System Participant definition

System Participant means a person other than the Reserve Bank and a System Provider, participating in a payment system as defined in the Payment and Settlement Systems Act, 2007;

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System Participant means a party who participates in a funds transfer system or settlement system which is operated, designated or regulated by the Central Bank;

System Participant means a system-participant, as defined in the Uncertificated Securities Regulations;

Examples of System Participant in a sentence

State Street may participate directly or indirectly through a subcustodian in the Depository Trust Company (DTC), Treasury/Federal Reserve Book Entry System (Fed System), Participant Trust Company (PTC) or other depository approved by Fund (as such entities are defined at 17 CFR Section 270.17f-4(b)) (each a "Depository" and collectively the "Depositories").
Custodian may participate directly or indirectly through a subcustodian in the Depository Trust Company, Treasury/Federal Reserve Book Entry System, Participant Trust Company or other depository approved by the Fund (as such entities are defined at 17 CFR Section 270.17f-4(b)).
In order to permit HCC to obtain financing to permit the development of the HCC System, Participant agrees to pay the monthly contingency fee (the "Contingency Fee") of [*] multiplied by the Monthly Base Transactions indicated on Exhibit "B".
The Custodian may participate directly or indirectly in the Depository Trust Company, Treasury/Federal Reserve Book Entry System, Participant Trust Company (as such entities are defined at 17 CFR Sec.
The subcustodian may participate directly or indirectly in the Depository Trust Company, Treasury/Federal Reserve Book Entry System, Participant Trust Company or other depository approved by the Fund (as such entities are defined at 17 CFR Sec.

More Definitions of System Participant

System Participant means any person other than a bank participating in a payment system as defined under Section 2 of the Payment and Settlement Systems Act, 2007 excluding a ‘System Provider2’

System Participant means a member of a payment system that is authorised and recognised in the rules of that payment system or is otherwise recognised by the operator of that payment system;

System Participant means a person authorised by the Bank under section 2(2)(b) to participate in the clearing and settlement systems; and

System Participant means a bank or any other person participating in a payment system and includes the system provider;

System Participant means Bank or any other person participating in a payment system and includes the system provider as per the PSS Act.

System Participant means a member of the payment system management 30 body. -

System Participant means a person who has access to a payment, clearing or settlement system under a contractual arrangement with a system operator;