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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Related to OTC Clear Debit Request

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

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

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

  • 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.

  • Tax Clearance Certificate means a tax clearance certificate issued by the South African Revenue Services (SARS) confirming that the natural or juristic person is a registered tax payer.