Financial Market Utility definition

Financial Market Utility means any multilateral system for transferring, clearing, and settling payments, securities, and other financial transactions among or between financial institutions, including payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories.
Sample 1Sample 2Sample 3
Financial Market Utility means any multilateral system for transferring, clearing, and settling payments, securities, and other financial transactions among or between financial institutions, including payment systems, central securities depositories, securities settlement systems, central counterparties, and trade repositories.
Sample 1Sample 2Sample 3

Examples of Financial Market Utility in a sentence

  • Subtitle D—Eliminating Financial Market Utility Designations Sec.

  • Subtitle E—Eliminating Financial Market Utility Designations Sec.

  • DTC is designated as a Systemically Important Financial Market Utility (SIFMU) by the U.S. Financial Stability Oversight Council pursuant to Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which subjects the Company to enhanced standards for risk management, operation and governance, as established by the SEC's Standards for Covered Clearing Agencies (CCAS).

  • NSCC is designated as a Systemically Important Financial Market Utility (SIFMU) by the U.S. Financial Stability Oversight Council pursuant to Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which subjects the Company to enhanced standards for risk management, operation and governance, as established by the SEC's Standards for Covered Clearing Agencies (CCAS).

  • FICC is designated as a Systemically Important Financial Market Utility (SIFMU) by the U.S. Financial Stability Oversight Council pursuant to Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which subjects the Company to enhanced standards for risk management, operation and governance, as established by the SEC's Standards for Covered Clearing Agencies (CCAS).

  • U.S. Department of the Treasury, Designations, Financial Market Utility Designations, available at https://home.treasury.gov/policy- issues/financial-markets-financial-institutions-and- fiscal-service/fsoc/designations.

  • Northern Trust has determined that it would be able to meet its minimum operating liquidity needs required to maintain critical vendor, Financial Market Utility, and subcustodian relationships during the Runway Period, and has identified the funding and liquidity needs required to maintain these relationships in TNTC Bridge Bank.

  • U.S. Department of the Treasury, Designations, Financial Market Utility Designations, available at https://home.treasury.gov/policy-issues/financial-markets- financial-institutions-and-fiscal-service/fsoc/designations.

  • As required by the 165(d) Rule, as well as the written guidance and additional feedback from the Agencies, Northern Trust makes certain key assumptions, including the following:• Each Financial Market Utility (FMU), subcustodian, correspondent bank, and counterparty would act in its own self-interest and independently.

  • Furthermore, the Council may consider additional subcategories or find certain subcategories inapplicable to specific cases.§ 1320.11 Stage Two Consultation with Financial Market Utility.

Related to Financial Market Utility

  • Bloomberg means Bloomberg Financial Markets.

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • Abnormal Market Conditions means conditions contrary to Normal Markets Conditions e.g. when there is low liquidity in the market or rapid price movements in the market or Price Gaps.

  • Spot Market Backup means the purchase of energy from, or the delivery of energy to, the PJM Interchange Energy Market in quantities sufficient to complete the delivery or receipt obligations of a bilateral contract that has been curtailed or interrupted for any reason.

  • Initial Market Value means, in relation to a Ship, the Market Value of that Ship calculated in accordance with the valuations relative thereto referred to in paragraph 5 of Schedule 4, Part B;

  • NASDAQ means The Nasdaq Stock Market.