Settlement Rules definition

Settlement Rules means the operating rules, procedures, practices, directions, decisions and requirements of a Settlement Facility.

Settlement Rules means the rules, procedures, internal policies, standards or bylaws used by Intermediaries or ATB, or to which Intermediaries or ATB may be subject.

Settlement Rules means the rules, that provide the basis upon which payment obligations are calculated, netted or settled and includes rules for the taking of action in the event that a participant is unable or likely to become unable to meet its obligations to a payment system, clearing house, central counter-party or other participants and includes settlement of obligations from securities;

Examples of Settlement Rules in a sentence

• By applying for a new Holder Identification Number (HIN) or requesting a transfer of your existing HIN in the Account Application (Application), you agree to be CHESS Sponsored by Openmarkets in accordance with the ASX Settlement Rules on the terms and conditions (Terms) set out in Part 2 of this Client Agreement – CHESS Sponsorship Agreement (Sponsorship Agreement).

• The Client must not do anything that would prevent or hinder Pershing from complying with its obligations under the ASX Settlement Rules.

• By applying for a new Holder Identification Number (HIN) or requesting a transfer of your existing HIN in the Account Application (Application), you agree to be CHESS Sponsored by OpenMarkets in accordance with the ASX Settlement Rules on the terms and conditions (Terms) set out in Part 2 of this Client Agreement – CHESS Sponsorship Agreement (Sponsorship Agreement).

• You have the obligation under clause 11 not to do anything to prevent or hinder us from complying with our obligations under the ASX Settlement Rules.

• To comply with the Settlement Rules or Applicable Laws, CIBC or an Intermediary may disclose any information about you and the Recipient to an Intermediary or to a foreign or domestic government authority or regulatory body.

More Definitions of Settlement Rules

Settlement Rules means the rules which determine how payment obligations are calculated, netted or settled and includes rules prescribing corrective, punitive or other action in the event that a settling participant is unable or is likely to become unable to meet its obligations to the clearing house, central counter-party or other settling participants;

Settlement Rules means rules, procedures, standards or bylaws used by Settlement Participants.

Settlement Rules means the adjustment of the Charges calculated in accordance with Schedule 5; “Sites” means the Provider’s sites which are detailed in Schedule 3;

Settlement Rules. – shall mean the rules of the Central Securities Depository – Settlement System Rules,

Settlement Rules means the settlement rules of the ASTC as amended or replaced from time to time.

Settlement Rules means the adjustment of the Charges calculated in accordance with Schedule 5;

Settlement Rules means the applicable bylaws, rules, regulations, documentation and manuals promulgated or adopted by MasterCard or Visa, as such rules, manuals and other items may be amended or supplemented from time to time. The amount shall be calculated in accordance with the Settlement Rules and shall continue to accrue until First Data shall have received the Daily Amount from RCSI. Settlement Late Payment Fees shall be paid to First Data based upon the Settlement Rules even though First Data may have elected to make settlement with MasterCard or Visa in a timely manner on behalf of RCSI. If First Data has received funds from Visa and/or MasterCard as a result of Interchange Settlement on behalf of RCSI and fails to make available the Daily Amount to RCSI, First Data shall pay to RCSI a late payment fee based on the Daily Amount calculated in the same manner as the Settlement Late Payment Fee.