Legal Title Transfer Depository Participant definition

Legal Title Transfer Depository Participant means a person that CDO has allowed to be a Legal Title Transfer Depository Participant in accordance with the Depository Rules;
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Legal Title Transfer Depository Participant means a “Legal Title
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Examples of Legal Title Transfer Depository Participant in a sentence

  • Broadly, these are transfers for the purposes of the transfer of legal title between a Legal Title Transfer Depository Participant and its client, and between a Legal Title Transfer Depository Participant and the nominee (for the purposes of lodging and uplifting securities in the Depository).

  • Rule 8.2 provides that a Depository Participant may apply to CDO to be a Legal Title Transfer Depository Participant and access the legal title transfer system if it satisfies certain criteria set out in Rule 8.2. Rule 8.3 sets out the range of electronic transfers of legal title to securities that may be effected by either a Legal Title Transfer Depository Participant or CDO in accordance with the Rules.

  • These include rules in relation to the maintenance of a transfer account and an owned account on the securities register of each Issuer in respect of which the Legal Title Transfer Depository Participant or CDO gives effect to legal title transfer of securities under the Rules.

Related to Legal Title Transfer Depository Participant

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • Book Entry Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • Clearing Participant has the meaning given to such term in the rules of CCASS.

  • Transfer Date means, in relation to a transfer, the later of:

  • Risk Transfer Date means the date when the risk of loss or damage to the Works passes from the Contractor to the Employer in accordance with sub Clauses 38.2 and 39.1.

  • Agent Member means any member of, or participant in, the Depositary.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.