Fed Book-Entry System definition

Fed Book-Entry System. The book-entry system of the Federal Reserve Banks which provides book-entry holding and settlement for U.S. dollar denominated securities issued by the U.S. Government, certain of its agencies, instrumentalities, government-sponsored enterprises and international organizations of which the United States is a member.
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Fed Book-Entry System means the book-entry system of the Federal Reserve Banks.
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Examples of Fed Book-Entry System in a sentence

  • The Participant understands and acknowledges that the Transfer Agent will not effect a creation or redemption until it has received confirmation of receipt of the Participant’s incoming security transfer and/or cash through the Trust’s Clearing Process, Fed Book-Entry System, Euroclear and/or DTC in the case of a creation, and through the Trust’s Clearing Process, Euroclear and/or DTC in the case of a redemption.

  • The Participant may place orders for the creation or redemption of Creation Units through the Trust’s Clearing Process, the Fed Book-Entry System and/or DTC or Euroclear, subject to the procedures for creation and redemption referred to in Sections 2 and 3 of this Agreement and the procedures described in Attachments A and A-1 hereto.

  • U.S. dollar denominated Debt Securities issued and maintained in book-entry form on the Fed Book-Entry System.

  • The Federal Reserve Banks shall act only upon the instructions of the Holder in recording transfers of a Debt Security maintained on the Fed Book-Entry System.

  • Such transfers shall occur between Holding Institutions in accordance with the rules of the Fed Book-Entry System.

  • Transfers of Fed Book-Entry Debt Securities shall take place only in book-entry form on the Fed Book-Entry System.

  • After initial issue, all Fed Book-Entry Debt Securities shall continue to be held by such Holding Institutions in the Fed Book-Entry System unless arrangements are made for the transfer thereof to another Holding Institution.

  • Fed Book-Entry Debt Securities shall be issued and maintained only on the Fed Book-Entry System.

  • Transfers of Discount Notes shall take place only in book-entry form on the Fed Book-Entry System.

  • Discount Notes shall clear and settle only through the Fed Book-Entry System.

Related to Fed Book-Entry System

  • Book-Entry System means the Federal Reserve/Treasury book-entry system for receiving and delivering securities, its successors and nominees.

  • Book-Entry Only System means the book-based securities system administered by CDS in accordance with its operating rules and procedures in force from time to time;

  • Federal Reserve Bank Book-Entry System means a depository and securities transfer system operated by the Federal Reserve Bank of the United States on which are eligible to be held all United States Government direct obligation bills, notes and bonds.

  • Federal Book Entry Security means an obligation (i) issued by the U.S. Treasury, the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association, or any other direct obligation of, or obligation fully guaranteed as to timely payment of principal and interest by, the United States of America, that is a book-entry security held through the Federal Reserve System pursuant to federal book entry regulations, and (ii) the perfection of a security interest in which is governed pursuant to federal regulations by Article 8 of the UCC.

  • Depository System Participant means any participant in the Depository’s book- entry system.