securities settlement system definition

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

securities settlement system means a system that enables securities to be transferred and settled by book entry according to a set of predetermined multilateral rules.

securities settlement system means the securities settlement system operated by the NBB or any successor thereto;

Examples of securities settlement system in a sentence

• As long as EFI Notes (or the Global Note representing EFI Notes) shall be held in, or on behalf of, and settled through the NBB Securities Settlement System, the provisions of this Agreement shall, in relation to EFI Notes, be superseded to the extent necessary by the relevant provisions of the Clearing Services Agreement, the NBB Securities Settlement System Regulations and any applicable provisions of Belgian law.

• 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 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.

• 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.

• 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.

More Definitions of securities settlement system

securities settlement system means an entity that enables securities to be transferred and settled by book entry and allows transfers of securities free of or against payment.

securities settlement system. (SSS) means a securities settlement system as defined in point (10) of Article 2(1) of Regulation (EU) No 909/2014, which allows the transfer of securities, either free of payment (FOP), or against payment (delivery versus payment (DVP));

securities settlement system means a system which:

securities settlement system means a computer-based system, and procedures, which enable title to units of a security to be evidenced and transferred without a written instrument, and which facilitate supplementary and incidental matters.

securities settlement system means a securities settlement system as defined in Article 2(1), point (10), of Regulation (EU) No 909/2014;

securities settlement system means a system under the first, second and third indents of point (a) of Article 2 of Directive 98/26/EC that is not operated by a central counterparty whose activity consists of the execution of transfer orders;

securities settlement system means the clearing system operated by Euroclear SA/NV or any successor thereto.