Settlement Depository definition

Settlement Depository means NSD performing transactions related to the execution of liabilities to transfer securities upon clearing of a trade.
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Examples of Settlement Depository in a sentence

  • The National Settlement Depository (NSD) settlement system is used to maintain settlement and depository operations, collateral management and other activities performed by NSD.

  • The term “Russian Central Securities Depository” shall mean the Russian National Settlement Depository and any other organization that is a central securities depository in the Russian Federation for the Deposited Securities.

  • Moscow Exchange intends to transfer the ownership of one ordinary share in the share capital of National Settlement Depository (the “Company”) with the par value of RUB 1,000 (One Thousand) to the New Shareholder.

  • Moscow Exchange intends to transfer to each of New Shareholder 1 and New Shareholder 2 (collectively, the "New Shareholders") one ordinary share with the par value of RUB 1,000 (One Thousand) each in the share capital of National Settlement Depository (the "Company").

  • MICEX-RTS intends to transfer the ownership of one ordinary share in the share capital of National Settlement Depository (the “Company”) with the par value of RUB 1,000 (One Thousand) to each of the New Shareholders.

  • The cost of services of the Custodian may include charges of the Custodian for the custody account opening, safekeeping of Securities, execution of transactions with Securities, including corporate actions, as well as the amount of expenses incurred by the Custodian in connection with provision of services under this Agreement (charges of Registrars, the Non- Bank Credit Organization Joint Stock Company National Settlement Depository, transfer agents, etc.), to be repaid by the Client.

  • Within the scope of this Agreement, the Custodian agrees to execute orders and participate in corporate actions only if these services can be provided via the Non- Bank Credit Organization Joint Stock Company National Settlement Depository.

  • CJSC MICEX and the other Shareholders have agreed to hold their Shares and exercise their rights attached to such Shares with respect to National Settlement Depository (“Com- pany”) subject to the terms and conditions set out in this Agreement.

Related to Settlement Depository

  • Eligible Depository Any Reserve Bank or any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities, so long as at the time of determination of eligibility the commercial paper or other short-term debt obligations of such depository institution or trust company (or, in the case of a depository institution that is the principal subsidiary of a holding company, the commercial paper or other short-term debt obligations of such holding company) have the Highest Credit Rating Available from at least one Rating Agency.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • Depository System Participant means any participant in the Depository’s book- entry system.

  • Book-Entry Custodian The custodian appointed pursuant to Section 5.01.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.