Examples of Clearing in a sentence
Company will communicate to the Trust purchases and redemptions of units of the Funds through the National Securities Clearing Corporation (“NSCC”) by NSCC Cycle 8.
The Clearing Agency will make book-entry transfers among its participants and receive and transmit payments of principal of and interest on the Book-Entry Notes to the participants.
All distributions to the Members will be made as Automated Clearing House (ACH) deposits into an account designated by each Member.
However, unless Definitive Notes have been issued to Note Owners, payment will be made by wire transfer to the account designated by Cede & Co., as nominee of the Clearing Agency or a successor nominee.
The rights of Note Owners may be exercised only through the Clearing Agency and will be limited to those established by law and agreements between the Note Owners and the Clearing Agency and/or its participants under the Depository Agreement.