Financial Settlement means the exchange of value between Financial Institutions facilitated by an ELNO System in accordance with the Financial Settlement Schedule.
Financial Settlement means the exchange of funds between the ESA(s) of the relevant Financial Institutions or their Financial Settlement Agent(s) facilitated by the XXXX System as part of settlement of a Conveyancing Transaction.
Examples of Financial Settlement in a sentence
This will be the point at which a Financial Settlement is to be treated as having been contractually completed and relevant funds will be taken to have been received by the intended final payee(s) nominated in the Final Settlement Schedule.
If the parties agree to Financial Settlement without Electronic Lodgement, settlement is deemed to occur at the time of Financial Settlement.
It was explained that the indicative reduction of 1.5% is being reviewed by WG following the Chancellor’s Autumn Budget Statement and the Final 2018/19 Local Government Financial Settlement, due to be issued on the 20th December 2017, may include a revised indicative figure for 2019/20.
Members noted the headline issues in the WG Provisional 2018/19 Local Government Financial Settlement and the details of the draft budget proposals for 2018/19.
Members were reminded of the Medium-Term Financial Plan presented to Council in February 2017, which showed a potential savings requirement of £22.161m for the three-year period 2019/20 to 2021/22, and assumed a cash flat position in terms of the WG Financial Settlement for each of these years.
More Definitions of Financial Settlement
Financial Settlement is specified as applying in Section A of Part I (Individual Terms):
(i) where the quantity of electricity actually generated exceeds the Contract Quantity, in the course of the calendar month following a Delivery Period, but not before the Price Differential Calculation Date, an invoice setting out the product of the Price Differential and the quantity of electricity actually generated during such Delivery Period, and, to the extent that Certificates have been Delivered, the product of the Certificate Contract Price and the quantity of electricity actually delivered to the Buyer; or
(ii) where the quantity of electricity actually generated is lower than the Contract Quantity and where the cause of such shortfall:
(I) is an event of Force Majeure or Change in Law, an invoice setting out the product of the Price Differential and the reduced quantity of electricity actually generated during such Delivery Period, and, to the extent that Certificates have been Delivered, the product of the Certificate Contract Price and the reduced quantity of electricity actually generated; or
(II) includes but is not limited to non-compliance of the Seller with § 4 (Construction and Commissioning of Facility), § 5 (Forecasting and Outages) § 6 (Metering) and § 7 (Obligations Concerning the Facility), an invoice setting out the product of the Price Differential and the Deemed Delivery Volume, and, to the extent that Certificates have been Delivered, the product of the Certificate Contract Price and the Deemed Delivery Volume. In connection with such invoices the Seller may state all amounts then owed between the Parties including, without limitation, all amounts owed for the purchase and sale of electricity (if any) or Certificates, fees, charges, reimbursements, damages, interest, and other payments or credits owed between the Parties.
Financial Settlement is specified as applying in Section A of Part I (Individual Terms): (i) where the quantity of electricity actually generated exceeds the Contract Quantity, in the course of the calendar month following a Delivery Period, but not before the Price Differential Calculation Date, an invoice setting out the product of the Price Differential and the quantity of electricity actually generated during such Delivery Period, and, to the extent that Certificates have been Delivered, the product of the Certificate Contract Price and the quantity of electricity actually delivered to the Buyer; or (b) si en la Sección A de la Parte I (Disposiciones Particulares) se especifica "Liquidación por Diferencias": (i) cuando la cantidad de electricidad efectivamente generada sea superior a la Cantidad, durante el mes natural siguiente a un Período de Entrega, pero no antes de la Fecha de Cálculo del Diferencial de Precios, una factura en la que se indique el producto del Diferencial de Precio y la cantidad de electricidad efectivamente generada durante dicho Período de Entrega y, en la medida en que se hayan Entregado los Certificados, el producto del Precio de Certificado y la cantidad de electricidad efectivamente entregada al Comprador; o
Financial Settlement has the meaning set forth in Section 5.7(h).
Financial Settlement is specified as applying in Section A of Part I (Individual Terms):
(i) where the quantity of electricity actually generated exceeds the Contract Quantity, in the course of the calendar month following a Delivery Period, but not before the Price Differential Calculation Date, an invoice setting out the product of the Price Differential and the quantity of electricity actually generated during such Delivery Period, and, to the extent that Certificates have been Delivered, the product of the Certificate Contract Price and the quantity of electricity actually delivered to the Buyer; or
(ii) where the quantity of electricity actually generated is lower than the Contract Quantity and where the cause of such shortfall:
Financial Settlement means the act of creating the invoicing documents per bidding zone and/or TSO on redispatching and countertrading costs and revenues. Financial Settlement ends with the completion of invoicing;
Financial Settlement means the exchange of value between Financial Institutions facilitated by
Financial Settlement means the exchange of value between Financial Institutions facilitated by the PEXA System in accordance with the Financial Settlement Schedule.