Examples of RepoClear Contract in a sentence
United Kingdom Government Debt Securities - RepoClear Contracts only A failed settlement or a settlement where a RepoClear Participant has been required to accept partial settlement with regard to a RepoClear Contract will not be re-entered into the next day's netting process.
For the purposes of this Section1.12.2 a " Related RepoClear Contract" means, in respect of a transaction between a RepoClear Clearing Member and a RepoClear Clearing Client which has been terminated on an early termination date, the open position represented by the RepoClear Contract entered into with the Clearing House by such RepoClear Clearing Member on behalf of the relevant RepoClear Clearing Client on equal and opposite terms to such transaction.
Once a trade has been registered in the RepoClear Service for clearing as a RepoClear Contract or RepoClear Term £GC Contract, as the case may be, it cannot be cancelled or deleted.
RepoClear Participants should be aware that once a trade is submitted for clearing and is registered in the RepoClear service as a RepoClear Contract or a RepoClear Term £GC Contract, as the case may be, any such terms between the original trading parties fall away and do not form part of the contract registered with the Clearing House.
Each RepoClear Contract or RepoClear Term £GC Contract will also be assigned a unique trade identifier by the Clearing House.
Subject to the above, any reference in these Procedures to any act relating to settlement or delivery to be done by a "RepoClear Participant" in respect of any RepoClear Contract or RepoClear Term £GC Contract may be carried out by that RepoClear Dealer on behalf of the RepoClear Dealer's RCM, where the Clearing House has been notified as set out above.
A registered RepoClear Contract or RepoClear Term £GC Contract will be identifiable through Clearing Member Reporting by the code entered on the trade confirmation by the RepoClear Participant or by the ATS, where applicable.
The terms of a registered RepoClear Contract or RepoClear Term £GC Contract shall be as notified to the Clearing House by the Trading System and otherwise subject to the SC Regulations (and the Clearing House and the Sponsored Member party to the registered RepoClear Contract or RepoClear Term £GC Contract, as the case may be, shall be obliged to perform their obligations thereunder in accordance with such terms).
The Clearing House shall be the buyer (or seller) under one RepoClear Contract or RepoClear Term £GC Contract (as the case may be) to the selling (or buying) Trading System Participant, and the seller (or buyer) under the second RepoClear Contract or relevant RepoClear Term £GC Contract, as the case may be to the buying (or selling) Trading System Participant.
In respect of a dispute arising out of, or in respect of, a registered RepoClear Contract or RepoClear Term £GC Contract, other than a dispute in respect of a matter referred to above as a dispute to be settled as provided for in the Trading System Rules, such dispute shall be settled as provided in the SC Regulations.