SIPS operator definition

SIPS operator means the legal entity legally responsible for operating a SIPS;
Sample 1Sample 2Sample 3

Examples of SIPS operator in a sentence

  • A SIPS operator shall establish rules and procedures to address losses directly resulting from defaults by one or more participants on their obligations to the SIPS.

  • These rules and procedures shall address the allocation of potentially uncovered losses, including the repayment of any funds a SIPS operator may borrow from liquidity providers.

  • A SIPS operator with access to central bank accounts, payment services or securities services shall use these services, where practicable.

  • A SIPS operator shall not assume that emergency central bank credit will be available.

  • If a settlement takes place in commercial bank money, the SIPS operator shall monitor, manage, and limit credit and liquidity risks arising from the commercial settlement banks.

  • A SIPS operator shall monitor on a regular basis, and at least annually, the adequacy of its valuation policies and procedures.

  • If an activity meets the characteristics of a “service” it is taxable unless specified in the Negative list, comprising 17 heads listed in proposed new section 66D, or otherwise exempted by a notification issued under section 93 of the Act.

  • A SIPS operator shall mark-to-market its collateral at least on a daily basis.

  • A SIPS operator conducting business in more than one legal system shall identify and mitigate the risks arising from any potential conflict of laws.

  • The SIPS operator shall develop risk-management tools that are robust and proportionate to the identified level of risk.

Related to SIPS operator

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • Network Operator means the network operator who operates the wireless network of networks to which the SIM Cards are connected.

  • economic operator means any natural or legal person or public entity or group of such persons and/or entities which offers the execution of works and/or a work, the supply of products or the provision of services on the market;

  • Terminal operator means a person who owns, operates, or otherwise controls a terminal.

  • Market Operator means a person or persons who manages and/or operates the business of a regulated market. The market operator may be the regulated market itself;

  • Meter Operator means a party appointed for the purposes of the BSC, to:

  • Farming operation means raising, cultivating, propagating, fattening, grazing, or any other farming, livestock, or aquacultural operation.

  • Account Operator means a bank or other party duly authorised to operate as an account operator pursuant to the Financial Instruments Accounts Act and through which a Bondholder has opened a Securities Account in respect of its Bonds.

  • Transporter means a person engaged in the off-site transportation of hazardous waste by air, rail, highway, or water.