Common use of Clearing and Settlement Clause in Contracts

Clearing and Settlement. The entire processes that facilitate cash transfer between the parties in accordance with the deposited collateral and through fulfillment by the members, within the time period and on the conditions set forth by Takasbank, of the obligations arising in relation to the transactions conducted in the Market.

Clearing and Settlement. The entire processes that facilitate transfer of cash transfer and/or assets between the parties in accordance with the deposited collateral and through fulfillment by the members, within the time period and on the conditions set forth by Takasbank, of the obligations arising in relation to the transactions conducted in the Market.