CHATS Commencement definition

CHATS Commencement means a time determined from time to time by HKICL by which the Clearing House Computer will again be re-opened for the settlement of CHATS Transactions (other than CHATS Transactions in respect of Articles) involving funds transfers on the Working Day immediately following CHATS Value Date Cut-off.
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CHATS Commencement means a time determined from time to time by HKICL by which the Clearing House
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Examples of CHATS Commencement in a sentence

  • The IILF shall be made available through CHATS between the CHATS Commencement and CHATS Value Date Cut-off by Liquidity Providers to Liquidity Consumers in accordance with this Rule.

  • If the first (one or more) delayed Bulk Clearing Settlement Run(s) cannot be completed before the beginning of the next immediate scheduled Bulk Clearing Settlement Run after the revised CHATS Commencement, priority shall be given to the next immediate Bulk Clearing Settlement Run, followed by the delayed Bulk Clearing Settlement Run(s).

  • Subject to Rule 6.13.9, between the CHATS Commencement and CHATS Value Date Cut-off, RTGS Liquidity Optimiser effected through CHATS can be triggered automatically according to a pre-defined interval or manually by MA.

  • In the case of CHATS Commencement being delayed due to urgent system maintenance and when it is reasonably certain that the normal operation of CHATS can resume within the same Working Day, the affected appointed times shall be adjusted according to the principles stipulated in Rules 7.11.

  • Subject to Rule 7.11.5, all Bulk Clearing Settlement Run(s) that cannot be executed due to delay in CHATS Commencement (delayed Bulk Clearing Settlement Run) shall be executed in their original sequential order one by one consecutively once CHATS has resumed.

  • At the discretion of HKICL after consultation with MA, the principles under Rule 7.11 shall be applicable only for the situation when the delay of CHATS Commencement is due to urgent system maintenance and where it is reasonably certain that the normal operation of CHATS can resume within the same Working Day and the start up time can be anticipated under the notification of HKICL as stipulated in Rule 7.1.1(c).

  • Between the CHATS Commencement and CHATS Value Date Cut-off, RTGS Liquidity Optimiser effected through CHATS can be triggered automatically according to a pre-defined interval or manually by SI.

  • In the case where CHATS Commencement cannot occur on a Working Day, the delayed Bulk Clearing Settlement Runs can, at the discretion of HKICL after consultation with MA, be deferred to the time at which CHATS can resume for value as at the Working Day on which the Bulk Clearing Settlement Runs were originally scheduled and this Rule shall apply to them accordingly.

  • A hold of funds will only be applied pursuant to Rule 6.3.4.3 and in accordance with Rule 6.3.4.1 after CHATS Commencement on the relevant Supported Forward Day and settlement will only take place after the relevant funds have been held and after CCPMP Commencement on the relevant Working Day, subject to Rule 6.3.4.8.

  • Subject to Rule 7.7.5, all Bulk Clearing Settlement Run(s) that cannot be executed due to delay in CHATS Commencement (delayed Bulk Clearing Settlement Run) shall be executed in their original sequential order one by one consecutively once CHATS has resumed.

Related to CHATS Commencement

  • Commencement Notice means a written notice, given by any Secured Party to the other Secured Parties in accordance with the notice provisions set forth in the Securities Purchase Agreement, pursuant to which such Secured Party notifies the other Secured Parties of the existence of one or more Events of Default and of such Secured Party’s intent to commence the exercise of one or more of the remedies provided for under this Agreement with respect to all or any portion of the Collateral as a consequence thereof, which notice shall incorporate a reasonably detailed description of each Event of Default then existing and of the remedial action proposed to be taken.

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Commencement Date means the date of this Agreement;

  • commencement means the filing of the first pleading in a proceeding.