Settlement Obligations means any short -term payment or reimbursement obligation in respect of a Settlement Payment or Settlement Receivable and other financings or liabilities due to banks or customers, in each case of the type incurred in the ordinary course of business by the Issuer and its Subsidiaries, including under any facility in respect thereof.
What is a settlement agreement in law?
A settlement agreement is a legal contract that resolves the disputes among all parties by coming to an agreement. It is a legal document where all parties in a court case, in civil law, agree to an outcome of any judgment being made in advance.
What is settlement of securities?
Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against ( in simultaneous exchange for) payment of money, to fulfill contractual obligations, such as those arising under securities trades. In the United States, the settlement date...
What is a settlement system?
Definition, meaning and sense The requirement, as a result of the settlement process, that a participant in a settlement system effect payment or deliver assets. (European Central Bank)
What is the legal significance of settlement in trading?
Legal significance. Settlement is the delivery of securities to complete trades. It involves upgrading personal rights into property rights and thus protects market participants from the risk of the default of their counterparties.
What is the Purpose of a Settlement Agreement?
How are Settlement Agreements Enforced?
Why is it important to follow the state guidelines in a settlement agreement?
How to settle a dispute without going to court?
What happens to a settlement agreement if litigation is ongoing?
What is a mediator in a settlement?
What is the legal requirement for a settlement agreement?
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Settlement Agreement Template for Free - Get Out of Court Simple ...
Here, you would insert all the relevant alleged details, any charges that were filed, etc. By way of example: “The Defendant allegedly ran through a red light without stopping, resulting in an estimated $2,000 damage to the Plaintiff’s vehicle (the “Incident”) and the Plaintiff has filed an action in San Diego County Small Claims Court to recover such damages.”
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Differences between Jane and John have caused their marriage to be irretrievably broken. D. Jane has filed a family court petition for dissolution of marriage in the Superior Court of the State of Arizona, County of Maricopa Case No. FN20116780 (hereafter the “divorce proceedings”).
Examples of Settlement Obligations in a sentence
If you fail to settle, Pershing may make arrangements on your behalf to ensure that your Settlement Obligations are performed (including by buying-in or borrowing the relevant Traded Products).
More Definitions of Settlement Obligations
Settlement Obligations means any payment or reimbursement obligation in respect of a Settlement Payment, including obligations under the Wells Fargo Settlement Facility Agreement and under the Deutsche Bank Settlement Facility Agreement.
What is the Purpose of a Settlement Agreement?
With this type of agreement, one party must complete an action or pay a certain amount in exchange for the other party’s promise to stop legal proceedings. Here are some situations in which a settlement agreement can apply:
How are Settlement Agreements Enforced?
The courts have the authority to enforce settlement agreements between the parties in the case. A settlement agreement once signed by the relevant parties it is a legally binding contract if all the terms are deemed valid. But it is important to note that courts do not have inherent power to enforce settlement agreements after a case has been dismissed.
Why is it important to follow the state guidelines in a settlement agreement?
If you are spending all that time drafting a settlement agreement it is important to follow the necessary state guidelines to ensure that it is enforceable under the state law. Failure to do so can create liability for you and the other party.
How to settle a dispute without going to court?
If you are contemplating a way to settle your dispute without having to go to court, drafting a settlement agreement may be one of your legal options. With this type of agreement, one party must complete an action or pay a certain amount in exchange for the other party’s promise to stop legal proceedings. Here are some situations in which a settlement agreement can apply: 1 Any property damage claim; 2 Employment disputes; 3 Marital issues and; 4 Medical malpractice.
What happens to a settlement agreement if litigation is ongoing?
If litigation is ongoing, the agreement must admit a clause dismissing the specific pending lawsuit.The settlement agreement should have a space for each party’s signature and the date. Once both parties have come to an agreement on a draft settlement, you can opt to submit it to the court for approval.
What is a mediator in a settlement?
A mediator is useful to agree on a factual account of the situation if necessary.
What is the legal requirement for a settlement agreement?
In general, for a settlement agreement to be valid, it must be in writing and must contain the following terms: An offer, which is what one party promises to complete; The acceptance of the terms of the offer by the other party;
What is settlement of securities?
Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against ( in simultaneous exchange for) payment of money, to fulfill contractual obligations , such as those arising under securities trades.
Where does settlement take place?
Nowadays, settlement typically takes place in a central securities depository.
What is immobilization of securities?
Securities (either constituted by paper instruments or represented by paper certificates) are immobilised in the sense that they are held by the depository at all times. In the historic transition from paper-based to electronic practice, immoblisation often serves as a transitional phase prior to dematerialisation.
What are the two goals of electronic settlement?
Immobilisation and dematerialisation are the two broad goals of electronic settlement. Both were identified by the influential report by the Group of Thirty in 1989.
How does electronic settlement work?
If a non-participant wishes to settle its interests, it must do so through a participant acting as a custodian. The interests of participants are recorded by credit entries in securities accounts maintained in their names by the operator of the system . It permits both quick and efficient settlement by removing the need for paperwork, and the simultaneous delivery of securities with the payment of a corresponding cash sum (called delivery versus payment, or DVP) in the agreed upon currency.
How long does it take to settle a stock?
In the United States, the settlement date for marketable stocks is usually 2 business days or T+2 after the trade is executed, and for listed options and government securities it is usually 1 day after the execution. In Europe, settlement date has also been adopted as 2 business days after the trade is executed.
What is clearing in a settlement?
A number of risks arise for the parties during the settlement interval, which are managed by the process of clearing, which follows trading and precedes settlement. Clearing involves modifying those contractual obligations so as to facilitate settlement, often by netting and novation .
What is the Purpose of a Settlement Agreement?
With this type of agreement, one party must complete an action or pay a certain amount in exchange for the other party’s promise to stop legal proceedings. Here are some situations in which a settlement agreement can apply:
How are Settlement Agreements Enforced?
The courts have the authority to enforce settlement agreements between the parties in the case. A settlement agreement once signed by the relevant parties it is a legally binding contract if all the terms are deemed valid. But it is important to note that courts do not have inherent power to enforce settlement agreements after a case has been dismissed.
Why is it important to follow the state guidelines in a settlement agreement?
If you are spending all that time drafting a settlement agreement it is important to follow the necessary state guidelines to ensure that it is enforceable under the state law. Failure to do so can create liability for you and the other party.
How to settle a dispute without going to court?
If you are contemplating a way to settle your dispute without having to go to court, drafting a settlement agreement may be one of your legal options. With this type of agreement, one party must complete an action or pay a certain amount in exchange for the other party’s promise to stop legal proceedings. Here are some situations in which a settlement agreement can apply: 1 Any property damage claim; 2 Employment disputes; 3 Marital issues and; 4 Medical malpractice.
What happens to a settlement agreement if litigation is ongoing?
If litigation is ongoing, the agreement must admit a clause dismissing the specific pending lawsuit.The settlement agreement should have a space for each party’s signature and the date. Once both parties have come to an agreement on a draft settlement, you can opt to submit it to the court for approval.
What is a mediator in a settlement?
A mediator is useful to agree on a factual account of the situation if necessary.
What is the legal requirement for a settlement agreement?
In general, for a settlement agreement to be valid, it must be in writing and must contain the following terms: An offer, which is what one party promises to complete; The acceptance of the terms of the offer by the other party;
