Settlement Authority means the person or persons appointed by the JSE to manage the settlement of transactions in bonds effected through the Yield-X trading system in terms of the Yield-X rules and directives and the STRATE rules;
Settlement Authority as used in the ADR Plan means, the individual with control of the full financial settlement resources involved in the case, including insurance and the full financial authority and ability to agree to a binding settlement agreement.
Examples of Settlement Authority in a sentence
Settlement Authority 70% Accounts will only be settled within the provided settlement authority of 10% for accounts aged less than 60 days from the date initially billed, 15% for accounts aged 61-90 days from the date initially billed, 20% for accounts aged 91-120 days from the date initially billed, 30% for accounts aged 121-150 days, and 50% for accounts aged 151 days or older.
Where a member borrows securities from the Settlement Authority to effect settlement on behalf of a controlled client, the controlled client is responsible for any costs that may be incurred by the member in this regard and any penalties imposed on the member by the Settlement Authority.
More Definitions of Settlement Authority
Settlement Authority means full, meaningful, authority. A person with settlement authority does not need to pick up the phone to call anyone else to find out whether he or she can go higher or lower. A person with settlement authority is “the” decisionmaker. He or she is the person who has authority to meet the other party’s demand, even if he or she chooses not to do so.3
Settlement Authority means the pers npersons appointed by the JSE to manage the settlement of transactions securities effected through the JSE trading system in terms of the rules and directives andCthSeD rules;
Settlement Authority means the person or persons appointed by the JSE to manage the sefflement of transactions in equity securities effected through the JSE equities trading system in terms of the rules and directives;
Settlement Authority means the authority to approve, deny or make a final offer on a claim, subject to any limitations
Settlement Authority means the person or persons appointed by the JSE to manage the
Settlement Authority means aparticipating exchange or the securities clearing house.
Settlement Authority means the person or persons appointed by the JSE to manage the settlement of transactions in equity securities effected through the JSE equities trading system in terms of the rules and directives.