settlement system means a system established and operated by the Bank to facilitate the transfer of funds for the discharge of payment and settlement obligations between system participants;

settlement system means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

settlement system means a system used to facilitate the settlement of transfers of funds or financial instruments;

Examples of settlement system in a sentence

Non-Intercompany Settlement System (NICS) is the Telcordia (formerly BellCore) system that calculates non-intercompany settlements amounts due from one company to another within the same RBOC region.
Where required by the Commission, and within such timeframe as the Commission may reasonably request, the Licensee shall in conjunction with the Northern Ireland Market Operator Licensee, prepare and submit to the Commission for approval a plan, to be known and referred to as the Market System Development Plan, for the development of the Single Electricity Market Trading and Settlement System over the following two calendar years.
ICS on a national level includes third number and credit card calls and is administered by Telcordia (formerly BellCore)’s Calling Card and Third Number Settlement System (CATS).
The Licensee shall, in conjunction with the Northern Ireland Market Operator Licensee, no later than SEM Go-Live, submit to the Commission for approval a report setting out the performance criteria against which the performance of the Single Electricity Market Trading and Settlement System may be measured.

More Definitions of settlement system

settlement system means any real-time gross settlement system established under subsection (1).

settlement system means, the system of a State Party used to facilitate settlement.

settlement system means a System established and operated by the Central Bank or any other System for the discharge of payment obligations as well as of settlement of obligations in relation to securities;

settlement system means the facilities and systems used to effect the clearing and settlement of transactions by NZX.

settlement system means a system for the holding and transfer of investment securities on records of the issuer or other records that constitute the primary record of entitlement to investment securities as against the issuer;

settlement system means those assets, systems and procedures for the calculation in accordance with the Pool Rules of payments which become due thereunder, as modified from time to time;