indirect link
as defined in Regulation (EU) No 909/2014 of the European Parliament and of the Council of…, Article 2(1), point (32) (Definitions)
(32)
‘indirect link’ means an arrangement between a CSD and a third party other than a CSD, that is a participant in the securities settlement system of another CSD. Such link is set up by a CSD in order to facilitate the transfer of securities to its participants from the participants of another CSD;