Clearing and Settlement definition

Clearing and Settlement means clearing or settlement or clearing and settlement of deals in such manner and subject to such conditions as may be specified by the Relevant Authority from time to time, unless the context indicates otherwise.

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Clearing and Settlement means Clearing or Settlement or Clearing and Settlement.

Clearing and Settlement means Clearing or Settlement or Clearing and Settlement of Trades and refers to the process through which Members’ obligations to deliver / receive funds / securities / CBLOs arising out of Trades entered into by them are effected and achieved by Clearing Corporation through the process of clearing anddefined as “ Settlement” under its Bye- Laws, Rules and Regulations.

Examples of Clearing and Settlement in a sentence

• If applicable, the Rules and Procedures Manual of the National Securities Clearing Corporation, as amended from time to time, including the rules and procedures applicable to the utilization of the Defined Contribution Clearing and Settlement System, Fund/SERV and NETWORKING, as amended from time to time, are hereby made a part of this agreement as if fully set forth herein and shall be a part of each processed transaction.

• It should be noted that, under the Central Clearing and Settlement System (“CCASS”) rules, HKSCC as nominee holder shall have no obligation to take any legal action or court proceedings to enforce any rights on behalf of the investors in respect of the SSE securities and SZSE securities in the PRC or elsewhere.

• The terms used herein shall have the same meaning as the terms defined in the Articles of Incorporation, the Business Regulations, the Brokerage Agreement Standards, the special regulations for such rules concerning Futures/Options Trading, Trading Participant Regulations, the Clearing and Settlement Regulations and the Margin Rules of the Financial Instruments Exchange, and the Business Rules and the Rules on Margins, etc.

• I/We acknowledge that due to the implementation of the Central Clearing and Settlement System, you are not obliged to produce and/or deliver to me/us actual certificates or documents of title for any Commodities relating to Futures Contracts and/or Option Contracts entered into by you on my/our behalf.

• This Agreement, including the security interest granted by this Agreement, and any Contract, are “eligible financial contracts” within the meaning of the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), the Winding-up and Restructuring Act (Canada) and the Payment Clearing and Settlement Act (Canada).

• Customer represents that it is a “financial institution” for the purposes of the Payment Clearing and Settlement Act (Canada).

• The Bank is hereby authorized to decide, at its discretion, on the ways and means of executing Direct Debit (concerning the routes, the ways of transmission of instructions with the Financial Institutions Concerned, Clearing and Settlement Mechanism (as defined in the Rules, hereinafter “CSM”) and other related matters).

• Until such time as Trust and Hartford are able to utilize the National Securities Clearing Corporation ("NSCC") Defined Contribution Clearing and Settlement ("DCC&S") Fund/SERV system: Trust will use its best efforts to provide to Hartford or its designated agent closing net asset value, change in net asset value, dividend or daily accrual rate information and capital gain information by 6:30 p.m. Eastern Time each Business Day.

• The Rules & Procedures Manual of the NSCC, including the rules and procedures applicable to the utilization of the Defined Contribution Clearing and Settlement System, as amended from time to time (the “Procedures), are hereby made a part of this Agreement as if fully set forth herein and shall be a part of each trade cleared by Service Provider on behalf of or at the request of the Company.

• Hong Kong law recognises the proprietary interest of investors in shares held for them by their broker or custodian in the Central Clearing and Settlement System.

More Definitions of Clearing and Settlement

Clearing and Settlement means the procedure by which a clearing house acts as an intermediary between a buyer and seller for exchange traded transactions in order to reconcile orders between transacting parties and ensure the physical or financial settlement of the transaction; “coffee dealer” means a person registered by the Board, a county government or the Authority to deal in coffee as provided under this Act;

Clearing and Settlement means the—

Clearing and Settlement means the procedure by which a clearing house acts as an intermediary between a buyer and seller for exchange traded transactions in order to reconcile orders between transacting parties and ensure the physical or financial settlement of the transaction;

Clearing and Settlement for details about the clearing of Clearing System Registered Notes. Initial Delivery of Notes On or before the issue date for each Tranche, if the relevant Global Note is an NGN, the Global Note will be delivered to a Common Safekeeper for Euroclear and Clearstream, Luxembourg. On or before the issue date for each Tranche the Global Note representing Bearer Notes (other than NGNs) or Exchangeable Bearer Notes or the Global Certificate representing Registered Notes may be delivered to and deposited with a common depositary for Euroclear and Clearstream, Luxembourg. Global Notes or Certificates may also be deposited with any other clearing system or may be delivered outside any clearing system provided that (i) the method of such delivery has been agreed in advance by the relevant Issuer, the Fiscal Agent and the relevant Dealer(s) and (ii) Global Notes representing Bearer Notes or Exchangeable Bearer Notes are delivered and deposited outside the United States and its possessions. Registered Notes that are to be credited to one or more clearing systems on issue will be registered in the name of nominees or a common nominee for such clearing systems. In the case of Clearing System Registered Notes, no document of title in respect of such Notes will be issued at any time. Arrangements will be made for such Notes to be registered with a central securities depositary in the jurisdiction of the relevant local clearing system as agreed between the relevant Issuer and the relevant Dealer. Currencies Subject to compliance with all relevant laws, regulations and directives, Notes may be issued in any currency agreed between the relevant Issuer and the relevant Dealer(s), including Euro, U.S. dollars, Australian dollars, Canadian dollars, Hong Kong dollars, New Zealand dollars, Sterling, Swiss francs and Japanese Yen or in other currencies if the relevant Issuer and the relevant Dealer(s) so agree. Clearing System Registered Notes may be issued in Euro or, in the case of Swedish Notes (as defined in “Terms and Conditions of the Notes”), SEK and such other currencies as may be approved by the Swedish CSD Rules, or, in the case of Swiss Notes (as defined in “Terms and Conditions of the Notes”), CHF and such other currencies as may be approved by the Swiss CSD Rules, and, in the case of any other Clearing System Registered Notes, such currencies as may be approved by the relevant CSD Rules. Maturities Subject to compliance with all relevant laws, regulations and directiv...

Clearing and Settlement means the procedure by which an organization acts as an intermediary and assumes the role of a buyer and seller for Exchange--traded

Clearing and Settlement means the calculation and collection of mutual receivables and payables due under transactions;