Examples of Clearing System in a sentence
Number of ETP Securities held by the ETP Securityholder to which this ETP Securityholder Notice and Direction relates: [●] Account with Relevant Clearing System: [●] I/we hereby irrevocably direct you to deliver as soon as reasonably practicable a Publication Event Redemption Notice pursuant to Condition 8(D) of the ETP Securities.
In delivering any Global Security in accordance with Clause 3.4.1, the Issuing and Paying Agent shall give instructions to the Relevant Clearing System to hold the ETP Securities represented by it to the order of the Issuing and Paying Agent pending transfer to the securities account(s) referred to in Clause 3.4.1. Upon payment for any such ETP Securities being made to the Issuing and Paying Agent, it shall transfer such payment to the account of the Issuer notified to it by the Issuer.
Bank details may be retained for the purposes of refunds and claims payments that may be made by BACS (Bankers Automated Clearing System).