OTC Clear Debit Request definition

OTC Clear Debit Request means a request transmitted or delivered by OTC Clear to the Clearing House Computer for the generation of an OTC Clear Payment Instruction for the effecting of a payment through CHATS to settle an obligation of a Member or one of its customers which is not a Member to OTC Clear by paying into the CHATS Ledger Account of a bank Member designated by OTC Clear in accordance with the Operating Procedures as of the Working Day referred to in the request which can be the day on which the request is received by the Clearing House Computer or any Supported Forward Day.
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Examples of OTC Clear Debit Request in a sentence

  • An OTC Clear Payment Instruction Value Today or OTC Clear Payment Instruction Value Forward Day will be generated according to the intended value day referred to in the corresponding OTC Clear Debit Request.

  • An OTC Clear Debit Request transmitted or delivered by OTC Clear to the Clearing House Computer will be validated in accordance with the validation criteria stipulated in the Operating Procedures.

  • For the avoidance of doubt, an OTC Clear Debit Request which requests for the generation of an OTC Clear Payment Instruction Value Today received after the CHATS Bank Cut-off will be rejected.

  • An OTC Clear Debit Request for the generation of an OTC Clear Payment Instruction Value Forward Day for effecting payments through CHATS may not be made for value dates later than the last of the Supported Forward Days.

  • HKICL, MA and SI shall not be liable for, and expressly exclude any such liability for, any direct, indirect, consequential, special or incidental damage, loss or expense, whether caused by negligence or otherwise, which arises directly or indirectly as a consequence of the processing or settlement of (or any failure or delay to process or settle), any OTC Clear Debit Request and OTC Clear Payment Instruction in accordance with these Rules.

  • HKICL, MA and CB shall not be liable for, and expressly exclude any such liability for, any direct, indirect, consequential, special or incidental damage, loss or expense, whether caused by negligence or otherwise, which arises directly or indirectly as a consequence of the processing or settlement of (or any failure or delay to process or settle), any OTC Clear Debit Request and OTC Clear Payment Instruction in accordance with these Rules.

  • HKICL and MA shall not be liable for, and expressly exclude any such liability for, any direct, indirect, consequential, special or incidental damage, loss or expense, whether caused by negligence or otherwise, which arises directly or indirectly as a consequence of the processing or settlement of (or any failure or delay to process or settle), any OTC Clear Debit Request and OTC Clear Payment Instruction in accordance with these Rules.

  • According to the terms of the OTC Clear Agreement, OTC Clear will be responsible for the correctness of the contents of each OTC Clear Debit Request and will indemnify such Members, MA, CB and HKICL against all liabilities and expenses incurred by any of them arising out of or as a result of any error in an OTC Clear Debit Request or discrepancy between information in an OTC Clear Debit Request and the related underlying transaction.

  • It delivers a location change to a LIS as soon as they are available without being queried by the LIS.

  • According to the terms of the OTC Clear Agreement, OTC Clear will be responsible for the correctness of the contents of each OTC ClearDebit Request and will indemnify such Members, MA and HKICL against all liabilities and expenses incurred by any of them arising out of or as a result of any error in an OTC Clear Debit Request or discrepancy between information in an OTC Clear Debit Request and the related underlying transaction.

Related to OTC Clear Debit Request

  • Direct Debit Request means the Direct Debit Request between Us and You.

  • Quarterly Certificate has the meaning provided in Section 2.1(a)(i) of this Commercial Shared-Loss Agreement.

  • Funding Request shall have the meaning set forth in Section 5.3(a).

  • L/C Request has the meaning specified in Section 2.4(b).

  • Quarterly Compliance Certificate has the meaning specified in Section 4.1(d) of the Base Indenture.

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Final Acceptance Certificate means the certificate that shall be issued by the Engineer to the Contractor upon the satisfactory completion of the contract by the Contractor.

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • Credit Event Resolution Request Date means, with respect to a notice to ISDA requesting that a Credit Derivatives Determinations Committee be convened to resolve:

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Tax Compliance Certificate as defined in Section 5.9.2(b)(iii).

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • Support Request means a request for assistance received by Blackboard's Service Desk and/or Service Desk Infrastructure from an Authorized User, such as any answered phone call, answered email, or answered chat.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Daily Report has the meaning set forth in Section 8.9(a).