Direct Participant or "DTC Participant": Any broker-dealer, bank or other financial institution for which the Depository holds Class A Certificates from time to time as a securities depository.
Direct Participant. Any broker-dealer, bank or other financial institution for which the Depository holds Class A Certificates from time to time as a securities depositary.
Direct Participant. Any broker-dealer, bank or other financial institution for which the Clearing Agency holds Notes from time to time as a securities depositary.
Examples of Direct Participant in a sentence
If the Holder is executing the tender through ATOP, the Direct Participant need not complete and physically deliver the Notice of Guaranteed Delivery, but each Holder will be bound by the terms of the Any and All Tender Offer.
More Definitions of Direct Participant
Direct Participant. Any broker-dealer, bank or other financial institution for which the Depository holds Offered Certificates from time to time as a securities depository.
Direct Participant means a participant in the book-entry system of recording ownership interests in the Multi-Modal Bonds.
Direct Participant means any broker-dealer, bank or other financial institution for whom the nominee of DTC holds an interest in any Note.
Direct Participant means a Participant as defined in the Letter of Representations.
Direct Participant means any broker-dealer, bank or other financial institution for whom the nominee of the Depository holds an interest in any Note.
Direct Participant means a bank, trust company, or other entity that maintains an account in its name in a clearing corporation and through which an insurance company participates in a clearing corporation.
Direct Participant means each person who is shown in the records of a Clearing System as a Noteholder;