Settlement Guarantee Fund definition

Settlement Guarantee Fund means a fund established and maintained in accordance with the relevant provisions of Bye-Laws, Rules and Regulations.
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Settlement Guarantee Fund means a fund established and maintained in accordance with the relevant provisions of Bye-Laws,
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Settlement Guarantee Fund means a fund established by a clearing and settlement agency in accordance with paragraph (e) of subsection (1) of section twenty-three;
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Examples of Settlement Guarantee Fund in a sentence

  • The Undersigned undertakes to make such contributions to Settlement Guarantee Fund or any other fund pertaining to IEX as and when required by IEX and also comply with all requirements of IEX in respect thereof.

  • The purpose of the facility is to finance the payment of the Company’s liabilities resulting from its membership in the Transactions Settlement Guarantee Fund operated by KDPW CCP.

  • Security deposit, whether initial deposit and additional deposit, paid by the Members shall constitute a part of the Settlement Guarantee Fund (SGF).

  • Clearing Corporation may at its absolute discretion and upon being so authorized by a member consider the unutilized portion of Settlement Guarantee Fund tendered by a member for Securities Segment, towards collateral for CLS Segment.

  • The Undersigned shall not have any objection to create a default reserve fund by transferring a specified amount out of the Settlement Guarantee Fund, as may be decided by the Exchange from time to time, every year to meet the liability of the Undersigned defaulting in paying dues of the Exchange..


More Definitions of Settlement Guarantee Fund

Settlement Guarantee Fund means any such fund as may be established by a central securities depository under section 129.
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Settlement Guarantee Fund or “SGF” means a fund maintained by the Gas Exchange or Clearing Corporation to be used for settlement of defaults of its members as specified in the default remedy mechanism of Gas Exchange or Clearing Corporation and may comprise of any sources of funds as may be determined by the Gas Exchange or Clearing Corporation from time to time;
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Settlement Guarantee Fund means the Calcutta Stock Exchange Settlement Guarantee Fund established and maintained in accordance with the provisions of these Bye-laws for the purpose of guaranteeing trades and transactions in securities by active trading member on C- STAR System in Calcutta Stock Exchange and/or through any other manner permitted by Securities Exchange Board of India (SEBI). It includes the corpus and all other donations, contributions, levies, charges and incomes and properties of SGF to guarantee settlement of deals between the trading members of the Exchange. Subject to the other provisions of the Rules, Bye-Laws and Regulations of the Exchange, the objects of the Fund shall be to guarantee, in accordance with the Rules, Bye-laws and Regulations of the Exchange, the settlement of bonafide transactions of trading members of the Exchange inter-se which form part of the Exchange’s settlement system so as to endeavor to ensure timely completion of Settlements on the Exchange and thereby protect the interest of the investors on the Exchange and the trading members of the Exchange and thereby also inculcate confidence in the minds of investors regarding the expeditious completion of settlements on the Exchange and support the development of the stock market.
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Settlement Guarantee Fund means a fund established by the Bullion Clearing Corporation in terms of the Bullion Exchange Regulations to guarantee the settlement of trades executed on the Bullion Exchange and maintained in accordance with the relevant provisions of the Bye-Laws.
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Settlement Guarantee Fund means a fund established and maintained by a derivatives exchange to strengthen the financial integrity of settlement by the derivatives exchange and used in a manner specified by the rules of the derivatives exchange;
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Settlement Guarantee Fund means a fund established in accordance with these Rules for the purpose of using in case of failure of obligations and dues relevant to clearing and settlement of securities transactions.
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Settlement Guarantee Fund means a fund established and maintained by a futures exchange in accordance with its rules, to strengthen the financial integrity of settlement by the futures exchange and used in a manner specified by the rules of the futures exchange; and
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