indirect link definition
indirect link means an arrangement between a CSD and a third party other than a CSD, that is a participant to the securities settlement system of another CSD. Such link is set up by a CSD in order to facilitate the transfer of securities to its participants from the participants of another CSD;
indirect link means an arrangement between a central securities depository and a third party that is a participant in the securities settlement system of another central securities depository, where such depository link is set up by the former central securities depository to facilitate the transfer of securities to its participants from the participants of the latter central securities depository;
indirect link means an arrangement between a CSD or third-country CSD and a third party other than a CSD or third-country CSD, that is a participant in the SSS of a CSD or third-country CSD. Such a link is set up by a CSD or third-country CSD in order to facilitate the transfer of securities to its participants from the participants of another CSD or third- country CSD;