Relevant Clearing System definition

Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.
Relevant Clearing System means Euroclear and/or Clearstream, Luxembourg and/or any other clearing system (other than Monte Titoli) specified in the relevant Final Terms as a clearing system through which payments under the Covered Bonds may be made;
Relevant Clearing System means one or more Clearing Systems;

Examples of Relevant Clearing System in a sentence

  • The Global Bearer Security relating to Bearer Securities is exchangeable (free of charge to the holder) on or after the Exchange Date in whole but not in part for Definitive Securities if the Global Bearer Security is held on behalf of a Relevant Clearing System and the Relevant Clearing System is closed for business for a continuous period of 14 calendar days (other than by reason of holidays, statutory or otherwise) or announces an intention permanently to cease business or does, in fact, do so.

  • None of the Issuer, the Trustee, the Agents or the Margin Loan Provider will have any responsibility for the performance by the Relevant Clearing System (or its participants or indirect participants) of any of their respective obligations under the rules and procedures governing their operations.

  • The Issuer's obligation under this clause shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the Issuer agrees that a Relevant Account Holder may assign its rights under this Deed in whole or in part.

  • The custodian will hold the Underlying Securities through the Relevant Clearing System.

  • Rights in the Underlying Securities will be held through custodial and depositary links through the Relevant Clearing System.


More Definitions of Relevant Clearing System

Relevant Clearing System means either Clearstream Luxembourg or Euroclear and "Relevant Clearing Systems" means both Clearstream Luxembourg and Euroclear collectively.
Relevant Clearing System means, as appropriate, Euroclear SA/NV ("Euroclear"), Clearstream, Luxembourg, société anonyme ("Clearstream Luxembourg") and/or such other relevant clearing system, as the case may be, through which interests in Notes are to be held and through an account at which the Notes are to be cleared, as specified in the applicable Final Terms;
Relevant Clearing System means, as appropriate, Euroclear and/or Clearstream, Luxembourg and/or such other relevant clearing system, as the case may be, through which interests in Notes are to be held and through an account at which the Notes are to be cleared, as specified in the applicable Pricing Supplement;
Relevant Clearing System means, as appropriate, Euroclear and/or Clearstream, as the case may be, through which interests in Securities are to be held and/or through an account at which such Securities are to be cleared.
Relevant Clearing System means [Each Clearing System through which this Series of ETC Securities is to be specified in Final Terms].
Relevant Clearing System means Clearstream, Frankfurt. “Relevant Date” has the meaning given to it in Condition 13.
Relevant Clearing System means Clearstream Banking Frankfurt or any other recognised clearing system in which Notes of a Series may be cleared.