SIPS operator definition

SIPS operator means the legal entity legally responsible for operating a SIPS;

Examples of SIPS operator in a sentence

  • These rules and procedures shall address the allocation of potentially uncovered losses, including the repayment of any funds a SIPS operator may borrow from liquidity providers.

  • A SIPS operator shall establish rules and procedures to address losses directly resulting from defaults by one or more participants on their obligations to the SIPS.

  • A SIPS operator with access to central bank accounts, payment services or securities services shall use these services, where practicable.

  • A SIPS operator shall not assume that emergency central bank credit will be available.

  • The SIPS operator shall develop risk-management tools that are robust and proportionate to the identified level of risk.

  • A SIPS operator shall have documented objectives which place a high priority on the safety and efficiency of the SIPS.

  • A SIPS operator conducting business in more than one legal system shall identify and mitigate the risks arising from any potential conflict of laws.

  • A SIPS operator shall establish SIPS rules and procedures and enter into contracts, which are clear and consistent with the applicable law in all relevant legal systems.

  • A SIPS operator shall mark-to-market its collateral at least on a daily basis.

  • A SIPS operator shall monitor on a regular basis, and at least annually, the adequacy of its valuation policies and procedures.

Related to SIPS operator

  • train operator means any person who is authorised to act as the operator of a train by a licence under section 8 of the Railways Act 1993.

  • Non-Operator means a party other than the operator;

  • Storage operator means a person holding or applying for a permit.

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • Network Operator means the network operator who operates the wireless network of networks to which the SIM Cards are connected.

  • tour operator means an organiser or retailer, other than the carrier, within the meaning of Article 2(2) and (3) of Directive 90/314/EEC;

  • economic operator means any natural or legal person or public entity or group of such persons and/or entities which offers the execution of works and/or a work, the supply of products or the provision of services on the market;

  • DRIVER / OPERATOR means an individual possessing sound mental and physical health who must be in possession of an appropriate professional Driving License and

  • Terminal operator means a person who owns, operates, or otherwise controls a terminal.

  • Distribution Network Operator or “DSO” shall mean the operator of a Distribution Network.

  • Market Operator means a person or persons who manages and/or operates the business of a regulated market. The market operator may be the regulated market itself;

  • Meter Operator means a party appointed for the purposes of the BSC, to:

  • Generator Operator means the Person that Operates the Generating Facility and performs the functions of supplying electric energy and interconnected operations services within the meaning of the NERC Reliability Standards.

  • Licensed Operator : means any person who holds a licence granted and in force under the Law;

  • Farming operation means raising, cultivating, propagating, fattening, grazing, or any other farming, livestock, or aquacultural operation.

  • Amateur radio operator means a person licensed by the Federal Communications Commission to engage in private and experimental two-way radio operation on the amateur band radio frequencies.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Class B operator means the individual who has day-to-day responsibility for implementing applicable regulatory requirements established by the department. The Class B operator typically implements in-field aspects of operation, maintenance, and associated record keeping for the UST systems.

  • Account Operator means a bank or other party duly authorised to operate as an account operator pursuant to the Financial Instruments Accounts Act and through which a Bondholder has opened a Securities Account in respect of its Bonds.

  • the Operator means a person holding a Licence to operate Private Hire Vehicles issued pursuant to Section 55 of the Local Government (Miscellaneous Provisions) Act 1976.

  • Gatherer As defined in the preamble of this Agreement.

  • independent operator means undertakings other than authorised dealers and repairers which are directly or indirectly involved in the repair and maintenance of vehicles, in particular repairers, manufacturers or distributors of repair equipment, tools or spare parts, publishers of technical information, automobile clubs, roadside assistance operators, operators offering inspection and testing services, operators offering training for installers, manufacturers and repairers of equipment for alternative fuel vehicles;

  • Transporter means a person engaged in the off-site transportation of hazardous waste by air, rail, highway, or water.

  • Warehouse operator means a person engaged in the business of operating or controlling a warehouse for the storing, shipping, handling or processing of agricultural products, but does not include an incidental warehouse operator.

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • New Contractor means the person who has entered or who will enter into the New Contract with the Authority;