Settlement Day definition

Settlement Day means the Business Day which is 2 Business Days after the relevant Dealing Day (or such Business Day as is permitted in relation to such Dealing Day pursuant to the Operating Guidelines) or such other number of Business Days after the relevant Dealing Day as determined by the Manager in consultation with the Trustee from time to time and notified to the relevant Participating Dealers or as otherwise described in the relevant Appendix.

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Settlement Day means, in relation to a date, (i) with respect to a transfer of cash or other property (other than securities), the next Local Business Day and (ii) with respect to a transfer of securities, the first Local Business Day after such date on which settlement of a trade in the relevant securities, if effected on such date, would have been settled in accordance with customary practice when settling through the clearance system agreed between the parties for delivery of such securities or, otherwise, on the market in which such securities are principally traded (or, in either case, if there is no such customary practice, on the first Local Business Day after such date on which it is reasonably practicable to deliver such securities).

Settlement Day means the next Local Business Day after the Demand Date”.

Examples of Settlement Day in a sentence

• Notice for the exercise of the European Option, unless otherwise agreed in written agreement, only shall be made by the Buyer on the Due Day, and the European Option agreement shall be exercised during the agreed time period on the agreed Due Day and shall be fulfilled on the Settlement Day.

• When the Buyer exercises the Call Option, the Seller shall sell the specified Currency amount of the Option to the Buyer on the Settlement Day while the Buyer shall pay the Seller the other Currency amount of the Option.

• In the event of Spot rate greater (or less) than Forward rate on product Settlement Day, then absolute value of the result of "notional amount x (Spot rate - Forward rate)" valued in [Currency 2] is Customer's potential settlement gains from the transaction.

• Notice for the exercise of the American Option, unless otherwise agreed in written agreement, shall be made by the Buyer during the business hours on any Business Day, from the date of the Option transaction agreed by both parties to the due date that is deemed as the day when the Seller receives the notice, and the Option agreement shall be fulfilled on the Settlement Day.

• The Customer buys in (or sells out) agreed notional amount in {Currency 1}, and sells out (or buys in) agreed notional amount in [Currency 2] on Forward Settlement Day In the event of Spot rate less (or greater) than Forward rate on product Settlement Day, then absolute value of the "notional amount x (Spot rate - Forward rate)" valued in [Currency 2] is Customer's potential settlement losses from the transaction.

More Definitions of Settlement Day

Settlement Day means the next Local Business Day after the Demand Date.

Settlement Day means a Business Day in respect of the relevant Dealing Day pursuant to the Operating Guidelines or such other Business Days in respect of the relevant Dealing Day as determined by the Manager in consultation with the Trustee from time to time and notified to the relevant Participating Dealers, either generally or for a particular class or classes of Units.

Settlement Day means the Business Day which is two Business Days after the relevant Dealing Day (or such other Business Day after the relevant Dealing Day as permitted pursuant to the Operating Guidelines) or such other number of Business Days after the relevant Dealing Day as the Manager, in consultation with the Trustee, may from time to time determine and notify to the Participating Dealers, either generally or for a particular class or classes of Units.

Settlement Day means any day on which TARGET (the Trans-European Automated Real-time Gross Settlement Express Transfer System) is open which is also a day on which banks in New York City are open for business.

Settlement Day means the period from 00:00 hours to 24:00 hours on each calendar day;

Settlement Day means the calendar day on which Settlement shall occur, either by movement of cash for cash-settlement or by delivery versus payment for Physical Settlement in accordance with Clearing House Regulations and as further specified in the relevant Contract Specification.

Settlement Day means, in respect of a delivery month, the first market day