Settlement Member definition

Settlement Member means an entity that has been approved as a Settlement Member of CLS Bank.
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Settlement Member means themember of a self-help settlement or the member of a co-operative settlement, as the case may be.
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Settlement Member means an entity that has been approved as a Settlement Member of CLS Bank, and appointed by Clearing Corporation for providing CLS Third Party service.
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Examples of Settlement Member in a sentence

  • The services of Clearing Corporation under these Regulations are subject to CLS Bank’s and Settlement Member Bank’s documents.

  • Settlement Member: a person who has obtained the Centre membership of settlement category.Share: a share of any company, wherever incorporated.

  • In all cases, no transactions may be executed for the relevant Custody Member Accounts from the date of suspending the connectivity of the Settlement Member until a substitute Settlement Member has been connected to.

  • National Security Planning Directive (NSPD) XX4 This model, still in draft, was designed to replace the PDD 56 model.

  • Technically outstanding certification schemes do not bring value to the market if they are not widely used.

  • Each of such Custody Members must, within (10) days from its knowledge of the cancelation, connect to a substitute Settlement Member.

  • The Settlement Member may engage with one or more Custody Members for the purpose of performing Cash Settlement of transactions effected on such Custody Members Accounts.

  • The Settlement Member must take all necessary actions to perform the Cash Settlement, in accordance with the mechanism and settlement cycles referred to in Chapter II of Section Three of these Rules, for all transactions executed for the Custody Members Accounts to whom it is connected to.

  • The Settlement Member must ensure its ability to pay the Cash Settlement Limit which has been entered in the Depository and Settlement System.

  • For the purposes of this Paragraph, the net cash amount due on the Settlement Member shall mean: the total outstanding amounts of all purchase transactions to be settled and which have been allocated to the Custody Member Accounts of the Custody Members to whom Settlement Member is connected to, minus the total outstanding amounts of all sale transactions to be settled and which have been allocated to the same Custody Member Accounts.


More Definitions of Settlement Member

Settlement Member means an individual who is a member of a settlement; “settlement council” means the council of a settlement;
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Related to Settlement Member

  • Management Member means any Member that is an employee of the Company or any of its Subsidiaries.

  • Student Member means the member of ICCB who has been selected by ICCB's Student Advisory Committee. The student member has all the privileges of membership defined in Section 2-3 of the Act.

  • Independent Member of the board means a member of the board who has no business, family or other relationship that raises a conflict of interests regarding the CCP concerned or its controlling shareholders, its management or its clearing members, and who has had no such relationship during the five years preceding his membership of the board;

  • Unit Member refers to any employee who is included in the certificated employees' bargaining unit and, therefore, covered by the terms and provisions of this Agreement.

  • Management Members shall have the meaning set forth in the introductory paragraph of this Agreement.

  • Bargaining Unit Member or “employee” means a University employee who is included in the bargaining unit as defined in Article 2: “Recognition and Scope”.

  • Agent Member means any member of, or participant in, the Depositary.

  • Agent Members has the meaning provided in Section 2.07(a).

  • Relevant Member State means each Member State of the European Economic Area which has implemented the Prospectus Directive, except Luxembourg; and

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • Bankrupt Member means a Member who: (i) has become the subject of a decree or order for relief under any bankruptcy, insolvency or similar law affecting creditors' rights now existing or hereafter in effect; or (ii) has initiated, either in an original proceeding or by way of answer in any state insolvency or receivership proceeding, an action for liquidation, arrangement, composition, readjustment, dissolution, or similar relief.

  • host Member State means the Member State other than the home Member State in which a payment service provider has an agent or a branch or provides payment services;

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Study Participant means a person recruited to participate in the Study.

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Deferred member means a person who elected to receive deferred vested retirement

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Co-opted Member means a person who is not a member of the authority but who-

  • Inactive member means a member of the pension program or the individual account pro-

  • Participating member means an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • Subject Member means an elected member or co-opted member of the County Council against whom a complaint has been made alleging a breach the Code of Conduct.

  • Withdrawn Member means a Member whose interest in the Company has been terminated for any reason, including the occurrence of an event specified in Section 6.2, and shall include, unless the context requires otherwise, the estate or legal representatives of any such Member.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • lay member means a member of the Authority, who is not, nor has been: