Clearing Corporation definition

Clearing Corporation. The meaning specified in Section 8-102(a)(5) of the UCC.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Clearing Corporation means each entity included within the meaning of “clearing corporation” under Section 8-102(a)(5) of the UCC.

Clearing Corporation. (i) Clearstream, (ii) DTC, (iii) Euroclear and (iv) any entity included within the meaning of “clearing corporation” under Section 8-102(a)(5) of the UCC.

Examples of Clearing Corporation in a sentence

• Without limitation of the foregoing, USBGFS shall not be responsible for providing anti-money laundering or customer identification services with respect to certain intermediary or dealer-controlled customer accounts (i.e., level 0 sub-accounts through the Fund/SERV system operated by the National Securities Clearing Corporation) and other fund client relationships where there is a sub-transfer agency or similar arrangement between the Trust and the intermediary.

• The Trust wishes to engage USBGFS to perform certain services on behalf of the Trust with respect to the creation and redemption of Shares, as the Trust's agent, namely to provide transfer agent services for Shares of each Fund; and to act as Index Receipt Agent (as such term is defined in the rules of the National Securities Clearing Corporation ("NSCC")) with respect to the settlement of trade orders with Authorized Participants.

• The Trust wishes to engage USBGFS to perform certain services on behalf of the Trust with respect to the creation and redemption of Shares, as the Trust’s agent, namely to provide transfer agent services for Shares of each Fund; and to act as Index Receipt Agent (as such term is defined in the rules of the National Securities Clearing Corporation (“NSCC”)) with respect to the settlement of trade orders with Authorized Participants.

More Definitions of Clearing Corporation

Clearing Corporation means as defined in section 554.8102.

Clearing Corporation shall have the meaning given such term in Section 8-102(a)(5) of the UCC.

Clearing Corporation means any entity or system established for purposes of providing securities settlement and movement and associated functions for a given market.

Clearing Corporation means an organization through which trades in options or standardized futures are cleared and settled;

Clearing Corporation. “Entitlement Holder”, “Financial Asset”, “Indorsement”, “Securities Account”, “Securities Intermediary”, “Security”, “Security Entitlement” and “Uncertificated Security” have the respective meanings set forth in Article 8 of the NYUCC.

Clearing Corporation means The Clearing Corporation of India Ltd. as registered under the Companies Act.

Clearing Corporation means an organization through which trades in specified derivatives are cleared and settled;