Continuous Net Settlement System definition

Continuous Net Settlement System or “CNS System” means the method of settlement in relation to certain Exchange Trades, China Connect Securities Trades and Clearing Agency Transactions as referred to in Rules 3301 to 3308;
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Continuous Net Settlement System has the same meaning as defined in the CCASSHKSCC Rules;
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Examples of Continuous Net Settlement System in a sentence

  • The Distributor agrees that at the request of the Trust, the Distributor shall enter into certain agreements (“Participant Agreements”) between and among DTC Participants or participants in the Continuous Net Settlement System of the National Securities Clearing Corporation (“Authorized Participants”), the Distributor and the transfer agent (as applicable), for the purchase of Creation Units of a Fund.

  • Each authorized participant shall be a registered broker/dealer or other participant in the Continuous Net Settlement System of the National Securities Clearing Corporation, a clearing agency registered with the SEC or a participant in the system for book-entry of the Depository Trust Company.

  • The Distributor agrees that at the request of the Trust, the Distributor shall enter into certain agreements (“Participant Agreements”) between and among DTC Participants or participants in the Continuous Net Settlement System of the National Securities Clearing Corporation (“Authorized Participants”), the Distributor and the transfer agent (as applicable), for the purchase and redemption of Creation Units of a Fund.

  • The parties hereto acknowledge and agree that if a Portfolio participates in the Continuous Net Settlement System of the NSCC (“CNS”) then the Custodian shall have no responsibility for (i) calculating the amount of Cash collateral required to be delivered by any Authorized Participant or (ii) contacting such Authorized Participant to request the posting of any Cash collateral.

  • The Distributor agrees that at the request of the Trust, the Distributor shall enter into certain agreements ("Participant Agreements") between and among DTC Participants or participants in the Continuous Net Settlement System of the National Securities Clearing Corporation ("Authorized Participants"), the Distributor and the transfer agent (as applicable), for the purchase of Creation Units of a Fund.

  • Each authorized participant shall be (i) eligible and authorized to participate in the Depository Trust Company direct registration system or (ii) a participant in the Continuous Net Settlement System of the National Securities Clearing Corporation.

  • Creation Units of Fund Shares may be purchased only by or through an entity that has entered into an Authorized Participant Agreement with the Distributor and is either a participant in The Depository Trust Company ("DTC") or a broker-dealer or other participant in the Continuous Net Settlement System (the "CNSS") of NSCC.

  • An Authorized Participant is a broker-dealer or other participant in the Continuous Net Settlement System of the National Securities Clearing Corporation (NSCC) or a participant in DTC with access to the DTC system, and who has executed an agreement with the Distributor that governs transactions in the Funds’ Creation Units.

  • The Distributor agrees that at the request of the Trust, the Distributor shall enter into certain agreements ("Participant Agreements") between and among Depository Trust Company (DTC) participants or participants in the Continuous Net Settlement System of the National Securities Clearing Corporation ("Authorized Participants"), the Distributor and the transfer agent (as applicable), for the purchase of Creation Units of a Fund.

  • Creation Units of Fund Shares may be purchased only by or through an entity that has entered into an Authorized Participant Agreement with the Distributor and is either a participant in The Depository Trust Company (“DTC”) or a broker-dealer or other participant in the Continuous Net Settlement System (the “CNSS”) of NSCC.

Related to Continuous Net Settlement System

  • Continuous parameter monitoring system or "CPMS" means all of the equipment necessary to meet the data acquisition and availability requirements of this chapter, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, oxygen or carbon dioxide concentrations), and to record average operational parameter value on a continuous basis.

  • Continuous monitoring system means the total equipment, required under the emission monitoring section in applicable subsections used to sample and condition (if applicable), to analyze, and to provide a permanent record of emissions or process parameters.

  • 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;

  • Continuous emissions rate monitoring system or “CERMS” means the total equipment required for the determination and recording of the pollutant mass emissions rate (in terms of mass per unit of time).

  • Continuous emissions monitoring system or “CEMS” means all of the equipment that may be required to meet the data acquisition and availability requirements of this chapter, to sample, to condition (if applicable), to analyze, and to provide a record of emissions on a continuous basis.