settlement agent
as defined in Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing…, Article 3, point (37) (Definitions)
an entity acting as an agent providing accounts to the auction platform, through which accounts instructions for the transfer of the auctioned allowances given by the auctioneer or an intermediary representing it and the payment of the auction clearing price by a successful bidder, its successor in title, or an intermediary representing them are safely executed either simultaneously or nearly simultaneously in a guaranteed manner
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Also defined in
- Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities… 32014R0909, Article 2(1), point (43)
settlement agent as defined in point (d) of Article 2 of Directive 98/26/EC - Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and… 31998L0026, Article 2, point (d)
an entity providing to institutions and/or a central counterparty participating in systems, settlement accounts through which transfer orders within such systems are settled and, as the case may be, extending credit to those institutions and/or central counterparties for settlement purposes