Examples of ASX Clear in a sentence
The ETO Product Disclosure Statement will contain important information regarding trading ETOs, including the fees charged by ASX Clear.
However, we will owe the settlement obligations in respect of that transaction to ASX Clear as principal.
However, Pershing will owe the settlement obligations in respect of that transaction to ASX Clear as principal.
Your clearing obligations and any settlement obligations are therefore owed directly to Pershing (and not the Broker).In the event that you fail to complete a contract in accordance with the ASX Clear Rules or fail to pay the amounts due in respect of a Transaction, Pershing has direct rights against you, including rights of sale under the Exchange Rules and ASX Clear Rules and those described in these Terms and Conditions.
ASX Settlement Operating Rules means the operating rules of ASX Settlement and, to the extent that they are applicable, the operating rules of the Exchange and the operating rules of ASX Clear Pty Limited (ACN 001 314 503).