FPS Operating Procedures definition

FPS Operating Procedures means the operating procedures issued by HKICL pursuant to Rule 2.4 and for the time being in force.
Sample 1Sample 2Sample 3

Examples of FPS Operating Procedures in a sentence

  • If any Participant’s use of the FPS Facilities has been refused or suspended, HKICL shall, as soon as practicable thereafter, notify all other Participants by a broadcast in the manner provided in the FPS Operating Procedures and thereafter all other Participants shall not initiate any other FPS Instructions involving the Participant for which FPS Facilities are refused or suspended while such refusal or suspension shall continue in effect.

  • Each Participant must comply with the rules and guidelines as stipulated in these FPS Rules and the FPS Operating Procedures relating to the use of eDDA Service.

  • Participants may utilise such proprietary information of HKICL solely for the purposes of performing administrative functions relating to FPS Instructions, and in accordance with the FPS Rules and the FPS Operating Procedures.

  • These FPS Rules and the FPS Operating Procedures are binding on the Participants.

  • Participants shall comply with and observe these FPS Rules and the FPS Operating Procedures (as amended from time to time and insofar as the Participant participates in an activity that is a subject matter of the FPS Operating Procedures) from time to time in force.

  • Each Clearing Participant agrees that its Settlement Participant can adjust its available balance in accordance with the FPS Operating Procedures.

  • If a Direct Debit Instruction cannot be effected or settled under the above circumstances, the relevant Direct Debit Instruction will be rejected immediately except in the case specified in the FPS Operating Procedures.

  • When an FPS Optimiser process starts, eligible FPS Transactions, comprising FPS Transactions that are initiated by Credit Transfer Instructions or Direct Debit Instructions (including those initiated for the return of FPS Transactions) and which are accepted for settlement and selected through the FPS Optimiser as specified in the FPS Operating Procedures will be extracted (“Selected Payments”) and processed according to the following provisions in Rule 6.7.

  • HKICL shall incur no liability to any Relevant Person for the consequences of acting on these FPS Rules or the FPS Operating Procedures or any such notice or advice given or purportedly given to any Relevant Person pursuant to this Rule 5.

  • All Participants must be connected to the FPS Console as provided in Rule 6.6 to perform operation, administrative and monitoring functions as the case may be related to FPS Instructions as stipulated in the FPS Operating Procedures.

Related to FPS Operating Procedures

  • Operating Procedures means the standard internal operating procedures and compliance policies established by the Company to implement the Compliance Plan.

  • Policies and Procedures means the written policies and procedures of the Client in any way related to the Services, including any such policies and procedures contained in the Organic Documents and the Offering Documents.

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • Safety Management System has the meaning given to it in the ISM Code.