Securities Systems definition

Securities Systems means a Securities depository or Securities clearing book entry or other similar system;
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Securities Systems in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
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Examples of Securities Systems in a sentence

  • We may appoint sub-custodians, nominees and other agents including Affiliates and may also utilise Securities Systems.

  • These Clearing Rules and all Clearing Transactions entered into pursuant to these Clearing Rules form part of a Security Settlement System under Norwegian Law pursuant to the Norwegian Payment Systems Act of 17 December 1999 no 95 (implementing EU Directive 98/26/EC on Settlement Finality in Payment and Securities Systems), as may be amended from time to time.

  • We are authorised on your behalf to do all such acts and things and execute all such documents as may be required to enable us, or any delegate, to fully observe and perform obligations under the contracts and rules of any Securities System and to enter into any arrangement which we consider proper for the purpose of facilitating clearance of or settlement of transactions effected on your behalf through such Securities Systems.

  • Without limiting the foregoing, the Fund shall bear the risks that rules or procedures imposed by Securities Systems, exchange controls, asset freezes or other laws or regulations shall prohibit or impose burdens or costs on the transfer to, by or for the account of the Fund of Assets in Custody or Cash held on the conversion of Cash from one currency into another currency.

  • The Trustee shall, without undue delay, forward to the Manager, or to any person duly authorised by the Manager, (i) any pertinent information and notices and (ii) any notice of rights or discretionary corporate action or of the date by which such rights must be exercised or such action must be taken received by the Trustee from its Delegates, Sub-Custodians, Securities Systems, CCPs or issuers, related to securities, Other Assets and Assets in Custody held with the Trustee.

  • The Contract Specifications shall prevail in case of conflict.1.5 These Clearing Rules and all Clearing Transactions entered into pursuant to these Clearing Rules form part of a Security Settlement System under Norwegian Law pursuant to the Norwegian Payment Systems Act of 17 December 1999 no 95 (implementing EU Directive 98/26/EC on Settlement Finality in Payment and Securities Systems), as may be amended from time to time.

  • M&T Bank only accesses Non-U.S. Securities Systems in connection with its trust business and with respect to trades on behalf of its trust clients.

  • You acknowledge that it is a condition of Securities Systems that we and any delegate authorise the disclosure by such Securities System of information obtained from us to the relevant regulatory, tax and governmental authorities and any investigating or prosecuting authorities.

  • Where Securities Systems are used to hold and/or transfer and/or settle purchases or sales of Securities, the Securities will be held and such transactions effected using the facilities of the Securities System and subject to all other contracts, rules, conditions and practices of the Securities System and subject to all other relevant laws and regulatory requirements.

  • For payment data, currency outstanding, population, and banking infrastructure, we use the Bank for International Settlements’ Committee of Payment Settlement Systems’ Statistics on Payment and Settlement Systems in Selected Countries (Red Book) and the European Central Bank’s Payment and Securities Systems in the European Union (Blue Book).12 We also contacted several central banks for clarification and to fill in some of the missing data.

Related to Securities Systems

  • U.S. Securities System means a securities depository or book-entry system authorized by the U.S. Department of the Treasury or a “clearing corporation” as defined in Section 8-102 of the UCC.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • central securities depository or ‘CSD’ means a central securities depository as defined in point (1) of Article 2(1) of Regulation (EU) No 909/2014.

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

  • Securities has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture.

  • Computer program means a set of instructions, rules, or routines recorded in a form that is capable of causing a computer to perform a specific operation or series of operations.