Subscription Settlement Amount definition

Subscription Settlement Amount means, in respect of a subscription for ETC Securities and the related Subscription Settlement Date, an amount of unallocated Metal determined by the Determination Agent as being equal to the product of the Initial Metal Entitlement per ETC Security in respect of the relevant Subscription Trade Date and the aggregate number of ETC Securities to be issued pursuant to the relevant Subscription Order.
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Subscription Settlement Amount means, in respect of a subscription for ETC Securities, an amount of Metal determined by the Administrator as being equal to the product of the Metal Entitlement in respect of the relevant Subscription Trade Date and the aggregate number of ETC Securities to be issued pursuant to the relevant Subscription Order.
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Subscription Settlement Amount means, in respect of a subscription order of ETC Securities, an amount of unallocated Metal determined by the Determination Agent as being equal to the product of the Metal Entitlement per ETC Security and the aggregate number of ETC Securities to be issued pursuant to the relevant subscription order.Issuing Agent: State Street Fund Services (Ireland) Limited is the issuing agent (the “Issuing Agent”) being the entity which, inter alia, signs the global security, marks up or marks down the global security and sends the global security to the relevant clearing system.Paying Agent: The paying agent (the “Paying Agent”) is the entity which, inter alia, makes payments under the ETC Securities. In relation to a Series of ETC Securities where the global security is to be deposited with Clearstream, Frankfurt/Main or its depositary, the Paying Agent shall be the German Paying Agent. In relation to a Series of ETC Securities where the global security is to be deposited with a common safekeeper or common depositary for Euroclear Bank SA/NV and Clearstream Banking S.A., the Paying Agent shall be the ICSD Paying Agent.German Paying Agent: The German paying agent (the “German Paying Agent”) is State Street International Bank GmbH.ICSD Paying Agent: The ICSD paying agent (the “ICSD Paying Agent”) will be specified in the Final Terms.Authorised Participants: The Authorised Participants are the only entities allowed to buy and sell ETC Securities directly from and to the Issuer. Any such purchase or sale is made by the Authorised Participant delivering or receiving an amount of the Metal equal to the prevailing metal entitlement per ETC Security. Authorised Participants may also act as market makers, i.e. they buy and sell ETC Securities from and to investors on an over-the-counter basis or via a stock exchange. However, not all market makers need to be Authorised Participants.
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Examples of Subscription Settlement Amount in a sentence

  • The Company will not issue ETC Securities to an Authorised Participant until the Subscription Settlement Amount has been received in the Unallocated Account and allocated to the Allocated Account for the Series.

  • Waiting periodsThis is the time period that certain services are not eligible for coverage under this policy.

  • Once the relevant ETC Securities have been issued, the Subscription Account Custodian transfers an amount of Metal equal to the Subscription Settlement Amount to the secured unallocated account of the respective Series of ETC Securities held with the Secured Account Custodian.

  • If a subscription is cancelled, the Subscription Account Custodian will deliver an amount of Metal equal to the Subscription Settlement Amount back to the Authorised Participant.The Metal will generally be held by the Secured Account Custodian on an “allocated” basis.


More Definitions of Subscription Settlement Amount

Subscription Settlement Amount means, in respect of a Subscription for Basket ETC Securities and the related Subscription Settlement Date, an amount of each type of physical Precious Metal and/or Base Metal (or, in the case of any portion of such Basket ETC Securities backed by a BaseMetal, a Bill of Lading or LME Warrants for such amount of Metal) and of each Component comprised in the relevant Basket, equal to the product of: (a) the quantity of such type of Precious Metal, Base Metal or Component comprised in the Metal Entitlement for such Basket ETC Securities on the Subscription Trade Date (calculated on the basis of the number of Baskets comprised in such Metal Entitlement multiplied by the weighting of such type of Metal or Component within such Basket) and(b) the aggregate number of ETC Securities to be issued pursuant to the relevant Subscription Order.
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Related to Subscription Settlement Amount

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Subscription Price has the meaning set forth in Section 2.1.

  • Subscription Day means every Business Day provided that the Management Company may with the prior written consent of the Trustee and upon giving not less than seven (7) days notice in the two (2) widely circulated English and Urdu newspapers declare any particular Business Day or days not to be a Subscription Day.