(1) In this notice, unless the context otherwise requires,—
clearing house means the central counterparty clearing house operated by NZ Clearing as part of the NZCDC settlement system
clearing participant means a participant in the NZCDC settlement system that participates in the clearing house, but does not include NZ Clearing
C&S Rules means NZ Clearing's Clearing and Settlement Rules which are part of the rules of the NZCDC settlement system
depository means the central product depository operated by NZ Depository as part of the NZCDC settlement system
depository operating rules means NZ Depository's Depository Operating Rules which are part of the rules of the NZCDC settlement system
depository participant means a participant in the NZCDC settlement system that participates in the depository, but does not include NZ Depository
NZ Clearing means New Zealand Clearing Limited, which is a wholly owned subsidiary of NZCDC and the specified operator of, and a participant in, the NZCDC settlement system
NZ Depository means New Zealand Depository Limited, which is a wholly owned subsidiary of NZCDC and an operator of, and a participant in, the NZCDC settlement system
NZCDC means New Zealand Clearing and Depository Corporation Limited, a wholly owned subsidiary of NZX Limited
NZCDC settlement system means the settlement system owned by, and operated and managed by or on behalf of, NZCDC that is declared to be a designated settlement system pursuant to section 156N of the Reserve Bank of New Zealand Act 1989
NZX's market means any securities market or futures market that is operated by NZX Limited as a registered exchange or an authorised futures exchange
securities lending transaction means a lending transaction as defined in the depository operating rules
settlement transaction means a settlement transaction as defined in the C&S Rules
specified participant means a person that is both a clearing participant and a depository participant.
(2) Any term or expression that is defined in the Act and used, but not defined, in this notice has the same meaning as in the Act.