Strate System definition

Strate System means the computer system and associated network operated or used by Strate for the purpose of Clearing and Settlement of transactions in Securities, or any other purpose performed by Strate in terms of the Act;
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Strate System means the clearing, custody and settlement environment system for securities transactions to be settled and for the transfer of ownership to be recorded electronically, as managed by Strate;
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Strate System means the computer system and associated network operated or used by Strate for the
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Examples of Strate System in a sentence

  • If a registered Prosus N Ordinary Share is transferred for inclusion in a giro deposit or a central securities depository, the transfer will be accepted by the central institute, being Euroclear Nederland, in the case of Euronext Investors, and the Strate System, in the case of JSE Investors.

  • Upon issue of a new Prosus N Ordinary Share to Euroclear Nederland, the Strate System or to an intermediary, the transfer and acceptance in order to include the Prosus N Ordinary Share in the giro deposit or the collection deposit will be effected without the cooperation of the other participants in the collection deposit, central securities depository or the giro deposit, respectively.

  • All Shareholders resident in South Africa or the CMA for exchange control purposes that participate in the Naspers M Share Capitalisation Issue that will receive Prosus N Ordinary Shares, will receive their Prosus N Ordinary Shares through the Strate System in Dematerialised Form and will trade their Prosus N Ordinary Shares on the JSE, in Rand.

  • Prosus N Ordinary Shares trading on Euronext Amsterdam (and held through Euroclear Nederland) may be transferred to trading on the JSE (and held through the Strate System) (and vice versa).

  • The same applies to the establishment of a right of pledge and the establishment or transfer of a right of usufruct on these book-entry rights.Link Market Services South Africa Proprietary Limited is the Company's transfer secretary, and Computershare Investor Services Proprietary Limited is Prosus's transfer secretary, for purposes of settlement through the Strate System.

  • A transfer of a Prosus N Ordinary Share (not being, for the avoidance of doubt, a Prosus N Ordinary Share held through Euroclear Nederland or the Strate System) or of a restricted right (beperkt recht) thereto requires a deed of transfer drawn up for that purpose and acknowledgement of the transfer by the Company in writing.

  • Dematerialised Naspers N Shareholders must inform their CSDP, broker or other nominee if they choose to make the Election in accordance with the agreement between such Naspers N Shareholders and their respective CSDP, broker or other nominee.3. Shareholders should note that, as transactions in Naspers N Ordinary Shares are settled in the Strate System, settlement of trades takes place three trading days after such trade.

  • Temporary documents of title will not be issued in respect of the Unbundled Nedbank Shares.5.3.1.2.3. Settlement of transactions in Unbundled Nedbank Shares on the Johannesburg Stock Exchange may only take place in Uncertificated Form within the Strate System.

  • In order to do so, a shareholder may instruct the institution at which they maintain their securities account to which the relevant Prosus N Ordinary Shares are credited to transfer such Prosus N Ordinary Shares to a securities account with an institution admitted to the Strate System (when transferring Prosus N Ordinary Shares from Euronext Amsterdam to the JSE) or Euroclear Nederland (when transferring Prosus N Ordinary Shares from the JSE to Euronext Amsterdam).

  • The income gap then increases rapidly to 31 percent and 40 percent at the 99th and 99.5th percentiles, respectively.


More Definitions of Strate System

Strate System the system operated for dealings in securities in uncertificated form listed on the JSE that take place on the JSE and for dealings in securities in certificated form listed on the JSE that take place off market;
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Related to Strate System

  • Levee system means a flood protection system which consists of a levee, or levees, and associated structures, such as closure and drainage devices, which are constructed and operated in accordance with sound engineering practices.

  • E-System means any electronic system approved by Agent, including Intralinks® and ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by Agent, any of its Related Persons or any other Person, providing for access to data protected by passcodes or other security system.

  • Sewage system means the entire sewage treatment and subsurface disposal system;

  • Supported Wage System means the Commonwealth Government System to promote employment for people who cannot work at full award wages because of a disability.

