Settlement Failure definition

Settlement Failure means, in relation to a participant, failure by such a participant to fulfill its settlement obligation to one or more participants within a reasonable time after exhausting all means of raising liquidity as determined by the Settlement Provider but in any event by no later than the end of the settlement cycle during which that instruction was due, and in respect of which the Bank has declared a settlement failure;

Settlement Failure means either a Counterparty Settlement Failure or an Authorized Participant Settlement Failure;

Settlement Failure means the failure of a Network, Distributor, Processor or other Mission Critical Third Party to Settle for Transactions or any other failure of funds to be successfully credited or debited from the appropriate accounts described in Section 8.

Examples of Settlement Failure in a sentence

• Settlement failure procedures apply if an Authorised Participant does not comply with its obligations under the procedures.

• In case of a Securities Settlement failure on settlement date as defined in the CDS Rules, the defaulting investment dealer shall be required to pay a daily fine of 0.05% of the value of the securities (marked to market daily) to the SEM until the buy-in is completed or the situation is corrected.

• In order to ensure the timely and efficient performance of Work under this Settlement, failure of the Division to expressly approve, comment on, or disapprove of a Deliverable within a specified time period shall be deemed an approval by the Division and authorization for Respondent to proceed with any Work described in the Deliverable as proposed or described therein.

• This information is material to the Court’s consideration of the Settlement; failure to include this information and documentation may be grounds for overruling and rejecting the objection.

• Settlement failure in this example could be con- trolled if the buyer’s bank were to put a hold on the buyer’s funds at the time payment is initiated, collateral- izing the transaction.

• Only referral notes and notes from the two initial standard consultations were analysed in this study.

• However, if the Expedition FLSA Class Member is also a California Class Member and has not opted out of the Settlement, failure to timely submit a valid Consent to Join Settlement Form shall only operate to exclude the recovery of that portion of the Settlement Share attributable to his or her Covered Workweeks worked outside of California.

• Settlement failure is rare but the Merchant may choose to wait until the day after capturing the transaction to check the transaction goes to the 'accepted' state before sending the goods.

• Settlement failure would result in mandatory “buy-in” as a deterrent, with ESMA expected to draft standards on the precise mechanism.

• Each case of bereavement will be dealt with on its merits by the employer, and should an employee require further consideration than that provided for in this clause, application should be made to the relevant manager.

More Definitions of Settlement Failure

Settlement Failure means; failure by a Participant to fulfill its settlement obligation to one or more Participants after exhausting all means of raising liquidity no later than the end of the settlement cycle during which that instruction was due.

Settlement Failure means the cancellation or termination of a FX trade if there are not enough funds in the PagoNxt Payments UK Account to settle it.