Examples of Affected Clearing Member in a sentence
A failure to provide such notice shall not prohibit an Affected Clearing Member from posting the notice specified in Article 1.3.1.2.Copies of any notices provided under Article 1.3.1.1(i) or (ii) shall be provided by LCH SA to the Autorité de Contrôle Prudentiel et de Résolution.Article 1.3.1.2In the event of any of the circumstances set out in Article 1.3.1.1 occurring, the Affected Clearing Member may provide LCH SA in writing with a notice, specifying the occurrence of an LCH Default.
Unless the context otherwise requires, the terms defined in this Rule have the meanings specified below for all purposes under the Rules: Affected Clearing Member has the meaning set forth in Rule 9.1.2 Affiliate.
As soon as reasonably practicable thereafter, the Affected Clearing Member seeking Financial Performance shall provide to the Clearing House a detailed statement, with supporting documentation, of all amounts sought.
For the avoidance of doubt, nothing in this Number 6.3 shall exclude or limit Eurex Clearing AG’s rights and claims against the CM Affected Clearing Member and against the Affected BCM.
Should the amount of any such taxes or charges exceed the amount of the relevant Difference Claim, Eurex Clearing AG shall be entitled to discharge its payment obligation with respect to the Difference Claim by making payment of the relevant amount of the Difference Claim to the Affected Clearing Member for the account of the relevant ICM Client.
If no such act has been taken within one month after the Termination Date, Eurex Clearing AG shall be entitled to discharge the Difference Claim owed by it by payment to the Affected Clearing Member for the account of the ICM Client.
Upon the occurrence of a Termination Date (as defined in Number 7.2), all Clearing Licenses of the Affected Clearing Member (as defined in Number 6.2) shall expire automatically.
Upon the occurrence of a Clearing Member Termination Date, all Clearing Licenses of the Affected Clearing Member shall expire automatically.
The BCM Affected Clearing Member and the Non-Affected Clearing Members shall, subject to the Liability Cap, be obliged to make such Further Contributions to the Default Fund, in each case as soon as possible but no later than one Business Day following receipt of Eurex Clearing AG’s demand.
If an Affected Clearing Member is a Defaulter, this paragraph 12.4 shall not restrict the rights of the Clearing House to close out, terminate or liquidate any Contract in any other manner in accordance with Part 9 of the Rules.