settlement obligation means an indebtedness that is owed by one system participant to another as a result of one or more settlement instructions;
settlement obligation means an indebtedness that is owed by a system participant to another system participant as a result of a settlement instruction;
settlement obligation means an indebtedness by one settling participant to another as a result of one or more settlement instructions;
More Definitions of settlement obligation
settlement obligation means the amount due to be settled as a result of payments, securities or other financial instruments;
settlement obligation means the obligation to complete the sale and purchase of Securities together with all obligations ancillary to such completion, including the obligations owed to:
settlement obligation means any f4rm of indebtedness that is owed by one participant in a recognised payment system to another such participant and which is to be discharged through a settlement system;
settlement obligation means an indebtedness that is owed by one participant to another resulting either from a single payment instruction processed and submitted for settlement on a gross basis, or from multiple payment instructions originating from an approved payment clearing arrangements;
settlement obligation means an indebtedness that is owed by one system 20participant to another as a result of one or more settlement instructions; (xviii)
settlement obligation means, in respect of a Transaction, the Member must honour any instruction in order to ensure the settlement of any obligation, be it in cash or by physical delivery of any Eligible Products;
settlement obligation is defined in Section 3.08(b)(i).