Clearing Operations definition

Clearing Operations means the business relating to clearing, depository and settlement operations conducted by any Subsidiary.
Sample 1Sample 2Sample 3
Clearing Operations means the business relating to clearing, depository and settlement operations conducted by any Subsidiary. “Closing Date” means the first Business Day on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with
Sample 1

Examples of Clearing Operations in a sentence

  • Form of the Securities The Securities will be in dematerialised form and will only be evidenced by book entries in the system of the Central Securities Depository for registration of securities and settlement of securities transactions in accordance with the Finnish Act on Book-Entry Accounts (827/1991) and the Finnish Act on the Book-Entry System and Clearing Operations (749/2012) to the effect that there will be no certificated securities.

  • Form of the Securities The Securities will be in dematerialised form and will only be evidenced by book entries in the system of the Central Securities Depository for regis- tration of securities and settlement of securities transactions in accord- ance with the Finnish Act on Book-Entry Accounts (827/1991) and the Finnish Act on the Book-Entry System and Clearing Operations (749/2012) to the effect that there will be no certificated securities.

  • Upon novation of an Original Transaction at the Novation Time in accordance with Title III (Clearing Operations) of the CDS Clearing Rule Book, each resulting Index Cleared Transaction or Initial Single Name Cleared Transaction is entered into by LCH SA and the relevant Clearing Member on the terms of the related Index Cleared Transaction Confirmation or Single Name Cleared Transaction Confirmation (as applicable).

  • By way of clarification to Chapter 3 (Compression) of Title III (Clearing Operations) of the CDS Clearing Rule Book, LCH SA shall effect compression of relevant Cleared Transactions if and to the extent requested by a Clearing Member.

  • Xxx Xxxxx Xxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Telephone: 000-000-0000 Fax: 000-000-0000 Xxxxxxx Xxxxx Vice President; Clearing Operations New York Mercantile Exchange, Inc.

  • Clearing System: Clearing System means Euroclear Finland Oy, Urho Kekkosen katu 5 C, FI-00100 Helsinki, Finland, in its capacity as central securities depository under the Finnish Act on the Book-Entry System and Clearing Operations (749/2012) (laki arvo-osuusjärjestelmästä ja selvitystoiminnasta) and the Finnish Act on Book-Entry Accounts (827/1991) (laki arvo-osuustileistä) or any successor in this capacity.

  • C.CA Rules: CA Rules means (i) the Finnish Act on the Book-Entry System and Clearing Operations (749/2012) (laki arvoosuusjärjestelmästä ja selvitystoiminnasta) and the Finnish Act on Book-Entry Accounts (827/1991) (laki arvo- osuustileistä) as well as (ii) any regulation and operating procedure applicable to and/or issued by the Clearing System.

  • Any Restructuring Cleared Transaction (or portion thereof) in respect of which a valid Credit Event Notice is not delivered during the relevant CEN Triggering Period shall become eligible for compression in accordance with Chapter 3 (Compression) of Title III (Clearing Operations) of the CDS Clearing Rule Book on the Transaction Business Day following the related Exercise Cut-off Date applicable to the relevant Buyer.

  • Upon novation of an Original Transaction at the Novation Time in accordance with Title III (Clearing Operations) of the CDS Clearing Rule Book, each resulting Index Cleared Transaction or Initial Single Name Cleared Transaction is entered into by LCH.Clearnet SA and the relevant Clearing Member on the terms of the related Index Cleared Transaction Confirmation or Single Name Cleared Transaction Confirmation (as applicable).

  • Form of the Securities The Securities will be in dematerialised form and will only be evidenced by book entries in the system of the Central Securities Depository for registration of securities and settlement of securities transactions in accordance with the Finnish Act on Book-Entry Accounts (827/ 1991) and the Finnish Act on the Book-Entry System and Clearing Operations (749/2012) to the effect that there will be no certificated securities.

Related to Clearing Operations

  • Clearing Costs means all of the Investor’s broker and Transfer Agent costs with respect to the deposit of the Purchase Notice Securities.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

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

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

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

  • 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 House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • 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.