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
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.
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.