ACSP Compression Cycle definition

ACSP Compression Cycle means a Multilateral Compression Cycle established by the Clearing House and facilitated by an ACSP nominated by the Clearing House, which shall be open to participation by SwapClear Clearing Members either on their own account or with respect to a SwapClear Clearing Client in accordance with the provisions of Regulation 56 and relevant Compression Documentation
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ACSP Compression Cycle means a Multilateral Compression Cycle established by the
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ACSP Compression Cycle means a Multilateral Compression Cycle established by the Clearing House and facilitated by an ACSP nominated by the Clearing House, which shall be open to participation by FCM Clearing Members and FCM Clients in accordance with the provisions of Regulation 46(m) and relevant Compression Documentation.“Account Manager Executing Party”means an Executing Party that is eligible under the CEA and the CFTC Regulations to execute Unallocated FCM SwapClear Transactions.“Affected Client”means a client of an FCM Clearing Member (or potential client of an FCM Clearing Member) in respect of which the application of laws or regulations in the client’s jurisdiction of establishment or applicable in the context of activity on a relevant trading platform do not prevent or prohibit EMIR Client Clearing being provided to such client.“Aggregate Excess Loss”has the meaning assigned to it in the Clearing House's “General Regulations”.“Allocation Notice”means a message delivered to the Clearing House which contains the following information: (i) details of the Client Segregated Sub-Account or the Proprietary Account of the Post-Allocation FCM Clearing Member to which an Unallocated FCM SwapClear Contract should be allocated;(ii) the amount of notional value of the Unallocated FCM SwapClear Contract to be allocated to each such Client Segregated Sub-Account or Proprietary Account of the Post- Allocation FCM Clearing Member; and (iii) confirmation of the Unallocated FCM SwapClear Contract to which the Allocation Notice relates. Any additional information contained in the Allocation Notice (including any economic details) shall be disregarded by the Clearing House.“Approved Compression Services Provider” or “ACSP”means an entity other than the Clearing House which is approved by the Clearing House for the facilitation of Multilateral Compression in relation to eligible FCM SwapClear Contracts in accordance with Regulation 46 and relevant Compression Documentation“Assumed Allocation”has the meaning assigned to it in FCM Regulation 15(d)(iii).
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Examples of ACSP Compression Cycle in a sentence

  • In relation to an ACSP Compression Cycle, each participating SwapClear Clearing Member agrees and acknowledges that the ACSP’s confirmation to the Clearing House that such SwapClear Clearing Member has confirmed its acceptance of the Compression Proposal to the ACSP shall constitute a binding acceptance by such SwapClear Clearing Member to the Clearing House for the purposes of this Regulation 56.

  • Such ACSP shall notify SwapClear Clearing Members meeting the criteria at (de)(i) above of the timing and procedure for such ACSP Compression Cycle and invite such SwapClear Clearing Members to confirm their interest.

  • Where the Clearing House intends to run an ACSP Compression Cycle, it shall nominate an ACSP to facilitate that ACSP Compression Cycle and produce the Compression Proposal.

  • Such fees are negotiated between participating members andsettled outside LCH.48 (m)Ensures that LCH’s liability in relation to Multilateral Compression is appropriatelylimited.None48 (n)Makes it clear that the Rulebook does notgovern the liability of any ACSP in relation toNone an ACSP Compression Cycle.

  • Such ACSP shall notify Compression Clearing Members meeting the criteria at (e)(i) above of the timing and procedure for such ACSP Compression Cycle and invite such Compression Clearing Members to confirm their interest, either on their own account or with respect to a SwapClear Clearing Client (where applicable).

  • In relation to an ACSP Compression Cycle, each participating Compression Clearing Member agrees and acknowledges that the ACSP’s confirmation to the Clearing House that such Compression Clearing Member has confirmed its acceptance of the Compression Proposal, either on its own account or with respect to a SwapClear Clearing Client, to the ACSP shall constitute a binding acceptance by such Compression Clearing Member to the Clearing House for the purposes of thisRegulation 56.


More Definitions of ACSP Compression Cycle

ACSP Compression Cycle means a Multilateral Compression Cycle established by theClearing House and facilitated by an ACSP nominated by the Clearing House, which shall be open to participation by FCM Clearing Members and FCM Clients in accordance with the provisions of Regulations 46(m) and relevant Compression Documentation.
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Related to ACSP Compression Cycle

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