Settlement Organization definition

Settlement Organization means an organization performing cash settlement of trades upon their clearing. The list of Settlement Organizations is available on NSD’s official web site at www.nsd.ru.
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Settlement Organization means an organization that settles transactions with financial instruments under orders from a clearing house and (or) the stock exchange’s document that confirms the transaction execution, and (or) another document accepted by the settlement organization as a ground for settlements in accordance with its rules. Third-party entities mean Custodian, Counterpart, Nominal Holder, and Settlement Organization. Transactions with the Central counterparty mean the sales and repo transactions with financial instruments whereby the Exchange makes the clearing business acting as a central counterparty in a stock market.
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Related to Settlement Organization

  • Procurement organization means an eye bank, organ procurement organization, or tissue bank.

  • Parent organization means the Insured Organization first named in Item I of the Declarations.

  • Organ procurement organization means a person designated by the Secretary of the United States Department of Health and Human Services as an organ procurement organization.

  • Student organization means a group, club or organization having students as its primary members or participants. It includes grade levels, classes, teams, activities or particular school events. A student organization does not have to be an official school organization to come within the terms of this definition.

  • ADR Organization means The American Arbitration Association or, if The American Arbitration Association no longer exists or if its ADR Rules would no longer permit mediation or arbitration, as applicable, of the dispute, another nationally recognized mediation or arbitration organization selected by the Sponsor.