Specified Clearing System definition
Specified Clearing System means the clearing system specified in the relevant Pricing Supplement in respect of a Tranche of Notes for which no Note Certificates are to be issued;
Specified Clearing System means a Clearing System that has entered into a book entry agreement with the Issuer in respect of the Notes. For the avoidance of doubt, CBF is a Specified Clearing System, however, other Clearing Systems may in the future become Specified Clearing Systems.
Specified Clearing System means a Clearing System that has entered into a book entry agreement with the Issuer in respect of the Notes, which agreement includes terms intended to provide that certain Notes are in registered form for U.S. federal income tax purposes. For the avoidance of doubt, CBF is a Specified Clearing System, however, other Clearing Systems may in the future become Specified Clearing Systems.