Exchange Settlement Account definition

Exchange Settlement Account means, as applicable:
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Exchange Settlement Account means an account held at the Reserve Bank of Australia which is used for the final settlement of obligations between Exchange Settlement Account holders.
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Exchange Settlement Account means an exchange settlement account held with the RBA.
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Examples of Exchange Settlement Account in a sentence

  • ESA (for Exchange Settlement Account) in relation to a Member means the deposit account with the RBA in the name of that Member established before the Rewrite Adoption Date or opened under clause 18.1. The ESA in relation to the RBA will be the account operated under clause 18.6. The balance of the ESA is equal to the balance of the RITS Allocation plus the balance of the FSS Allocation.

  • Settlement in Australia is achieved through transfers of Exchange Settlement Account balances held with the RBA.

  • Settlement between financial institutions in Australia is achieved through transfers of their Exchange Settlement Account (ESA) balances held with the Reserve Bank of Australia (RBA).

  • The multilateral net settlement of transactions and the related payments between the Members are made through the Exchange Settlement Account, which shall not be used for any other purposes.

  • The well which exceeded the 15-year timeframe was located downgradient of the recently installed permeable reactive barrier and it may take some time for the effect of the barrier to be observed at this location.

  • Settlement accounts are administered through the Exchange Settlement Account System (ESAS).

  • It also 1 An example of an FMI processing significant transaction flows is the Exchange Settlement Account System (ESAS), operated by the Reserve Bank, is a real time large value inter-bank payment system.

  • Further, penal godown rent (double the normal godown rent) will be charged after the expiry of the permitted period of one month from the date of free period till the party finally lifts the stocks.• Direct Transfer/RTGS to Exchange Settlement Account having following details A/c Name – NCDEX e Market LimitedA/C Name – NCDEX e Market Ltd, Bank – HDFC Bank; Bank A/c no.- 00990690013043; Branch –Fort Branch, Mumbai; IFSC Code – HDFC0000060.

  • Where money settlements take place in Australian dollars, a central counterparty should only utilise an authorised deposit-taking institution (ADI) that holds an Exchange Settlement Account at the Reserve Bank and has been approved to act as an agent for RTGS payments by the Australian Prudential Regulation Authority.

  • Members can participate in BECS in two capacities according to whether they directly clear and settle using an Exchange Settlement Account (Tier 1 members) or appoint a representative to clear and settle on their behalf (i.e. indirectly clear and settle) (Tier 2 members).


More Definitions of Exchange Settlement Account

Exchange Settlement Account means an account so entitled opened and maintained by ASL with the Reserve Bank of Australia.
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Related to Exchange Settlement Account

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Failed Remarketing Condition—Unpurchased VRDP Shares means that a Beneficial Owner (other than the Liquidity Provider or its affiliates) continues to hold VRDP Shares, that were subject to a Tender in accordance with this Agreement, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) ("Unpurchased VRDP Shares"), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully remarketed pursuant to a Remarketing, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully remarketed pursuant to a Remarketing or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

  • Ontario Settlement Class means the settlement class in respect of the Ontario Action as defined in Schedule A.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.