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.

• Penalties for Settlement delays: If a Member causes a Settlement failure on SD on account of a Market making activity, for USD listed securities there will be a penalty of USD100 or 0.05% of the Settlement value of the failed obligation, whichever is higher.

• Settlement failure can be caused by a lack of cash, lack of shares or when a Clearing Participant has put its settlement instruction on hold (this also applies to receiving Clearing Participants).

• Settlement failure occurs if the Exchange Member was unable to provide the securities needed to settle the trade before pre-settlement (at 13:00 on T+2).

• A.4.3 Penalties for rejections not using the late confirmation window (as per section 5.4.3) If a Member causes a Settlement failure on SD on account of a Market making activity, there will be a penalty of USD100 or 0.05% of the Settlement value of the failed obligation, whichever is higher for USD listed securities , and AED 367 or 0.05% of the Settlement value of the failed obligation, whichever is higher for AED listed securities.

• Policies on each task(3) Transactions with Non-Residents Study Items• There is a need to study measures on transactions with non-residents, because post-trade handling in such cases will become tight, considering time differences with European and U.S. markets and holidays.• Settlement failure ratio is estimated to rise to some extent, especially in transactions with non-residents.

• Settlement failure is a situation in which someone is unable to deliver stock to a buyer in the time specified by the market rules (T+3).

• 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.

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

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.