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 an entity that enables securities to be transferred and settled by book entry and allows transfers of securities free of or against payment.
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 system which:
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 under the first, second and third 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;
securities settlement system means a system that:
securities settlement system means a securities settlement system as defined in Article 2(1), point (10), of Regulation (EU) No 909/2014;