Shanghai Clearing definition
Examples of Shanghai Clearing in a sentence
Chile Depósito Central de Valores S.A. (DCV) China China Central Depository & Clearing (CCDC) China The Shanghai Clearing House ( SCH) Colombia Deceval (equities) Colombia Deposito Central de Valores (DCV) (government bonds) Costa Rica Interclear Central de Valores, S.A. (CEVAL) Croatia Central Depository & Clearing Company, Inc.
Both parties agree that records in business systems of Shanghai Clearing House serve to express financial products consistent with written request and document keeping requirements as per laws and regulations, and constitute originals which satisfy requirements of relevant laws and regulations.
Both parties acknowledge that records of various holder accounts maintained in business systems of Shanghai Clearing House represent types and quantity of financial products held by such account holders.
The People’s Bank of China, National Development and Reform Commission, China Securities Regulatory Commission, China Central Depository & Clearing Co., Ltd, Shanghai Clearing House.
Under special requirements of relevant regulatory department or overall benefits of financial market, Party A may temporarily or continuously change operation time, temporarily suspend the Shanghai Clearing House’s business systems, or stop offering some services.
Where Party A believes that orders from Party B’s settlement agent are not duly authorized by Party B or may threaten the safety of the Shanghai Clearing House’s business systems, Party A is entitled to reject or delay implementation of such orders, and shall notify Party B without delay.
In other words, they shall authorize Party A to debit or credit to assigned accounts through Payment System, or authorize Party A to debit or credit to assigned special funds settlement accounts opened in Shanghai Clearing House's Business System.
Shanghai Clearing House's Business System refers to systems operated and maintained by Party A, including registration system for registration and settlement, clearing system for clearing service, funds management system for accounting and comprehensive computer system used for other relevant businesses.
Chile Depósito Central de Valores S.A. (DCV) China China Central Depository & Clearing (CCDC) China The Shanghai Clearing House (SCH) Colombia Deceval (equities) Colombia Deposito Central de Valores (DCV) (government bonds) Costa Rica Interclear Central de Valores, S.A. (CEVAL) Croatia Central Depository & Clearing Company, Inc.
Party A may provide relevant competent department, self-disciplinary organization or other agencies with Shanghai Clearing House business systems’ data in accordance with regulatory requirements or self-disciplinary rules of the relevant competent department and self-disciplinary organizations.