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.
Sample 1Sample 2Sample 3

Examples of Settlement Organization in a sentence

  • After transferring cash funds to the clearing banking account of the Clearing House, registered in the Settlement Organization, and recording it as assets, posted into an asset pool, the Clearing House obtains an obligation to return assets from an asset pool to a Clearing Member.

  • Settlements are made in a Central Securities Depository or in any other relevant Securities Settlement Organization designated by the Member and recognized by Nasdaq Nordic.

  • The suspension of the activity license issued to Payment and Settlement Organization shall be deemed phased out on the day following the expiration of suspension of the activity license as determined under the decision of the Central Bank.

  • If the manager, who has been registered with the Central Bank in the past, applies for being registered as manager (in the same or another Payment and Settlement Organization), he/she shall be invited to the Central Bank’s licensing and supervision committee meeting, if the Central Bank considers it necessary.

  • The position(s) of manager(s) of Payment and Settlement Organization may be taken by acting manager(s) and/or remain vacant no more than 3 months from the date of dismissal of the manager(s) of Payment and Settlement Organization.(paragraph 84 edited under CBA Board Resolution No. 355-N, dated 16.12.2014) 85.

  • The following are major legal basis instruments: • Peruvian Securities Market Law (LMV, the Spanish acronym) • Securities Payment and Settlement System Law (LSP), • Rules for Securities Clearing and Settlement Organization (RICLV), • Rules for Payment Systems (RSP), Rules for Securities Settlement Systems (RSLV) • Rules for Stock Exchange Floor Transactions and Supplementary Provisions.

  • After the liabilities in respect of the creditors are fulfilled, Payment and Settlement Organization shall report about it to the Central Bank within a 3-day period.

  • To open branch offices, Payment and Settlement Organization shall be required to present them to the Central Bank so that the latter is able to keep records thereof.

  • Each Settlement Day before the Trading starts, the Clearing House forwards to the Settlement Organization the request for extracts in respect of trading banking accounts, in response to which the Settlement Organization transfers to the Clearing House the extract in respect of trading banking accounts.

  • With our resolution in this case, that issue loses much of its relevance.

Related to Settlement Organization

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

  • Parent organization means the entity named in Item I. of the Policy 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.

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.

  • Stewardship organization means an organization, association, or

  • Tribal organization means the elected governing body of any Indian tribe or any legally established organization of Indians that is controlled by one or more such bodies or by a board of directors elected or selected by one or more such bodies (or elected by the Indian population to be served by such organization) and that includes the maximum participation of Indians in all phases of its activities; and

  • Review organization means a disability insurer regulated

  • Constituent organization means an organization that is party to a merger.

  • Indian organization means the governing body of any Indian tribe or entity established or recognized by the governing body of an Indian tribe for the purposes of 25 U.S.C., chapter 17.

  • Financial organization means any bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, savings and loan association, credit union, cooperative bank, small loan company, sales finance company, investment company, or any type of insurance company.

  • Fraternal organization means an organization, except a school fraternity, which is a

  • Educational organization means a nonprofit public or private elementary or

  • international organization shall have the meanings set forth in Section 7701 of the Code or successor provisions.

  • Lead organization means a trade organization, labor organization or other incorporated entity representing a group of businesses that is the applicant for a business network project.

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Arbitration organization means an association, agency, board, commission, or other entity that is neutral and initiates, sponsors, or administers an arbitration proceeding or is involved in the appointment of an arbitrator.

  • Health care organization ’ means any person or en-

  • Tax-Exempt Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

  • Foreign organization means an organization created under laws other than the laws of this state for a purpose for which an organization may be created under the laws of this state.

  • Supervised financial organization means a person, other than an insurance company or other organization primarily engaged in an insurance business:

  • Provider Organization means a group practice, facility, or organization that is:

  • Banking organization means a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, or any organization defined by law as a bank or banking organization.

  • Religious organization means a church, ecclesiastical corporation, or group, not organized for pecuniary profit, that gathers for mutual support and edification in piety or worship of a supreme deity.

  • Credit union service organization means an organization, corporation, or association whose membership or ownership is primarily confined or restricted to credit unions or organizations of credit unions and whose purpose is primarily designed to provide services to credit unions, organizations of credit unions, or credit union members.