European Clearing Systems definition

European Clearing Systems means, collectively, Clearstream, Luxembourg and Euroclear.
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European Clearing Systems means Euroclear or Clearstream, Luxembourg.
Sample 1Sample 2Sample 3
European Clearing Systems means Euroclear or Clearstream.
Sample 1Sample 2Sample 3

Examples of European Clearing Systems in a sentence

  • It is intended that a global Preferred Security representing the Preferred Securities will be delivered by the Bank to a common depositary for the European Clearing Systems.

  • The Preferred Securities will be issued in bearer form.It is intended that a global Preferred Security representing the Preferred Securities will be delivered by the Bank to a common depositary for the European Clearing Systems.

  • You will hold beneficial interests in the Preferred Securities through DTC and its direct and indirect participants, including the European Clearing Systems, and DTC and its direct and indirect participants will record beneficial interests on their books.

  • None of the Issuer, the Guarantor, the Managers, the Paying Agents or the European Clearing Systems assume any responsibility therefor.

  • The Company has granted to the Centralizing Agents the authority to liaise with the European Clearing Systems and DTC, as the case may be, regarding the Offering.

  • In respect of the Class A Notes, the Registered Holder will execute the Written Resolution in the relevant form attached to this Notice if it is instructed to do so by direct participants in the European Clearing Systems (“Accountholders”) holding interests representing (together with holders of such Class represented by a Rule 144A Global Certificate who have approved the Written Resolution) more than 50 percent in Principal Amount Outstanding of such Class then Outstanding.

  • Each person (a “Beneficial Owner”), other than Cede & Co, who is the owner of a particular Principal Amount Outstanding of the Notes then Outstanding as shown in the records of DTC (but who is not an Accountholder in the European Clearing Systems) should note that such Beneficial Owner will not be a holder for the purposes of this Written Resolution and will only be entitled to give instructions in relation to the Written Resolution in accordance with the procedures summarised below.

  • We believe this is a view that does not take account of the potential disruption to suppliers’ and Ofgem’s change programmes.

  • In particular (and unlike the European Clearing Systems), the HKMA does not as part of this service provide any facilities for the dissemination to the relevant CMU Members of payments (of interest or principal) under, or notices pursuant to the notice provisions of, the CMU Notes.

  • In respect of each of (a) the Class A1 Notes and (b) the Class G Subordinated Notes, the Registered Holder will execute the Written Resolution in the relevant form attached to this Notice if it is instructed to do so by direct participants in the European Clearing Systems (“Accountholders”) holding interests representing (together with holders of such Class represented by a Rule 144A Global Certificate who have approved the Written Resolution) at least 66 2/3 per cent.

Related to European Clearing Systems

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

  • Clearing Systems means, in relation to a Series of Securities, any of Euroclear, Clearstream, Luxembourg and DTC, as the case may be, and includes any additional or alternative clearing systems specified in the Issue Terms.

  • 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 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.

  • 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.

  • Major European Countries means France, Germany, Italy, Spain and the United Kingdom.

  • Clearing Rules means, as the case may be, (a) the general rules, operational procedures and other applicable rules, procedures and regulations of HK-DCASS from time to time in force; and/or (b) the rules, procedures and regulations of the relevant Foreign Clearing System, from time to time in force;

  • Major European Country means any of France, Germany, Italy, Spain or the United Kingdom.

  • Website of the European Central Bank means the website of the European Central Bank currently at http://www.ecb.europa.eu or any successor website officially designated by the European Central Bank.

  • Depositary means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture.

  • relevant system means a relevant system for the holding and transfer of shares in uncertificated form;

  • European Community means the territory comprised by the Member States of the European Community as constituted from time to time;

  • Approved Clearing Agency means any other domestic clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 which acts as a securities depository but only if the Custodian has received a certified copy of a resolution of the Board approving such clearing agency as a securities depository for the Trust.

  • Austraclear System means the system operated by Austraclear for holding securities and the electronic recording and settling of transactions in those securities between members of that system.

  • Global warming potential means how much a given mass of a chemical contributes to global warming over a given time period compared to the same mass of carbon dioxide. Carbon dioxide's global warming potential is defined as 1.0.

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;

  • High global warming potential hydrofluorocarbons means any hydrofluorocarbons in a particular end use for which EPA’s Significant New Alternatives Policy (SNAP) program has identified other acceptable alternatives that have lower global warming potential. The SNAP list of alternatives is found at 40 CFR Part 82 subpart G with supplemental tables of alternatives available at (http://www.epa.gov/snap/).

  • Trading System means the Company’s electronic trade execution system that is used for the trading of Swaps, including the associated hardware, software, systems and communications links.

  • Depositary Procedures means, with respect to any conversion, transfer, exchange or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction.

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

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

  • NIST Cybersecurity Framework means the U.S. Department of Commerce National Institute for Standards and Technology Framework for Improving Critical Infrastructure Cybersecurity (Version 1.1).

  • CAISO means the California Independent System Operator Corporation or any successor entity performing similar functions.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.