Takasbank definition

Takasbank means Takasbank ISE Settlement and Custody Bank Inc., which provides the book-entry settlement system for equity securities in Turkey, or any successor entity thereto.
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Takasbank refers to İstanbul Takas ve Saklama Bankası A.Ş.
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Examples of Takasbank in a sentence

  • Takasbank shall be obliged to inform such amendments to the Member.

  • The time period for fulfilling the call shall be stipulated by Takasbank in the Procedure.

  • Takasbank can restrain the order transmission over all accounts of the Member by taking account of the size of the default.

  • In the novation method, the notifications to be served about novation to Takasbank and the execution time of novation by being entered into Takasbank records, the transfer of rights and obligations set forth in the initial contract and other issues thereof shall be determined by Takasbank.

  • If Takasbank incurs any loss exceeding the default interest due to default of the Member, the Member shall also be obliged to indemnify such losses.

  • In case of any need to cover the receivables from the collateral, Takasbank can also exercise, if wishes, its right to keep under its possession up to the portion of collateral that will be sufficient to cover its receivable.

  • Takasbank cannot be held liable for the obligations of the Member’s customers against the Member nor can the Member’s obligations against its customers.

  • The Member is obliged to deliver the appreciated collateral up to the amount determined by Takasbank and in accordance with the conditions to be stipulated by Takasbank.

  • In such a case, the Member accepts, declares and undertakes to increase the margin level to the rate required by Takasbank and change the collateral type without raising any objection thereof.

  • If the final determination of the rentable square feet for the Premises made about the Commencement Date in accordance with the definition of the term "Premises" and the paragraph entitled "Lease Memorandum" differs from the number of rentable square feet utilized in the following table, the Base Rent shall be recomputed using the annual rental rates specified in the table and the finally determined rentable square feet for the Premises.