Clearing Systems definition
Examples of Clearing Systems in a sentence
Operational InformationRelevant Clearing System(s): Monte Titoli.
Any failure to make the entries in the records of the relevant Clearing Systems referred to herein shall not affect such discharge.
Any option of the Issuer provided for in the Conditions shall be exercised by the Issuer giving notice to the Noteholders and the relevant Clearing Systems (or procuring that such notice is given on its behalf) within the time limits set out in and containing the information required by the Conditions, except that the notice shall not be required to contain the serial numbers of Notes drawn in the case of a partial exercise of an option and accordingly no drawing of Notes shall be required.
Neither the Issuer nor the Fiscal Agent will have any responsibility or liability for any aspect of the records relating to or payments made by DTC, Euroclear or Clearstream (together, the “Clearing Systems”) on account of beneficial ownership interests in the Global Securities or for maintaining, supervising or reviewing any records of the Clearing Systems relating to such beneficial ownership interests.
Operational InformationRelevant Clearing System(s): Euroclear and Clearstream Luxembourg.