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 Belgian clearing system currently operated by the NBB.
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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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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.

  • Holders of a book-entry interest in the EFI Notes can obtain a certificate from the NBB Securities Settlement System evidencing their book-entry interest.

  • Payments in relation to such an EFI Note shall be made in accordance with the NBB Securities Settlement System Regulations and the provisions of the Clearing Services Agreement.

  • For as long as the Global Note is held by and settled through the NBB Securities Settlement System, the Global Note will be immobilised and holders of book-entry interests in the EFI Notes shall have a co-ownership right in the EFI Notes.

  • For as long as the Global Note is held by the NBB and settled through the Securities Settlement System, payments in relation to the EFI Notes shall be made in accordance with NBB Securities Settlement System Regulations and the provisions of the Clearing Services Agreement.

  • Payments of principal, interest and other sums due under the Bonds will be made in accordance with the NBB Securities Settlement System Regulations through the NBB, and any payment so made will constitute good discharge for the Issuer.

  • Any Belgian Paying Agent for the EFI Notes must be a participant to the NBB Securities Settlement System.

  • 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.

  • 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 Bonds will be exclusively represented by book entry into the NBB Securities Settlement System.Access to the NBB Securities Settlement System is available via participants 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 means the Trading and Settlement Codedeveloped pursuant to Section 9(1)(d) of the Act as from time to time, revised, amended, supplemented or replaced with the approval or at the instance of the Commission;

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

  • Retail Settlement Code or “Code” means this 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 consumers and provides for tracking and facilitating consumer transfers among competitive retailers.

  • Ontario Settlement Class means the settlement class in respect of the Ontario Action as defined in Schedule A.

  • 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 shall have the meaning set forth in Paragraph 3(c) of this Agreement.

  • 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 Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • 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 (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

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

  • BofA Securities means BofA Securities, Inc.