Intermediated definition

Intermediated means a Trading Protocol whereby MACL is interposed as a trading counterparty Participant to the Transaction on a matched (or riskless) principal basis. All Intermediated Protocols are subject to Appendix 1 (Clearly Erroneous Trade Policy) and Appendix II (Open Trading Terms);
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Examples of Intermediated in a sentence

  • In respect of the Notes held in the form of Intermediated Securities, the holders of such Notes will be the persons holding the Notes in a securities account (Effektenkonto) which is in their own name or, in the case of intermediaries (Verwahrungsstellen), the intermediaries (Verwahrungsstellen) holding the Notes for their own account in a securities account (Effektenkonto) which is in their own name.

  • Once the Uncertificated Securities are registered in the Main Register of the Clearing System and entered into the accounts of one or more participants of the Clearing System, the Products will constitute intermediated securities (Bucheffekten) ("Intermediated Securities") in accordance with the provisions of the Swiss Federal Intermediated Securities Act (Bucheffektengesetz).

  • Once the Swiss Global Note has been deposited with the Intermediary and the relevant interests in the Swiss Notes (as defined below) entered into the accounts of one or more participants of the Intermediary, the Bearer Notes represented thereby will constitute intermediated securities (Bucheffekten) within the meaning of the Swiss Federal Intermediated Securities Act (Bucheffektengesetz) (Intermediated Securities).

  • Once the Uncertificated Notes are registered in the main register of the Intermediary and entered into the accounts of one or more participants of the Intermediary, the Uncertificated Notes will constitute Intermediated Securities.

  • Definitive Bearer Swiss Certificates will not be included in the records of the Intermediary and, therefore, will not constitute Intermediated Securities.

  • In the case of Bearer Notes represented by a Swiss Global Note, each holder of the Bearer Notes shall have a quotal co-ownership interest (Miteigentumsanteil) in the Swiss Global Note to the extent of its claim against the Issuer, provided that for so long as the Swiss Global Note remains deposited with the Intermediary and the Bearer Notes represented thereby qualify as Intermediated Securities, the co-ownership interest shall be suspended.

  • In respect of the Notes held in the form of Intermediated Securities, the ultimate beneficiaries in respect of the Notes will be the persons holding the Notes in a securities account (Effektenkonto).

  • In respect of the Swiss Domestic Covered Bonds held in the form of Intermediated Securities, the holders of the Swiss Domestic Covered Bonds will be the persons holding the Swiss Domestic Covered Bonds in a securities account.

  • So long as the Products remain registered with the Clearing System, the Products may only be transferred or otherwise disposed of in accordance with the provisions of the Swiss Federal Intermediated Securities Act (Bucheffektengesetz), i.e., by the entry of the transferred Products in a securities account of the transferee.

  • In respect of the Notes held in the form of Intermediated Securities, the holders of such Notes will be the persons holding the Notes in a securities account in their own name and for their own account.