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In fact, such services earn money, thanks to net settlement payments made by foreign carriers to match their surplus of outgoing calls.
Under the system, known as net settlement, the trader pays only the broker's commission, and if he or she loses money, the amount lost on the trade.
The first wave of these letters sought to compel companies to make recovery of relatively modest short-swing profits supposedly realized by officers who exercised the net settlement rights granted to them by their company equity awards.
For example, many companies take steps so that the common practice often referred to as "net settlement," in which the company withholds a portion of the shares that would otherwise be issuable upon settlement of an equity award in order to satisfy the participant's tax obligations, would be treated as an exempt disposition under Rule 16(b -3 e).
In addition, many large payments (such as those to settle securities or foreign exchange transactions between financial institutions) are made through electronic transfer systems that "net" (determine a balance of) the total payments and receipts; they then transfer central bank reserves or clearinghouse deposits to fund the net settlement.
Hoping to become a regional centre for international currency payments, Hong Kong has now made "a standing offer to our fellow central banks in the region" to join this system.An RTGS system differs from the alternative, a "deferred net settlement" system, in two respects.
Similar(52)
It shall also include, net settlements for exchange of electricity or power, such as economy energy, off-peak energy for on-peak energy, and spinning reserve capacity.
In addition, the account shall include the net settlements for transactions under pooling or interconnection agreements wherein there is a balancing of debits and credits for energy, or capacity.
In addition, until these claims are addressed, companies should consider alerting their insiders about the risks associated with purchasing shares on the market within six months of net settlements or other dispositions to the company, and vice versa.
By contrast, the legacy financial system uses a delayed-net-settlement system involving layers of intermediaries.
Some claimants may be entitled to more compensation than others, so your net compensatory settlement could end up being quite low.
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