clearing and settlement facility definition

clearing and settlement facility means a system or mechanism provided by a clearing and settlement agency for the—
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clearing and settlement facility means a system that provides for—
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clearing and settlement facility means a facility that is a clearing and settlement facility for the purposes of Chapter 7 of the Corporations Act 2001 .
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More Definitions of clearing and settlement facility

clearing and settlement facility means a clearing and settlement facility licensed under section 10 of the Act;
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clearing and settlement facility means a clearing and settlement facility licensed under the Act;
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clearing and settlement facility means a clearing and settlement facility operated by ASX Clear or an Approved Settlement Facility.
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Related to clearing and settlement facility

  • securities settlement system means a system that enables securities to be transferred and settled by book entry according to a set of predetermined multilateral rules.

  • Clearing Agreement means in relation to Client Clearing Business entered into by

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • settlement system means a system established and operated by the Bank to facilitate the transfer of funds for the discharge of payment and settlement obligations between system participants;

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.