SWORD definition

SWORD means the system for electronic transfer of entitlement to Warrants regulated by the London Metal Exchange (“LME”);
View Source
SWORD means the system for electronic transfer of entitlement to Warrants of certain descriptions regulated by the LME;
View Source
SWORD means the system for electronic transfer of entitlement to Warrants of certain descriptions regulated by relevant Exchanges on which the ER Market Contract is concluded, including in particular the London Metal Exchange;
View Source

Examples of SWORD in a sentence

  • Where Warrants are capable of being held in SWORD, transfer of Warrants shall be effected by transfer to or from the sword account of the relevant LME member's SWORD Account.

  • Where you do not have a SWORD Account we may hold Warrants on your behalf in SWORD either directly or through a sub-custodian.

  • If you wish to withdraw Warrants which we are holding for you in SWORD, you will give us reasonable notice to enable us and our sub-custodian (where applicable) to comply with the SWORD Operating Procedures, and we shall not be responsible other than to take reasonable steps to comply with your request insofar as it is practicable.

  • We may give you reasonable notice (or in the latter case onward notification of the notice received by us from our sub-custodian) to collect any such Warrants or to cause them to be lodged in SWORD in accordance with the SWORD Regulations.

  • In any other case where your Warrants are held in SWORD, and subject to contrary written agreement between you and us, transfer to you shall be deemed to occur at 10am London time on the prompt date applicable to the Transaction.


More Definitions of SWORD

SWORD. " means the system for electronic transfer of entitlement to Warrants of certain descriptions regulated by the LME;
View Source
SWORD as defined in Section 3.4.1(a)(ii).
View Source
SWORD means the system by that name for electronic transfer of entitlement to LME Warrants.
View Source
SWORD is the means by which the action was accomplished, so it is in the instrumental case.
View Source
SWORD means the system for electronic transfer of entitlement to Warrants of certain descriptions regulated by the LME; means the LME's regulations governing the operation of SWORD, and unless otherwise expressly defined, any term defined in the SWORD Regulations has the same meaning; "SWORD Regulations"
View Source
SWORD means the system used by the Clearing House for, inter alia, facilitating the issue, recording and electronic transfer of London Metal Exchange warrants
View Source
SWORD or similar transactions) or (ii) which constitute a Change of Control of Allergan, Ligand or ALRT, as applicable.
View Source