Examples of Euroclear Participants in a sentence
Euroclear Participants include banks (including central banks), securities brokers and dealers and other professional financial intermediaries.
Distributions with respect to interests in Securities held through Euroclear will be credited to the Euroclear cash accounts of Euroclear Participants to the extent received by Euroclear's depositary, in accordance with the Euroclear terms and conditions.
The Euroclear System was created in 1968 to hold securities for participants in Euroclear ("Euroclear Participants") and to effect transactions between Euroclear Participants through simultaneous book entry delivery against payment, thereby eliminating the need for physical movement of certificates and any risk from lack of simultaneous transfer of securities and cash.
Nederlands Centraal Instituut Voor Giraal Effectenverkeer B.V. (trading as Euroclear) (the Euroclear Nominee), as a Registered Shareholder, will submit a form of election in form and substance acceptable to the Company on behalf of all valid elections received by Euroclear Participants.
The New Shares will be delivered to Euroclear Participants through their account holding bank or broker.
Official travel is permitted for excepted employees during a lapse in appropriations on a case-by-case basis, (i) if such travel is necessary to carry out an excepted function; or, (ii) if funding for such travel is available in spite of the lapse (e.g., funding is available from a source that has not lapsed); or, (iii) if the travel falls within one of the other excepted categories.
Distributions with respect to interests in Bearer Global Securities held through Euroclear will be credited to the Euroclear cash accounts of Euroclear Participants to the extent received by Euroclear's depositary, in accordance with the Euroclear terms and conditions.
Euroclear Bank will remit such Tender Offer consideration to the Admitted Institutions through which tenders are made who will be responsible for passing on the proceeds to Eligible Euroclear Participants, in accordance with the terms and conditions of Euroclear Bank as set out in the document entitled “Euroclear Bank as issuer CSD for Irish corporate securities – Services description” October 2020.
Eligible Shareholders, Eligible Euroclear Participants and/or Eligible CDI Holders who are proposing to convert any such shares are recommended to ensure that the conversion procedures are implemented in sufficient time to enable them to take all necessary steps in connection with any participation in the Tender Offer (in particular, as regards delivery of share certificates and/or other documents of title as described above).
This notwithstanding that the Euroclear Nominee, as a Registered Shareholder, may make an election in respect of all or part of the Shares registered in its name to reflect the Instructions given by Euroclear Participants.