Indirect Depository Participant definition

Indirect Depository Participant. An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.
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Indirect Depository Participant. A broker, dealer, bank or other financial institution or other Person maintaining a custodial relationship with a Depository Participant.
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Indirect Depository Participant. An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system. Initial Monthly Payment Fund: $474,358 representing scheduled principal amortization and interest at the Net Mortgage Rate during the Due Period ending in January 2003, for those Mortgage Loans for which the Trustee will not be entitled to receive such payment in accordance with the definition of "Trust Fund". The Initial Monthly Payment Fund will not be part of any REMIC.
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Examples of Indirect Depository Participant in a sentence

  • The Depository Participant should in turn make the request of the Depository (or, in the case of an Indirect Depository Participant, such Indirect Depository Participant must notify the related Depository Participant of such request, which Depository Participant should make the request of the Depository) on the Depository's participant terminal system.

  • In the event that such account is maintained by an Indirect Depository Participant, such Indirect Depository Participant must notify the related Depository Participant which in turn must forward the withdrawal of such request on the Depository's participant terminal system.

  • Indirect Depository Participant: A broker, dealer, bank or other financial institution or other Person maintaining a custodial relationship with a Depository Participant.

  • None of the Company, the Master Servicer or the Trustee shall be liable for any delay in delivery of requests for distributions or withdrawals of such requests by the Depository, a Depository Participant or any Indirect Depository Participant.

  • None of the Company, Servicer or the Trustee shall be liable for any delay in delivery of requests for distributions or withdrawals of such requests by the Depository, a Depository Participant or any Indirect Depository Participant or brokerage firm.

  • Any Certificate Owner of an Class A-4 Certificate that has requested a distribution may withdraw its request by so notifying in writing the Depository Participant or Indirect Depository Participant that maintains such Certificate Owner's account.

  • Any Certificate Owner of a Retail Lottery Certificate that has requested a distribution may withdraw its request by so notifying in writing the Depository Participant or Indirect Depository Participant that maintains such Certificate Owner's account.

  • Each resident shall be returned to his family, if adequately habilitated, or as- signed to the least restrictive habilitation setting.


More Definitions of Indirect Depository Participant

Indirect Depository Participant. An institution that is not a Depository Participant but clears through or maintains a custodial relationship with a Depository Participant and has access to the Depository's clearing system.
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Indirect Depository Participant. A broker, dealer, bank or other financial institution or other Person maintaining a custodial relationship with a Depository Participant. Initial Bankruptcy Loss Amount: $102,263.92.
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Indirect Depository Participant. An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.]
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Indirect Depository Participant. An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system. INITIAL MONTHLY PAYMENT FUND: $38,647, representing scheduled principal amortization and interest at the Net Mortgage Rate during the Due Period ending in February 2002, for those Mortgage Loans for which the Trustee will not be entitled to receive such payment in accordance with the definition of "Trust Fund."
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Indirect Depository Participant. A Person for whom from time to time a Depositor Participant effects book-entry transfers and pledges of securities deposited with the Depository.
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Related to Indirect Depository Participant

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • Agent Member means any member of, or participant in, the Depositary.

  • Depositary Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time the Depositary effects book-entry transfers and pledges of securities deposited with the Depositary.

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • Indirect Participants Has the meaning specified in Section 4.01(b) of this Trust Supplement.

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Book Entry Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • Indirect Participant means a Person who holds a beneficial interest in a Global Note through a Participant.

  • Direct Participant or "DTC Participant": Any broker-dealer, bank or other financial institution for which the Depository holds Class A Certificates from time to time as a securities depository.

  • Direct Participants means each person shown in the records of the Clearing Systems as a holder of the Securities;

  • DTC Participants means participants within DTC.

  • DTC Participant means any financial institution (or any nominee of such institution) having one or more participant accounts with DTC for receiving, holding and delivering the securities and cash held in DTC. A DTC Participant may or may not be a Beneficial Owner. If a DTC Participant is not the Beneficial Owner of the ADSs credited to its account at DTC, or of the ADSs in respect of which the DTC Participant is otherwise acting, such DTC Participant shall be deemed, for all purposes hereunder, to have all requisite authority to act on behalf of the Beneficial Owner(s) of the ADSs credited to its account at DTC or in respect of which the DTC Participant is so acting.

  • Eligible Depository Any Reserve Bank or any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities, so long as at the time of determination of eligibility the commercial paper or other short-term debt obligations of such depository institution or trust company (or, in the case of a depository institution that is the principal subsidiary of a holding company, the commercial paper or other short-term debt obligations of such holding company) have the Highest Credit Rating Available from at least one Rating Agency.

  • Agent Members has the meaning provided in Section 2.07(a).

  • ADS Depositary means the person then acting as depositary under the Deposit Agreement. The ADS Depositary as of the Issue Date is The Bank of New York Mellon.

  • Global Receipt Depository means, with respect to any Receipt issued hereunder, DTC or such other entity designated as Global Receipt Depository by the Corporation in or pursuant to this Deposit Agreement, which entity must be, to the extent required by any applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended.

  • Euroclear Operator means Euroclear Bank S.A./N.V., as operator of the Euroclear System.

  • Common Depository has the meaning specified in Section 304(b).

  • Book-Entry Custodian The custodian appointed pursuant to Section 5.01.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Common Depositary has the meaning specified in Section 304.

  • Study Participant means a person recruited to participate in the Study.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;