securities settlement system definition

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 a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

securities settlement system means an entity that enables securities to be transferred and settled by book entry and allows transfers of securities free of or against payment.

Examples of securities settlement system in a sentence

• Notices to the holders shall be valid if delivered by or on behalf of the Issuer to the NBB for communication by it to the participants of the Securities Settlement System.

• Payments in respect of Securities For so long as the Securities are held in the Securities Settlement System, payments in respect of the Securities shall be made to holders who have delivered to the Agent evidence satisfactory to the Agent that they are a holder.

• Any such notice shall be deemed given on the date and at the time it is delivered to the Securities Settlement System.

• The Securities can be held by their holders through the participants in the Securities Settlement System, including Euroclear Bank SA/NV (“Euroclear”) and Clearstream Banking société anonyme (“Clearstream Luxembourg”) and through other financial intermediaries which in turn hold the Securities through Euroclear and Clearstream Luxembourg or other participants in the Securities Settlement System.

More Definitions of securities settlement system

securities settlement system means the securities settlement system operated by the NBB or any successor thereto;

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 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 a system as defined in Article 2(a) of Directive 98/26/EC for the execution of transfer orders related to title to or interest in a security or securities by means of a book entry on a register, or otherwise. ‘Service Description’ means the description of the T2S Services, contained in Schedule 5. ‘Service Level’ means level of performance of a T2S Service that Schedule 6 and that the Contracting CSD requires to deliver its services to its customers. ‘Service Level Agreement (SLA)’ means the agreement defining the Service Levels, measured against agreed KPIs where relevant, to be provided by the Eurosystem to the Connected NCBs, as specified in Schedule 6 and in relation to T2S Services.

securities settlement system means a system which:

securities settlement system means a system that: