Clearing System Business Day definition

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.
Clearing System Business Day means, in respect of a Clearing System, any day on which such Clearing System is (or, but for the occurrence of a Settlement Disruption Event, would have been) open for the acceptance and execution of settlement instructions.
Clearing System Business Day means a day on which the Relevant Clearing System is open for the purpose of effecting settlement of ETP Securities. "Clearstream, Luxembourg" means Clearstream Banking, S.A., Luxembourg and any successor thereto.

Examples of Clearing System Business Day in a sentence

  • So long as the Notes are held in global form, all payments in respect of the Global Note will be made to the Holder thereof as of the close of business (of the relevant clearing system) on the Clearing System Business Day before the due date for such payments, where “Clearing System Business Day” means a weekday (Monday to Friday, inclusive) except December 25 and January 1.


More Definitions of Clearing System Business Day

Clearing System Business Day means a day on which the Relevant Clearing System is open for the purpose of effecting settlement of ETP Securities.
Clearing System Business Day means a day on which each clearing system for which the Global Note Certificate is being held is open for business;
Clearing System Business Day means a day on which Euroclear and Clearstream, Luxembourg are open for business.
Clearing System Business Day means a day on which each clearing system for which this Unrestricted Global Instrument Certificate is being held is open for business. Each payment so made will discharge SEK’s obligations in respect of Instruments represented by this Unrestricted Global Instrument Certificate.
Clearing System Business Day means any day other than (i) Saturdays and Sundays and (ii) 1 January and 25 December;
Clearing System Business Day means, in respect of a Relevant Clearing System, any day on which such Relevant Clearing System is open for the acceptance and execution of settlement instructions.
Clearing System Business Day means a day on which each Clearing System for which any global security is being held is open for business.