution, the Sales Institutions, the stock exchanges, and the securities registration and clearing institution, etc.
In addition, the Issuer and the Paying Agent will not have any responsibility for the proper performance by the relevant Clearing Institution or its participants of their obligations under their respective rules, operating procedures and calculation methods.
In the case of technical failure of the systems of the Fund Manager, the Registration and Clearing Institution, or the Sales Institution handling the custody transfer procedures or for other legitimate reasons, the custody transfer business can be suspended or the Unitholders' application for custody transfer may be rejected.
In the event of a refusal to recognize as a Clearing Institution, any person that has made an application for recognition shall be afforded an opportunity for a hearing on the record before the Authority, with the right to appeal an adverse decision after such hearing to the Federal High Court.
When the Investor’s application for Redemption is accepted, the Fund Manager will pay the Redemption amount to the bank account of the Unitholder within Day T+7 (including Day T+7) through the Registration and Clearing Institution and related Sales Institutions.
The Purchase confirmation by the Registration and Clearing Institution shall be taken as final.
ACM Auction Market is an organized auction market, which trades commodities in Indonesia with the auction system and insurance mechanism of the Clearing Institution.