Clearing House Computer definition

Clearing House Computer means (i) the computer system of the Clearing House (a) to which Members and CB may connect to effect CHATS Transactions and other transactions through the Clearing House as the case may be via the SWIFT network, (b) to which Members, Global Users and CB may connect through the MBT in order to perform administrative functions related to CHATS Transactions (other than initiating/receiving payment instructions) as stipulated in the Operating Procedures, (c) to which OTC Clear connects its system in order to transmit OTC Clear Debit Requests for the generation of OTC Clear Payment Instructions through the Clearing House and (d) to which other computer systems may connect in order to effect CHATS Transactions and other transactions through the Clearing House as the case may be; and (ii) other relevant computer system(s) in respect of the Clearing House.
Sample 1Sample 2Sample 3
Clearing House Computer means (i) the computer system of the Clearing House (a) to which Direct Participants may connect to effect CHATS Transactions and other transactions through the Clearing House as the case may be via the SWIFT network, (b) to which Direct Participants may connect through the MBT in order to perform administrative functions related to CHATS Transactions (other than initiating/receiving payment instructions) as stipulated in the Operating Procedures, (c) to which OTC Clear connects its system in order to transmit OTC Clear Debit Requests for the generation of OTC Clear Payment Instructions through the Clearing
Sample 1

Examples of Clearing House Computer in a sentence

  • CHATS Transactions (other than CHATS Transactions in respect of Articles) received by Clearing House Computer after commencement of the RTGS Liquidity Optimiser process will not be processed as part of that process and will be placed at the end of the Normal Queue and processed in due course in accordance with these Rules Provided that Direct Debit Instructions will be placed at the top of the Normal Queue.

  • An OTC Clear Debit Request transmitted or delivered by OTC Clear to the Clearing House Computer will be validated in accordance with the validation criteria stipulated in the Operating Procedures.

  • During the period between CHATS Customer Cut-off and CHATS Bank Cut-off, OTC Clear Payment Instructions Value Today or OTC Clear Payment Instructions Value Forward Day will be generated according to any OTC Clear Debit Requests transmitted or delivered by OTC Clear to the Clearing House Computer.

  • In case of exceptional circumstances due to situations including but not limited to CCASS failure, the communication link between the Clearing House Computer and CCASS fails or when the CHATS Customer Cut-off is earlier than the CCASS Interim Cut-off or CCASS End of Day Cut-off, the arrangements as stipulated in the Operating Procedures shall prevail.

  • A terminal must be a computer or intelligent terminal device (i) which (in the case of the eMBT) is installed with software provided by SWIFT and which can access the eMBT in order to connect to the Clearing House Computer via the SWIFT network, or (ii) which (in the case of the iMBT) can access the iMBT in order to connect to the Clearing House Computer via the HKICL network and/or internet, as the case may be.

  • Thanks to the speech balloon, according to Carrier, “[c]omics […] are essentially a composite art: […] they have verbal and visual elements seamlessly combined” (4).

  • CHATS Payment Instructions Value Forward Day will be stored in the Clearing House Computer and will not be processed or settled until the value day specified.

  • CCP Instructions Value Forward Day will be stored in the Clearing House Computer on receipt.

  • On termination of the process of RTGS Liquidity Optimiser pursuant to Rule 6.13.6, all relevant Selected Payments and any CHATS Transactions (other than CHATS Transactions in respect of Articles) received by Clearing House Computer after commencement of the process of RTGS Liquidity Optimiser will be reinstated in the Normal Queue as if the process of the RTGS Liquidity Optimiser had not been commenced.

  • Direct Credit Instruction Value Forward Day will be stored in the Clearing House Computer and will not be processed or settled until the relevant Supported Forward Day.

Related to Clearing House Computer

  • Clearing House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • Clearing House Rules means the Certificate of Incorporation, the By- Laws and any rule, interpretation, stated policy, or instrument corresponding to any of the foregoing, in each case as adopted or amended from time to time by the Clearing House relating to any or all of the Swaps.

  • ACH means automated clearing house transfers.

  • Electronic toll collection system means a system of collecting tolls or charges which is capable of charging an account holder the appropriate toll or charge by transmission of information from an electronic device on a motor vehicle to the toll lane, which information is used to charge the account the appropriate toll or charge.

  • EFT means electronic funds transfer.

  • Merchant means a company, firm or other organisation accepting either all Cards as a means of payment for goods and/or services or at least one type of Card for business to business transactions.

  • ACH Network means the funds transfer system, governed by the NACHA Rules, that provides funds transfer services to participating financial institutions.