  • Drainage system means one or more artificial ditches, tile drains or similar devices which collect surface runoff or groundwater and convey it to a point of discharge.

  • Cable System means a facility, consisting of a set of closed transmission paths and associated Signal generation, reception, and control equipment, that is designed to provide Cable Service, which includes Video Programming and which is provided to multiple Subscribers within a community, but “Cable System” does not include:

  • PV System means a residentially hosted roof-top solar electric generating system, including photovoltaic panels, racks, wiring and other electrical devices, conduits, weatherproof housings, hardware, one or more inverters, remote monitoring systems, connectors, meters, disconnects and over current devices.

  • Sewerage system means pipelines or conduits, pumping stations, and force mains, and all other

  • Feed means feed as defined in point (4) of Article 3 of Regulation (EC) No 178/2002;

  • 911 system means the set of network, database and customer premise equipment (CPE) components required to provide 911 service.

  • SDX System means the system used by NERC to exchange system data.

  • Tank system means a hazardous waste storage or treatment tank and its associated ancillary equipment and containment system.

  • The System means an electronic control system or complex electronic control system that provides or forms part of the control transmission of a function to which this Regulation applies. This also includes any other system covered in the scope of this Regulation, as well as transmission links to or from other systems that are outside the scope of this Regulation, that acts on a function to which this Regulation applies."

  • Brand Name or Equal Specification means a specification which uses one or more manufacturer’s names or catalogue numbers to describe the standard of quality, performance, and other characteristics needed to meet District requirements, and which provides for the submission of equivalent products.

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • smart metering system means an electronic system that is capable of measuring electricity fed into the grid or electricity consumed from the grid, providing more information than a conventional meter, and that is capable of transmitting and receiving data for information, monitoring and control purposes, using a form of electronic communication;

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • Cabinet x-ray system means an x-ray system with the x-ray tube installed in an enclosure independent of existing architectural structures except the floor on which it may be placed. The cabinet x-ray system is intended to contain at least that portion of a material being irradiated, provide radiation attenuation, and exclude personnel from its interior during generation of radiation. Included are all x-ray systems designed primarily for the inspection of carry-on baggage at airline, railroad, and bus terminals, and in similar facilities. An x-ray tube used within a shielded part of a building, or x-ray equipment that may temporarily or occasionally incorporate portable shielding, is not considered a cabinet x-ray system.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Electricity Services means the services associated with the provision of electricity to a person, including the exchange of electric energy, making financial arrangements to manage financial risk associated with the pool price, Distribution Access Service, system access service, ancillary services, billing, metering, performing load settlement and any other services specified in regulations made under the Act;

  • multi-system operator or “MSO” means a cable operator who has been granted registration under rule 11 of the Cable Television Networks Rules, 1994 and who receives a programming service from a broadcaster and re-transmits the same or transmits his own programming service for simultaneous reception either by multiple subscribers directly or through one or more local cable operators;

  • Pipeline System means each system of Pipeline Assets, Real Property and Easements relating thereto making up an integrated gathering system and gathering system, or other pipeline system.

  • Web Site Accessibility Standards/Specifications means standards contained in Title 1 Texas Administrative Code Chapter 206.

  • Grievance System means the overall system that includes:

  • Interstate system means that portion of the National System of Interstate and Defense Highways located within this State, as officially designated, or as may hereafter be so designated, by the Department of Transportation, and approved by the Secretary of Commerce or other appropriate federal official, pursuant to the provisions of Title 23 of the United States Code.

  • Installation Services means all those services ancillary to the supply of the Plant and Equipment for the Facilities, to be provided by the Contractor under the Contract; e.g., transportation and provision of marine or other similar insurance, inspection, expediting, site preparation works (including the provision and use of Contractor’s Equipment and the supply of all construction materials required), installation, testing, pre-commissioning, commissioning, operations, maintenance, the provision of operations and maintenance manuals, training, etc.