Traduction de «Securities transaction » (Anglais → Français) :

EUROPA - EU law and publications - EUR-Lex - EUR-Lex - 310603_1 - EN // More secure transactions on the Internet

'settlement fail' means the non-occurrence of settlement or only partial settlement of a securities transaction on the intended settlement date, due to a lack of securities or cash regardless of the underlying cause;

(2) 'settlement' means the completion of a securities transaction wherever it is concluded with the aim of discharging the obligations of parties to a transaction through the transfer of funds or securities, or both;

'settlement' means the completion of a securities transaction wherever it is concluded with the aim of discharging the obligations of the parties to that transaction through the transfer of funds or securities, or both ;

B. whereas the clearing and settlement industry is successful, innovative and responsive to customer pressure on domestic transactions, whereas there is significant scope for increased efficiency in cross-border clearing and settlement of securities transactions, where the infrastructure for securities settlement is fragmented in a multiplicity of domestic systems; whereas some users of clearing and settlement services tend, however, to be large firms, which are able to negotiate firmly with service providers to defend their interests; whereas the importance should be stressed of achieving a global system which provides a safe and eff ...[+++]icient framework for transactions to all users (investors, issuers, financial intermediaries) thereby promoting competition,

On the basis of a recent Commission communication, which seeks to regulate the clearing and settlement of securities transactions, in other words, the functioning of the integrated securities markets, especially in crossborder transactions, and in the aim of liberalising movements of capital and of creating a single market for financial services, it also seeks to harmonise the rules, legislation and methods of clearing and settlement in the various Member States, taking account of the considerable national differences that exist in this field.