NSCC definition

NSCC means the National Securities Clearing Corporation.

NSCC has the meaning ascribed thereto in Section 2.1(F)(6) hereof.

NSCC means the National Securities Clearing Corporation. “NYSE” means the New York Stock Exchange, Inc.

Examples of NSCC in a sentence

• The Transfer Agent shall: (a) accept and effectuate the registration and maintenance of accounts, and the purchase and redemption of Creation Units in such accounts, in accordance with instructions transmitted to and received by the Transfer Agent by transmission from DTC or NSCC on behalf of Authorized Participants; and (b) issue instructions to a Portfolio’s banks for the settlement of transactions between the Portfolio and DTC or NSCC (acting on behalf of the applicable Authorized Participant).

• The Participant agrees to be bound by the terms of such instructions issued by the Distributor or Transfer Agent on behalf of the Trust and reported to the NSCC as though such instructions were issued by the Participant directly to the NSCC.

• Solely with respect to Orders through the CNS Clearing Process, the Participant, as a Participating Party, hereby authorizes the Trust or its designee to transmit to NSCC on behalf of the Participant such instructions, including with respect to Deposit Instruments, Shares, Cash Component and Cash Balancing Amounts, as necessary, with respect to the purchase and redemption of Creation Units, consistent with the instructions issued by the Participant to the Distributor or Transfer Agent.

• The Participant clears through NSCC numbers [ ] (CNS) and [ ] (DTC).

• The Client acknowledges that the Custodian maintains only one account on the books of the NSCC for the benefit of all exchange traded funds for which the Custodian serves as custodian, including the Client (collectively, the “ETF Custody Clients”).

More Definitions of NSCC

NSCC the National Securities Clearing Corporation.

NSCC means the National Securities Clearing Commission, any successor thereto and any analogous Governmental Authority.

NSCC shall have the meaning ascribed to such term in Section 2.02(d) hereof.

NSCC means the National Secretariats Coordinating Committee” ;

NSCC means the National Steering and Coordination Committee of the Borrower established pursuant to the Borrower’s Notification No. F.5(2)/2003 – Policy I dated February 7, 2004, for the purposes of overseeing the carrying out of the Project;

NSCC means the National Securities Clearing Corporation

NSCC means the National Securities Clearing Corporation, a corporation organized under the Business Corporation Law of the State of New York.