Give-Up Trade Processing USD-Denominated Products Sample Clauses

Give-Up Trade Processing USD-Denominated Products. Give-up and take-up processing are performed on the CCorp ACT system via online screens or TREX messages. CCorp clearing procedures apply to give-up and take-up processing for USD-denominated products. For example, the clearing member is not required to approve all give-ups and take-ups. “Divisions, ” “Non- Clearing members,” or “associate firms” may approve claims on behalf of the clearing participant in order to initiate or complete give-up activity. Give-ups of USD-denominated trades can be made immediately.
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