Direct Participants definition

Direct Participants means each person shown in the records of the Clearing Systems as a holder of the Securities;
Direct Participants means securities brokers and dealers, banks, trust companies and clearing corporations, and may include certain other organizations which access the DTC system directly.
Direct Participants means the participants that deposit securities with DTC;

Examples of Direct Participants in a sentence

  • STATE will remit the revenue billed by CARRIER to the RBOC in whose territory the messages originated, less a per message billingand collectionfee of five cents ($0.05), or such other amount as may be approved by the Direct Participants and Telcordia, on behalf of CARRIER.


More Definitions of Direct Participants

Direct Participants shall have the meaning assigned to such term in Section 3.5(c).
Direct Participants means those broker-dealers, banks and other financial institutions from time to time for which DTC holds the Bonds as securities depository.
Direct Participants means those broker dealers, banks and other financial institutions for which DTC holds the 2007 Bonds as securities depository.
Direct Participants means Noteholders who, as accountholders, hold their interests in Global Notes directly through Euroclear or Clearstream.
Direct Participants means institutions that have accounts with DTC, Euroclear and/or Clearstream.
Direct Participants means those broker‑dealers, banks and other financial institutions from time to time for which DTC holds the Bonds as securities depository.
Direct Participants means each person who is shown in the records of a