IRC securities definition

IRC securities means the interest rate and currency securities listed on the JSE and traded on the trading system;
IRC securities means the bonds, interest rate derivatives and currency derivatives that are JSE listed securities [listed on the JSE] and traded on the JSE trading system; "JSE authorised investments" means –(a) IRC securities;(b) JSE listed securities traded on the JSE equities market [trading system] or [the JSE] derivatives market [trading system];(c) securities listed on an exchange in the Republic other than the JSE;(d) securities listed on an external exchange;(e) participatory interests in a collective investment scheme as defined in the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002), and units or any other form of participation in a foreign collective investment scheme approved by the Registrar of Collective Investment Schemes in terms of section 65 of that Act;(f) units or any other form of participation in a collective investment scheme licensed or registered in a foreign country; and(g) funds intended for the purchase of such securities, units or participation; "JSE [commodities] trading system" means the computer system or systems and associated network or networks operated or used by the JSE for the purpose of providing a market or markets for the trading of [commodity] JSE listed securities; ["JSE derivatives trading system"] [means the computer system or systems and associated network or networks operated or used by the JSE for the purpose of providing a market for the trading of derivative securities;] [“JSE equities trading system”] [means the computer system or systems and associated network or networks operated or used by the JSE for the purpose of providing a market for the trading of equity securities;] "JSE listed securities” means those securities included in the list of securities kept by the JSE; ["JSE systems"] [means any system, device or network which is operated by or on behalf of the JSE for the purpose of providing a market;] [“trading system”] [means the computer system or systems and associated network or networks operated or used by the JSE for the purpose of providing a market for the trading of IRC securities;] "match” means the matching of a buy order with a sell order on the central order book or the matching of [reported] off book transactions executed by trading members; “off book” or “off book trade” means a transaction in IRC securities negotiated off the central order book and reported by a member to the JSE trading system; “on book” or “on book trade” means a transaction in IRC securities executed by a mem...
IRC securities means the bonds, interest rate derivatives and currency derivatives that are JSE listed securities and traded on the JSE trading system; "JSE" means JSE Limited, a company duly registered and incorporated with limited liability under the company laws of the Republic, licensed to operate an exchange under the Act; "JSE authorised investments" means –(a) IRC securities;(b) JSE listed securities traded on the JSE equities market or derivatives market;(c) securities listed on an exchange in the Republic other than the JSE;(d) securities listed on an external exchange;(e) participatory interests in a collective investment scheme as defined in the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002), and units or any other form of participation in a foreign collective investment scheme approved by the Registrar of Collective Investment Schemes in terms of section 65 of that Act;(f) units or any other form of participation in a collective investment scheme licensed or registered in a foreign country; and(g) funds intended for the purchase of such securities, units or participation; “JSE Clear” means JSE Clear Limited, a company duly registered and incorporated with limited liability under the company laws of the Republic, licensed to operate as an independent clearing house and central counterparty under the Act; "JSE Executive" means the Executive Officer and such other officials of the JSE as the Executive Officer may decide shall serve on the JSE’s top management; "JSE listed securities" means those securities included in the list of securities kept by the JSE;

Examples of IRC securities in a sentence

  • The trading member hereby undertakes to ensure that every client agreement entered into by it shall conform with the terms and conditions as prescribed by the JSE and warrants that all clients registered with the JSE for whom DB 2.1 amended with effect from 9 May 2011DB 3.1.1 amended with effect from 9 May 2011 the trading member will undertake transactions in IRC securities that are to be cleared through the clearing house shall have signed such a client agreement.

  • A The member is a member of JSE Limited ("JSE") and authorised to buy and sell IRC securities on behalf of other persons or on his own account; B The member and the investment manager wish to enter into an agreement with each other through the agency of the investment manager setting out the terms on which the member will trade with or on behalf of the client.

  • If IRC does not exercise its right of first offer, in respect of such securities within 10 business days of receiving notice from BHPB of intention to sell such securities, BHPB shall be free thereafter to dispose of the IRC securities in any manner it deems appropriate, without further notice to IRC.

  • Section 8 shall apply to [all Yield-X securities, unless the context clearly indicates otherwise-] transactions in IRC securities that qualify to be cleared in terms of this section.

  • The trading member hereby undertakes to ensure that every client agreement entered into by it shall conform with the terms and conditions as prescribed by the JSE and warrants that all clients registered with the JSE for whom the trading member will undertake transactions in IRC securities that are to be cleared through the clearing house shall have signed such a client agreement.

  • The record of IRC securities which may be bought or sold on the IRC markets shall be kept by the JSE in the list of the securities in terms of section [12(6)(a)]11(8)(a) of the Act.

Related to IRC securities

  • Public Securities means, collectively, the Closing Securities and, if any, the Option Securities.

  • Domestic securities means securities held within the United States.

  • U.S. Securities means Securities issued by an issuer that is organized under the laws of the United States or any State thereof or that are otherwise traded in the United States, and shall include American Depositary Receipts.

  • BofA Securities means BofA Securities, Inc.

  • Underwriters' Securities means the Offered Securities other than Contract Securities.

  • Approved Securities means securities of any State Government or of the Central Government and such bonds, both the principal whereof and the interest whereon shall have been fully and unconditionally guaranteed by any such Government;

  • Designated Securities means securities issued by an Insured, or by any Affiliated Entity, or by any Fund to which such Insured or any Affiliated Entity provides any services.

  • Offeror’s Securities means Voting Shares Beneficially Owned by an Offeror on the date of the Offer to Acquire;

  • Securities as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer's Family of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • NIM Securities As defined in the tenth Recital to this Agreement.

  • Series B Securities means the 11-1/2% Senior Notes due 2007, Series B, of the Company to be issued pursuant to this Indenture in exchange for the Series A Securities pursuant to the Registered Exchange Offer and the Registration Rights Agreement.

  • Exempted Securities means:

  • CHESS Approved Securities means securities of the Company for which CHESS approval has been given in accordance with the ASX Settlement Operating Rules;

  • relevant securities means Ordinary Shares and securities carrying conversion or subscription rights into Ordinary Shares;

  • Offered Securities shall have the meaning specified in Section 5.03(b)(ii)(B).

  • Listed Securities means any Shares, Share Options, stock, debentures, debenture stock or other securities for the time being issued by the Company and officially quoted by ASX;

  • Lock-Up Securities has the meaning set out in Section 5(l).

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Series A Securities means the Company's Series A 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028 as authenticated and issued under this Indenture.

  • Placement Shares shall have the meaning given in the Recitals hereto.

  • Refused Securities has the meaning ascribed to such term in Section 4.1(c)

  • Purchaser Securities means the Purchaser Units, the Purchaser Common Stock, the Purchaser Preferred Stock and the Purchaser Warrants, collectively.

  • Covered Securities means any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a "security", or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the foregoing.

  • Related Securities means any options or warrants or other rights to acquire Shares or any securities exchangeable or exercisable for or convertible into Shares, or to acquire other securities or rights ultimately exchangeable or exercisable for or convertible into Shares.

  • Underwritten Securities shall include the Initial Underwritten Securities and all or any portion of the Option Securities agreed to be purchased by the Underwriters as provided herein, if any. The Terms Agreement, which shall be substantially in the form of Exhibit A hereto, may take the form of an exchange of any standard form of written telecommunication between you and the Company. Each offering of Underwritten Securities through you or through an underwriting syndicate managed by you will be governed by this Agreement, as supplemented by the applicable Terms Agreement.