Clearing and Settlement Rules definition

Clearing and Settlement Rules means the relevant rules of the clearing houses of the jurisdiction where securities trading occur;
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Clearing and Settlement Rules means the Clearing and Settlement Rules of CHO.
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Examples of Clearing and Settlement Rules in a sentence

  • Where the Customer has failed to settle with the Bank, the Parties shall have the rights and obligations imposed by the Participant Rules and/or the Clearing and Settlement Rules (or the settlement rules in the applicable market regarding cancellation of the transaction and mitigating any loss relating to that failure to settle).

  • Unless provided otherwise, the definitions presented in the Clearing and Settlement Rules shall be used in the meaning specified in the ECSD Rules.

  • For the purposes of these Clearing and Settlement Rules, amendment of exchange transactions shall mean amendment of the conditions of exchange transactions, of trade data and settlement details until the banking day preceding the settlement date of the transaction (S-1).

  • If a member firm fails to execute any of the obligations imposed on them by the provisions of these Clearing and Settlement Rules or fails to execute them duly, the Exchange has the right to impose on such member firm any of the sanctions and measures provided by the Rules and Regulations of the Exchange.

  • The Exchange has the right to make changes to the terms and conditions of exchange transactions and to amend the settlement details and trade data in the cases and according to the procedure provided by these Clearing and Settlement Rules and ECSD Rules.

  • The Lead Manager shall procure that the sale of the Sale Securities under clause 2.1 shall be effected on the Trade Date (as specified in the Timetable in Schedule 1), by way of one or more special crossings (in accordance with New Zealand Clearing Limited's Clearing and Settlement Rules) at the Sale Price, with settlement to follow on a T+2 basis in accordance with New Zealand Clearing Limited's Clearing and Settlement Rules (Settlement Date).

  • The Sale shall be effected on the Trade Date by way of one more crossings or special crossings at the Sale Price by the Underwriter on the NZX, with settlement to follow on a T+2 basis in accordance with the New Zealand Clearing Limited's Clearing and Settlement Rules (the "Settlement Date").

  • Therefore, Moelis is subject to the relevant market Operating Rules, Clearing and Settlement Rules as well as ASIC Market Integrity Rules governing trading in multi markets and competition of market operators in multi markets.

  • Therefore, MA Moelis Australia Securities is subject to the relevant market Operating Rules, Clearing and Settlement Rules as well as ASIC Market Integrity Rules governing trading in multi markets and competition of market operators in multi markets.

  • Unless otherwise provided by these Clearing and Settlement Rules or Member Rules, the Exchange shall amend the conditions of the exchange transaction based on a motivated application of the member firm serving as a party to the transaction, provided that the other party to the transaction has also granted their consent to the amendments requested.

Related to Clearing and Settlement Rules

  • ASTC Settlement Rules means the operating rules of ASTC and, to the extent that they are applicable, the operating rules of ASX and the operating rules of the Australian Clearing House Pty Limited;

  • securities settlement system means a system that enables securities to be transferred and settled by book entry according to a set of predetermined multilateral rules.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • settlement system means a system established and operated by the Bank to facilitate the transfer of funds for the discharge of payment and settlement obligations between system participants;