Clearing Service definition

Clearing Service means a third party service provider engaged by us to process and transfer the applicable payments or data being the Employee Payments Clearing Service, the STP Data Clearing Service or the Superannuation Contributions Clearing Service, as applicable to the particular Product.
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Clearing Service means any clearing service, including an Agreed CCP Service; "Client Money" means all cash held by the Firm pursuant to the Client Money Rules;
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Clearing Service means each of:
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Examples of Clearing Service in a sentence

  • Subject to the exercise of the Firm's powers under clause 27.2 (Additional powers on termination of the Agreement), clause 27.3 (Additional powers on termination of a Clearing Service) and clause 27.4 (Active management), the outstanding rights and Transactions will continue to be governed by its provisions and the supplementary terms particular to those Transactions until all obligations have been fully performed.

  • If the Agreement is terminated in accordance with clause 26.1 (Termination of a Clearing Service and/or this Agreement), outstanding rights and obligations (including those relating to netting and indemnities, those relating to margin and those created by the miscellaneous and governing law clauses) and Transactions will survive the termination of this Agreement.

  • If the Firm exercises any of its powers under clause 27.2 (Additional powers on termination of the Agreement) or clause 27.3 (Additional powers on termination of a Clearing Service) to terminate or close out any Transactions, the Firm shall be entitled to determine the resultant amount (if any) owed by the Firm or the Client in relation to those Transactions.

  • In order to satisfy any margin requirement in respect of a Clearing Service which must be satisfied with assets owned by the Firm absolutely, the Firm may transfer by way of absolute transfer to its proprietary account (or any other account selected by the Firm from time to time) and free from any security interest under this Agreement and from any other interest of the Client the requisite amount of any cash held under the Client Money Rules.

  • If the Agreement provides that, for any Clearing Service, non- cash margin is to be held subject to the Security Interest Provisions, then the Security Interest Provisions shall apply to any of the Client's Custody Assets which also constitute margin that has been provided pursuant to the Security Interest Provisions.

  • The Client agrees to transfer to the Firm on demand (and no later than any deadline specified by the Firm) such amounts by way of margin as are required from time to time under the Rules applicable to any Clearing Service (or any relevant Infrastructure) or as the Firm may require.

  • The Firm may make a separate margin call in relation to each Clearing Service, and the Firm may make aggregated margin calls in relation to two or more Clearing Services.

  • We will notify you as to whether or not your submission of the STP Data to the ATO via the STP Clearing Service has been successful.

  • You have the right to withdraw the ECS /Auto Debit mandate by giving Us at least 15 days’ notice before the due date of next premium due under the Policy The term ECS / Auto Debit herein shall be governed by the Electronic Clearing Service (Debit) Procedural Guidelines issued by the Reserve Bank of India (as may be amended from time to time) and shall mean an electronic facility for effecting periodic insurance premium payment transactions in an automated manner.

  • If the Client delivers more than one type of Title Transfer Collateral to the Firm in respect of a Clearing Service and the Firm is obliged to return part of the Title Transfer Collateral to the Client, the Firm will be entitled to choose which Equivalent Margin it uses to satisfy the relevant return obligation.


More Definitions of Clearing Service

Clearing Service means the clearing service established under the Securities (Central Depository, Clearing and Settlement) Act 1996;
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Clearing Service. , in relation to an FHC, means one or more of the following:
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Clearing Service means a third-party service provider engaged by us to process and transfer the superannuation contributions of the employees to their nominated superannuation accounts.
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Clearing Service means any of the clearing services made available by LCH. “Collateral” means cash and Financial Instruments.
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Clearing Service means the clearing of Domestic Mail and International Mail from the Postal Box once on a designated Business Day during the Term.
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Related to Clearing Service

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • 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.

  • Clearing Systems means Euroclear and Clearstream, Luxembourg;

  • 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 Account means the account so designated and established by Section 5.04(1) hereof.

  • 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 Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • 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.

  • 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”);

  • account information service means an online service to provide consolidated information on one or more payment accounts held by the payment service user with either another payment service provider or with more than one payment service provider;

  • Global Receipt Depository means, with respect to any Receipt issued hereunder, DTC or such other entity designated as Global Receipt Depository by the Corporation in or pursuant to this Deposit Agreement, which entity must be, to the extent required by any applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended.

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • 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 Costs means all of the Investor’s broker and Transfer Agent fees. “Clearing Date” shall be the date on which the Investor receives the Put Shares as DWAC Shares in its brokerage account.

  • Capacity Resource Clearing Price means the price calculated for a Capacity Resource that offered and cleared in a Base Residual Auction or Incremental Auction, in accordance with Tariff, Attachment DD, section 5.

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

  • 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.