Settlement Participant definition

Settlement Participant means a person admitted as a participant under the Settlement Rules.
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Settlement Participant means a participant which maintains an FPS Ledger Account for the purpose of settlement of funds in FPS and “its Settlement Participant” means, in relation to a Clearing Participant, a Settlement Participant with respect to whom it has been agreed with such Clearing Participant that such Settlement Participant shall permit payments by or to such Clearing Participant to be settled through such Settlement Participant’s FPS Ledger Account.
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Settlement Participant. Has the meaning given in the ASX Settlement Operating Rules. Generally, Settlement Participant covers persons that are not Brokers but who satisfy certain eligibility criteria in the ASX Settlement Operating Rules. Term Meaning Sponsor Pirie Street Custodian Ltd (ABN 64 000 000 000, AFSL 240521) or such other Person as the Lender may nominate from time to time. Sponsorship Agreement The agreement between each Security Owner and the Sponsor or the Nominee and the Sponsor, the terms and conditions of which are set out in Part 1, Part 4 and Part 6.
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Examples of Settlement Participant in a sentence

  • In conformity with Paragraph 3 (b)(v) of the PFC Settlement Agreement, the Clearing House maintains a listing (the “PFC Settlement Participant Roster”) of all Airline Participants and Airport Participants that have become parties to the PFC Settlement Agreement.

  • A Settlement Participant may not terminate its FPS Ledger Account while it continues to be a Settlement Participant or while it continues to allow a Clearing Participant to be its Clearing Participant or during the running of any notice given under this Rule.

  • If a PFC Settlement Participant becomes a Delinquent PFC Settlement Participant more than twice within a period of twelve (12) consecutive months, such PFC Settlement Participant shall automatically cease to be eligible to participate in further PFC Settlements.

  • CHESS is operated by ASX Settlement Pty Ltd ABN 49 008 504 532 (“ASX Settlement”) under the ASX Settlement Operating Rules.FNZ Securities is admitted as a General Settlement Participant of ASX Settlement, which means that it is able to control Financial Products on CHESS for you.

  • Such penalty shall be deducted from the PFC Clearing Account of the Delinquent PFC Settlement Participant by the Clearing Bank and paid to the Clearing House.

  • A Clearing Participant shall also at the same time notify its Settlement Participant.

  • Airports who have not chosen to become a PFC Settlement Participant will be listed in the PFC Settlement Participant Roster.

  • Settlement Reports shall be revised to include all amounts due or from such previously Delinquent PFC Settlement Participant.

  • Common Participant means, in respect of an AMO, an AMO Participant which is also a Clearing Participant or a Settlement Participant.

  • Settlement Reports shall be revised to exclude all amounts due or from such Delinquent PFC Settlement Participant.


More Definitions of Settlement Participant

Settlement Participant means any person receiving or handling funds for CIBC or the Beneficiary including but not limited to other financial institutions, CPA and SWIFT and their respective agents and service providers.
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Settlement Participant means a participant of an Approved Settlement Facility who has approval to settle transactions in the facility.
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Settlement Participant means the Settlement Class Member who timely and properly submit a fully executed original Claim and Release Form, and a W-9 Form so that they are postmarked and mailed to the Claims Administrator by the Claim Deadline.
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Settlement Participant means a system participant which can settle transactions on his own account and for other system participants;
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Related to Settlement Participant

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

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

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Participant has the meaning specified in Section 10.06(d).

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Key participant means a sole proprietor, a partner in partnership, or a person with executive managerial control in a corporation. A person with executive managerial control includes persons such as a chief executive officer, chief operating officer and chief financial officer. This definition does not include non-executive managers such as farm, field, or shift managers.

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

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Other Participant means a cooperative project participant other than the United States.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Major Participant means each Equity Member and each member of the Proposer’s organization: (a) with primary responsibility for design; (b) with primary responsibility for construction; or (c) with a proposed subcontract with a value greater than or equal to 5% of the contract price or $20 million, whichever is greater.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

  • Auction Participant or “Bidder” means a Person or Persons who submitted a bid as per the E- Auction Process Memorandum; and shall include a Qualified Bidder or the Successful Bidder and as the context requires;

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Employee Participant means an Employee who holds an outstanding Award under the terms of the Plan.