Euroclear Collateral definition

Euroclear Collateral means the Collateral Debt Obligations, Exchanged Equity Securities, Securities Lending Collateral, Collateral Enhancement Obligations and Eligible Investments from time to time deposited in Euroclear;
Sample 1Sample 2Sample 3

Examples of Euroclear Collateral in a sentence

  • Section 5.2.4 Corporate Events Article 5.2.4.1Corporate events occurring on the collateralising securities follow Euroclear Collateral Management System’s rules and are managed by the CMS accordingly.

  • Have previously entered into appropriate arrangements with respect to the Euroclear Collateral Management System and the relevant Euroclear Interoperability Agreements and comply with them at all times.

  • Under no circumstances may LCH SA be held liable for any direct or consequential loss suffered by a Clearing Member and due to Euroclear Collateral Management System allocation and settlement procedures.

  • LCH SA sends the Net Position Exposure of each Clearing Member when modified, twice a day, to Euroclear Collateral Management System for automatic allocation of collateralising securities.

  • Have expressly authorised in writing Euroclear Bank and/or Euroclear France to inform LCH SA of any withdrawal, transfer or assignment by itself in any way whatsoever (as security or otherwise) outside the Euroclear Collateral Management System of any Securities which have been allocated as collateral to a Triparty Repo.

  • For each Series of Notes issued under the Programme, the Custodian will appoint MSI plc to act as collateral administrator (in such capacity, the "Collateral Administrator") in respect of the Posted Euroclear Collateral.

  • Have expressly authorised in writing Euroclear Bank and/or Euroclear France to inform LCH SA of any withdrawal, transfer or assignment by itself in any way whatsoever (as security or otherwise) outside the Euroclear Collateral Management System of any Securities which have been allocated as collateral to a Triparty Repo entered into pursuant to this Clearing Rule Book.

  • Section 5.3.2 Event of Default Article 5.3.2.1Where eligible Securities have been allocated as collateral to Triparty Repo Transactions, the withdrawal, transfer or assignment by a Clearing Member in any way whatsoever (as security or otherwise) of such Securities outside the Euroclear Collateral Management System may, at LCH SA’s sole discretion, constitute a Contractual Event of Default in accordance with article 4.5.2.4.

  • For the avoidance of doubt, in respect of Euroclear Collateral Assets, (a) any Margin Transfers and the determination of Collateral Value and Net Exposure shall be carried out by Euroclear, (b) transfers, retransfers, payments and substitutions in respect of Collateral Assets shall be made and (c) Collateral Assets shall be held, each in accordance with the terms of the Collateral Services Agreement.

  • Section 5.3.2 Event of Default Article 5.3.2.1Where eligible Securities have been allocated as collateral to Triparty Repo Transactions, the withdrawal, transfer or assignment by a Clearing Member in any way whatsoever (as security or otherwise) of such Securities outside the Euroclear Collateral Management System may, at LCH.Clearnet SA’s sole discretion, constitute a Contractual Event of Default in accordance with article 4.5.2.4.

Related to Euroclear Collateral

  • Euroclear Sweden means Euroclear Sweden AB, the Swedish central securities depository;

  • Euroclear means Euroclear Bank, S.A./N.V., as operator of the Euroclear system.

  • Euroclear Operator means Euroclear Bank S.A./N.V., as operator of the Euroclear System.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Clearstream, Luxembourg means Clearstream Banking, société anonyme;

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Other Collateral means any additional collateral that Lender customarily would require as security for loan facilities on its own account and risk where the permitted borrowing level is based principally on a borrowing base derived from a borrower’s inventory and accounts receivable, but where such additional collateral does not enter into the borrowing base calculation.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Blocked Account Banks means the banks with whom the Borrowers have entered into Blocked Account Agreements.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • DTC means The Depository Trust Company.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Common Depository has the meaning specified in Section 304(b).

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Collateral has the meaning set forth in Section 2.

  • Borrower Collateral means all of Borrower’s now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.