securities settlement system definition
securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;
securities settlement system means a system that enables securities to be transferred and settled by book entry according to a set of predetermined multilateral rules.
securities settlement system means the securities settlement system operated by the NBB or any successor thereto;
More Definitions of securities settlement system
securities settlement system. (SSS) means a securities settlement system as defined in point (10) of Article 2(1) of Regulation (EU) No 909/2014, which allows the transfer of securities, either free of payment (FOP), or against payment (delivery versus payment (DVP));
securities settlement system means a securities settlement system as defined in Article 2(1), point (10), of Regulation (EU) No 909/2014;
securities settlement system means a system which:
securities settlement system. (SSS) means a system which allows the transfer of securities, either free of payment (FOP), or against payment (delivery-versus-payment);
securities settlement system means a system under the first and second indents of point (a) of Article 2 of Directive 98/26/EC that is not operated by a central counterparty whose activity consists of the execution of transfer orders as defined in the second indent of point (i) of Article 2 of Directive 98/26/EC;
securities settlement system means a computer-based system, and procedures, which enable title to units of a security to be evidenced and transferred without a written instrument, and which facilitate supplementary and incidental matters.
securities settlement system means the clearing system operated by Euroclear SA/NV or any successor thereto.