Settlement Date means the date for settlement in cash or delivery of the underlying asset of a Derivative Transaction.
Settlement Date means the date that the Customer’s subscription proceeds shall be deducted by the Bank from the TWD Demand Deposit Account or Foreign Currency Demand Deposit Account.
Examples of Settlement Date in a sentence
If you fail or omit to fulfil your settlement obligations by the Settlement Date, we are authorized and empowered to execute on your behalf the purchase or acquisition of such specified underlying assets as are necessary to satisfy your settlement obligations hereunder.
If you fail or omit to fulfil your settlement obligations hereunder by the Settlement Date, we are authorized and empowered to sell or transfer any Securities or other assets in the Account or all cash, asset or property otherwise deposited with or held by us and/or Associate in satisfaction of your settlement obligations.