Settlement Member definition

Settlement Member means an entity that has been approved as a Settlement Member of CLS Bank.
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Settlement Member means themember of a self-help settlement or the member of a co-operative settlement, as the case may be.
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Settlement Member means an entity that has been approved as a Settlement Member of CLS Bank, and appointed by Clearing Corporation for providing CLS Third Party service.
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Examples of Settlement Member in a sentence

  • Maintenance ProcessThe specification of the auction limits is undertaken by the Clearing Member at Trading Participant level via ECC or by the Settlement Member itself.The Trading Limit can be managed by authorized users of ECC Clearing Members and Settlement Members in the ECC Member Area.

  • Where a request has been successful, the Parish Council will instruct an approved contractor to install the bin.

  • The Sponsored Settlement Member represents and warrants, on a continuing basis, that it will satisfy the SSM Eligibility Criteria, and acknowledges and agrees that satisfaction of the SSM Eligibility Criteria is a condition precedent to this Agreement.

  • This cash amount will be used to pay: (a) Settlement Class Members their respective cash Settlement Member Payments; (b): any Court-awarded reasonable attorneys’ fees and costs for Class Counsel; (c) any Court-awarded Service Award for Plaintiffs for their role as Class Representative; (d) Settlement Administration Costs; and (e) if any residual funds remain after the distribution of Settlement Class Members’ payments, then to be distributed to the cy pres recipient.

  • Validation Of Instructions 3.1 The Settlement Member shall perform validation checks on the trades captured.

  • SBL is conducted in order to cover failed settlement, facilitate short selling or other activities.Settlement Limit - a cash limit as determined by the relevant Settlement Member for each Custody Member from time to timeSettlement Member – a bank nominated by Custody Member to facilitate cash settlement for this Custody Member; sets Settlement limit.Trading System – X-Stream INET, IT system used by Tadawul for facilitating trading functions.

  • When a Notional Exchange Risk Limit is fully utilised, new trades of cross currency swaps and Deliverable FX swaps and forwards will not be accepted unless the Clearing Member or the Sponsored Settlement Member posts additional cash Collateral of the excess amount in the same currency as the Notional Exchange Risk Limit.

  • Clearing Member or the Sponsored Settlement Member can print the reports locally or download the reports in a machine- readable data-file format.All reports reflect the latest record of OTC Clear.

  • As a result of the First Delegation, OTC Clear shall pay, as primary obligor and not as a surety, directly to the Sponsored Settlement Member the SSM Payment Amounts due by OTC Clear pursuant to, and in accordance with the conditions set out in, Clause 3.1 below.

  • The Sponsored Settlement Member (as delegated debtor) hereby irrevocably and unconditionally accepts such Second Delegation.


More Definitions of Settlement Member

Settlement Member means an individual who is a member of a settlement; “settlement council” means the council of a settlement;
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Related to Settlement Member

  • Management Member means any Member that is an employee of the Company or any of its Subsidiaries.

  • Student Member means the member of ICCB who has been selected by ICCB's Student Advisory Committee. The student member has all the privileges of membership defined in Section 2-3 of the Act.

  • Independent Member of the board means a member of the board who has no business, family or other relationship that raises a conflict of interests regarding the CCP concerned or its controlling shareholders, its management or its clearing members, and who has had no such relationship during the five years preceding his membership of the board;

  • Unit Member means any certificated employee of the district who is included in the appropriate unit as defined in Article 2 and therefore covered by the terms and provisions of this Agreement.

  • Management Members shall have the meaning set forth in the introductory paragraph of this Agreement.

  • Bargaining Unit Member or “employee” means a University employee who is included in the bargaining unit as defined in Article 2: “Recognition and Scope”.

  • Agent Member means any member of, or participant in, the Depositary.

  • Agent Members has the meaning provided in Section 2.07(a).

  • Relevant Member State means each Member State of the European Economic Area which has implemented the Prospectus Directive, except Luxembourg; and

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • Bankrupt Member means any member (a) that (i) makes an assignment for the benefit of creditors; (ii) files a voluntary petition in bankruptcy; (iii) is adjudged a bankrupt or insolvent, or has entered against such Member an order for relief, in any bankruptcy or insolvency proceedings; (iv) files a petition or answer seeking for the Member any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any statute, law or regulation; (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against the Member in any proceeding of the type described in subclauses (i) through (iv) of this clause (a); or (vi) seeks, consents to, or acquiesces in the appointment of a trustee, receiver or liquidator of the Member or of all or any substantial part of the Member's properties; or (b) against which, a proceeding seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law or regulation has been commenced and one hundred twenty (120) days have expired without dismissal thereof or with respect to which, without the Member's consent or acquiescence, a trustee, receiver or liquidator of the Member or of all or any substantial part of the Member's properties has been appointed and ninety (90) days have expired without the appointment having been vacated or stayed, or ninety (90) days have expired after the date of expiration of a stay, if the appointment has not previously been vacated. The foregoing is intended to and shall supersede and replace the events of bankruptcy described in Sections 18-304(a) and (b) of the Act.

  • host Member State means the Member State other than the home Member State in which a payment service provider has an agent or a branch or provides payment services;

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Study Participant means a person recruited to participate in the Study.

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Deferred member means a person who elected to receive deferred vested retirement

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Co-opted Member means a person who is not a member of the authority but who-

  • Participating member means a member who is required to make mandatory contributions by the applicable retirement act to his or her health reimbursement account.

  • Subject Member means an elected member or co-opted member of the County Council against whom a complaint has been made alleging a breach the Code of Conduct.

  • Withdrawn Member means a Member whose interest in the Company has been terminated for any reason, including the occurrence of an event specified in Section 6.2, and shall include, unless the context requires otherwise, the estate or legal representatives of any such Member.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • Partner Group means any legal entity that has direct or indirect Control over the Partner and only as long as that legal entity maintains direct or indirect Control (“Parent Companies”) as well as all Associated Companies of the Parent Companies.