New Safekeeping Structure means a structure where a Global Registered Note is registered in the name of a Common Safekeeper (or its nominee) for Euroclear and/or Clearstream, Luxembourg and/or any other relevant clearing system and will be deposited on or about the issue date with the Common Safekeeper for Euroclear and/or Clearstream, Luxembourg;
New Safekeeping Structure or “NSS” means the new safekeeping structure applicable to registered form global securities and which is required for such securities to be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations. Registered Global Notes to be held under the New Safekeeping Structure will be registered in the name of a Common Safekeeper (or its nominee) for Euroclear and/or Clearstream, Luxembourg and deposited on or about the issue date with the Common Safekeeper for Euroclear and/or Clearstream, Luxembourg;
New Safekeeping Structure means the structure under which registered Global Notes intended to be recognized as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem must be issued. Registered Global Notes issued under the New Safekeeping Structure must be registered in the name of a nominee of the Common Safekeeper and safekept by the Common Safekeeper.
Examples of New Safekeeping Structure in a sentence
In the case of a Global Note intended to be held under the New Safekeeping Structure, the Common Safekeeper may destroy such Global Note in accordance with the normal procedures of the Common Safekeeper upon maturity and final redemption of such Global Note.
More Definitions of New Safekeeping Structure
New Safekeeping Structure means a structure where a Global Note which is registered in the name of a nominee of the Common Safekeeper for Euroclear and/or Clearstream, Luxembourg and the relevant Global Note will be deposited on or about the Closing Date with the Common Safekeeper.
New Safekeeping Structure means a structure where a Global Registered Instrument is registered in the name of a Common Safekeeper (or its nominee) for Euroclear and/or Clearstream, Luxembourg and will be deposited on or about the issue date with the Common Safekeeper for Euroclear and/or Clearstream, Luxembourg;
New Safekeeping Structure means a structure where a Registered Note which is registered in the name of a common safekeeper (or its nominee) for Euroclear or Clearstream, Luxembourg and the relevant Global Registered Note will be deposited on or about the issue date with the common safekeeper for Euroclear or Clearstream, Luxembourg.
New Safekeeping Structure means the structure under which Registered Securities in global form intended to be recognized as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem must be issued. Registered Securities in global form issued under the New Safekeeping Structure must be registered in the name of a nominee of the Common Safekeeper and safekept by the Common Safekeeper.
New Safekeeping Structure means a structure where a Global Registered Covered Bond is registered in the name of a common safekeeper (or its nominee) for Euroclear and/or Clearstream, Luxembourg and will be deposited on or about the date of issue with the common safekeeper for Euroclear and/or Clearstream, Luxembourg;
New Safekeeping Structure means the structure under which registered Global Securities intended to be recognized as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem must be issued. Global Securities issued under the New Safekeeping Structure must be registered in the name of a nominee of the Common Safekeeper and safekept by the Common Safekeeper. “Common Safekeeper” means, with respect to any Securities issued in the form of one or more Global Securities under the New Safekeeping Structure, Euroclear Bank SA/NV (“Euroclear”), Clearstream Banking S.A. (“Clearstream”) or another person designated as Common Safekeeper by either of them as International Central Securities Depositaries (“ICSDs”).
New Safekeeping Structure means the structure under which Registered Global Securities intended to be recognized as eligible collateral for Eurosystem monetary policy and intraday credit operations need be issued. Registered Global Securities issued under the NSS shall be registered in the name of a nominee of the CSK and safekept by the CSK.’;