Euroclear and/or Clearstream Clause Samples

The 'Euroclear and/or Clearstream' clause defines the use of international central securities depositories, specifically Euroclear and Clearstream, for the settlement and custody of securities involved in a transaction. This clause typically outlines that securities will be delivered, held, and transferred through these systems, which are widely used for cross-border transactions and facilitate efficient settlement between parties in different jurisdictions. By specifying these depositories, the clause ensures standardized, secure, and reliable handling of securities, reducing settlement risk and streamlining the process for all parties involved.
Euroclear and/or Clearstream. Luxembourg or the CMU
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Euroclear and/or Clearstream. Luxembourg
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Euroclear and/or Clearstream. Luxembourg shall be deemed to include references to any other clearing system as is approved by the Trustee; and
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Related to Euroclear and/or Clearstream

  • Euroclear and Clearstream Investors holding Common Depository Notes through Euroclear, Clearstream or such other clearing system shall follow the settlement procedures applicable to conventional Eurobonds in registered form. Such Common Depository Notes shall be credited to Euroclear, Clearstream or such other clearing system participants’ securities accounts either on the Closing Date or on the settlement day following the Closing Date against payment in same-day funds (for value on the Closing Date).

  • Euroclear and Clearstream Procedures Applicable The provisions of the “Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream will be applicable to transfers of beneficial interests in the Regulation S Global Note that are held by Participants through Euroclear or Clearstream.

  • Depositary This Agreement shall be deposited with the Secretary-General of ASEAN, who shall promptly furnish a certified copy thereof to each Member State.

  • DTC The term “

  • Depository Depository shall mean The Depository Trust Company ("DTC"), a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 ("Exchange Act"), its successor or successors and its nominee or nominees. The term "Depository" shall further mean and include any other person authorized to act as a depository under the 1940 Act, its successor or successors and its nominee or nominees, specifically identified in a certified copy of a resolution of the Board.