Clearing Network definition

Clearing Network means SEI’s proprietary Mutual Fund Clearing Network capability, which enables the automated processing of mutual fund transactions and related accounting, reconciliation, income payment, confirmation, and settlement activity.
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Examples of Clearing Network in a sentence

  • When a payer initiates a payment through a participating billpay system, the payment may be translated into an electronic funds transfer to the applicable Clearing Network accompanied by associated payment information.

  • Customer acknowledges and agrees that the services to be provided through hereunder are dependent on the TRUST 3000 System, the Clearing Network, and other third party systems utilized by SEI and its Affiliates all being fully operational, and that any and all such services may not be available at all times, including during regularly scheduled maintenance periods.

  • The execution, delivery and performance of this Agreement and each of the Shareholder Documents, and the consummation of the Transactions, has been duly authorized and approved by all required action on the part of the shareholders of the Sellers.

  • References hereafter to “RPPS” will be deemed to refer to us and/or a replacement Clearing Network as may be appropriate in the context.

  • Except for fraud or willful misconduct on the part of SEI, its agents, directors, officers or employees, SEI’s aggregate liability for any and all claims arising under or in connection with this Agreement that relate to the services provided or to be provided via the Clearing Network under this Agreement shall not exceed six months of the fees paid by Customer for such services.

  • In the event SEI develops or obtains a new product or a new process to replace the Clearing Network, SEI may use such product or process to provide Customer with services functionally equivalent to those provided hereunder.

Related to Clearing Network

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Clearing Systems means Euroclear and Clearstream, Luxembourg;

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

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

  • Open Wireless Network means any network or segment of a network that is not designated by the State of New Hampshire’s Department of Information Technology or delegate as a protected network (designed, tested, and approved, by means of the State, to transmit) will be considered an open network and not adequately secure for the transmission of unencrypted PI, PFI, PHI or confidential DHHS data.