Indirect Participant definition

Indirect Participant means a Person who holds a beneficial interest in a Global Note through a Participant.
Indirect Participant means an entity that, with respect to any Depositary, clears through or maintains a direct or indirect, custodial relationship with a Participant.

Examples of Indirect Participant in a sentence

  • Any Definitive Security issued in exchange for a beneficial interest in a Restricted Global Security of the same series pursuant to this Section 3.2(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Security Registrar through instructions from the Depositary and the Participant or Indirect Participant.

  • Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction.

  • Any Definitive Security issued in exchange for a beneficial interest pursuant to this Section 3.2(c)(iv) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Security Registrar through instructions from or through the Depositary and the Participant or Indirect Participant.


More Definitions of Indirect Participant

Indirect Participant means a Person who holds an interest through a Participant.
Indirect Participant means a Person that, by clearing securities through, or maintaining a custodial relationship with, a DTC Participant, has access to the DTC clearing system.
Indirect Participant means any financial institution for whom any Direct Participant holds an interest in any Note.
Indirect Participant means a Person who holds a Book-Entry Interest in a Global Note through a Participant.