Direct Participants definition

Direct Participants means each person shown in the records of the Clearing Systems as a holder of the Securities;

Direct Participants means securities brokers and dealers, banks, trust companies and clearing corporations, and may include certain other organizations which access the DTC system directly.

Direct Participants means the participants that deposit securities with DTC;

Examples of Direct Participants in a sentence

• Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time.

• Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations.

• DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants’ accounts.

• Purchases of Securities under the DTC system must be made by or through Direct Participants, which will receive a credit for the Securities on DTC's records.

• DTC has no knowledge of the actual Beneficial Owners of the Securities; DTC's records reflect only the identity of the Direct Participants to whose accounts such Securities are credited, which may or may not be the Beneficial Owners.

More Definitions of Direct Participants

Direct Participants shall have the meaning assigned to such term in Section 3.5(c).

Direct Participants means those broker-dealers, banks and other financial institutions from time to time for which DTC holds the Bonds as securities depository.

Direct Participants means those broker-dealers, banks and other financial institutions for which DTC holds the 2003 Bonds as securities depository.

Direct Participants means Noteholders who, as accountholders, hold their interests in Global Notes directly through Euroclear or Clearstream.

Direct Participants means institutions that have accounts with DTC, Euroclear and/or Clearstream.

Direct Participants means, in the case of a Class of Share utilising arrangements with Clearing Systems, Shareholders (i) having their own accounts with one or more Clearing System; and (ii) having their Shares credited to such accounts and ‘Direct Participant’ shall be construed accordingly.

Direct Participants means each person who is shown in the records of a