NBB Securities Settlement System definition

NBB Securities Settlement System means the securities settlement system operated by the NBB or any successor thereto;
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NBB Securities Settlement System means, in relation to EFI Notes, the securities settlement system operated by the National Bank of Belgium, or its successor.
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NBB Securities Settlement System means, in relation to EFI Notes, the Belgian clearing system currently operated by the NBB.
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Examples of NBB Securities Settlement System in a sentence

  • The Eni Notes will be issued in bearer or registered form and will be represented on issue by a global note or global certificate.Access to the NBB Securities Settlement System, Euroclear and Clearstream Banking AG, Frankfurt is available through their respective participants whose membership extends to securities such as the Notes.

  • Any such notice shall be deemed to have been given on the latest day of (i) seven days after its delivery to the NBB Securities Settlement System and (ii) the date of first publication.

  • Transfers between the participants in the NBB Securities Settlement System and the rights attached to Bonds will be undertaken in compliance with the rules and operating procedures of the NBB Securities Settlement System.

  • The Issuer takes no responsibility for registrations or payments relative to Bonds in the NBB Securities Settlement System.

  • Holders of book-entry interests in the EFI Notes have a co-ownership right in the EFI Notes.Transfers of book-entry interests in the EFI Notes will be on the basis of book-entry transfers through the NBB Securities Settlement System, Euroclear and Clearstream, Luxembourg.

  • The Bonds are in principal amounts of EUR 100,000 each (the "Specified Denomination") and can only be settled through the NBB Securities Settlement System in nominal amounts equal to that denomination or integral multiples thereof.

  • Transactions will be settled in accordance with the operating procedures of the NBB Securities Settlement System, Euroclear and Clearstream, as the case may be.

  • The NBB Securities Settlement System is accessible through those of its participants whose membership extends to securities such as the EFI Notes.On or before the issue date of the Global Notes, the Belgian Paying Agent will, on behalf of the Issuer, deliver duly executed and authenticated (by way of signature) Global Notes in bearer form to the NBB.

  • Reliance on the procedures of the NBB Securities Settlement System, Euroclear and Clearstream, Luxembourg for transfer, payment and communication with the relevant Issuer.The EFI Notes will be represented by a Global Note in bearer form and will be deposited with and immobilised by the NBB.

  • On the date of completion of the offering, the Belgian Paying Agent will, on behalf of the NBB, credit an amount equal to their respective portion of the principal amount of the Global Notes to the securities accounts of eligible participants of the NBB Securities Settlement System, which include, amongst others, Euroclear’s and Clearstream’s securities account, both exempt accounts in the NBB Securities Settlement System.

Related to NBB Securities Settlement System

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • settlement system means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

  • ASTC Settlement Rules means the operating rules of ASTC and, to the extent that they are applicable, the operating rules of ASX and the operating rules of the Australian Clearing House Pty Limited;

  • U.S. Securities System means a securities depository or book-entry system authorized by the U.S. Department of the Treasury or a “clearing corporation” as defined in Section 8-102 of the UCC.

  • Trading and Settlement Code or “TSC” means the Single Electricity Market Trading and Settlement Code or any replacement thereof which sets out the rules for trading in electricity and settling energy imbalances and the responsibilities of parties to the code;

  • Foreign Securities System means an Eligible Securities Depository listed on Schedule B hereto.

  • Retail Settlement Code means the code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and customers and provides for tracking and facilitating customer transfers among competitive retailers;

  • Mandatory Securities Depository means a foreign securities depository or clearing agency that, either as a legal or practical matter, must be used if the Fund determines to place Foreign Assets in a country outside the United States (i) because required by law or regulation; (ii) because securities cannot be withdrawn from such foreign securities depository or clearing agency; or (iii) because maintaining or effecting trades in securities outside the foreign securities depository or clearing agency is not consistent with prevailing or developing custodial or market practices.

  • Personal Securities Transactions means any transaction in a Security pursuant to which an Access Person would have a Beneficial Ownership interest with the exception of obligations of the U.S. Government, bankers’ acceptances, bank certificates of deposit, money market fund shares, commercial paper, high quality short-term debt instruments and registered open-end investment companies, none of which are funds advised or sub-advised by the Firm.

  • Securities System means the Federal Reserve Book-Entry System, a clearing agency which acts as a Securities Depository, or another book entry system for the central handling of securities (including an Eligible Securities Depository).

  • Foreign Securities Depository means a foreign securities clearing system qualifying as an Eligible Securities Depository (as defined in Section (b)(1) of Rule 17f-7 under the 0000 Xxx) that is listed on Schedule B annexed hereto, as amended from time to time pursuant to Section 4.5 hereof.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • central securities depository or ‘CSD’ means a central securities depository as defined in point (1) of Article 2(1) of Regulation (EU) No 909/2014.

  • Personal Securities Transaction means any transaction in a Covered Security in which an Access Person has a direct or indirect Pecuniary Interest.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Securities Transaction means a purchase of or sale of Securities.

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries. The Customer represents that its Board of Directors has approved each of the Subcustodians listed in Schedule B to this Agreement and the terms of the subcustody agreements between the Bank and each Subcustodian, which are attached as Exhibits I through of Schedule B, and further represents that its Board has determined that the use of each Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Fund(s) and its (their) shareholders. The Bank will supply the Customer with any amendment to Schedule B for approval. As requested by the Bank, the Customer will supply the Bank with certified copies of its Board of Directors resolution(s) with respect to the foregoing prior to placing Assets with any Subcustodian so approved.