Backup Clearing Member definition

Backup Clearing Member means the Clearing Member(s) (a) indicated by a Clearing
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Backup Clearing Member means the Clearing Member(s) indicated by a Clearing Client as acting as such and notified to the Clearing House from time to time
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Backup Clearing Member means the Clearing Member(s) indicated by a Clearing Client as acting as such and notified to the Clearing House from time to time"Backup Client"means an Indirect Gross Account Clearing Client identified by a Clearing Member to the Clearing House for the purposes of a transfer of Related Contracts pursuant to a Client to Client Porting"Backload Registration Cycle"has the meaning assigned to it in the Procedures"Backloaded Registration Trade"has the meaning assigned to it in the Procedures"Block IRS Trade"means a trade the notional amount of which is at or above the minimum block size established by the CFTC pursuant to CFTC Regulation 43.6 for the interest rate asset class and in effect as of the date of submission of such trade to the Clearing House for registration"Board"means the board of directors or other governing body (whether called a board, a committee or otherwise) of an Exchange"Bond Trade"means a trading activity in which a RepoClear Participant offers to sell RepoClear Eligible Securities, and another RepoClear Participant offers to purchase those RepoClear Eligible Securities, and a trade subsequently ensues“Bulk Event”has the meaning as described in Regulation 60(f)“Bulk Event Cycle”has the meaning as described in Regulation 60(f)"Bulk Threshold"means the threshold (defined as a given number of SwapClear Contracts) established from time to time by the Clearing House in its sole and absolute discretion to distinguish Intra-Day Bulk Transfers from Intra-Day Non- Bulk Transfers and notified to SwapClear Clearing Members"Business"means any transactions, liabilities or obligations arising out of any contract and includes, in relation to the relevant Services, Commodities Business, Equities Business, ForexClear Business, RepoClear Business and Rates Service Business.
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Examples of Backup Clearing Member in a sentence

  • Porting of SwapClear Contracts, following a SwapClear Clearing Member's Default is always subject to the Clearing House's receipt of consent from the relevant Backup Clearing Member.

  • Note: The appointment by a SwapClear Clearing Client of a Backup Clearing Member and the notification of a Backup Clearing Member to the Clearing House does not mean that SwapClear Contracts will always be transferred to that Backup Clearing Member.

  • A SwapClear Clearing Client may appoint a Backup Clearing Member for the purposes of the porting of the SwapClear Contracts entered into by a SwapClear Clearing Member on its behalf, in accordance with the Client Clearing Annex.

  • In the event that a Defaulting Clearing Member or a Backup Clearing Member is a CCM, any transfer of Client Pledged Eligible Collateral shall be undertaken in accordance with this Paragraph 3.16 and the CDS Clearing Documentation.

  • Porting of EquityClear Contracts, following a EquityClear Clearing Member's Default is always subject to the Clearing House's receipt of consent from the relevant Backup Clearing Member.

  • Where, following the Default of a SwapClear Clearing Member, the Clearing House is notified of the existence of such a Backup Clearing Member in respect of a SwapClear Clearing Client, the Clearing House is entitled, in accordance with the Client Clearing Annex, to immediately and without notice to any person, send details of the Relevant Contracts and Account Balances to that appointed Backup Clearing Member.

  • An EquityClear Clearing Client may appoint a Backup Clearing Member for the purposes of the porting of the EquityClear Contracts entered into by a EquityClear Clearing Member on its behalf, in accordance with the Client Clearing Annex.

  • Note: The appointment by an EquityClear Clearing Client of a Backup Clearing Member and the notification of a Backup Clearing Member to the Clearing House does not mean that EquityClear Contracts will always be transferred to that Backup Clearing Member.

  • Where, following the Default of a EquityClear Clearing Member, the Clearing House is notified of the existence of such a Backup Clearing Member in respect of a EquityClear Clearing Client, the Clearing House is entitled, in accordance with the Client Clearing Annex, to immediately and without notice to any person, send details of the Relevant Contracts and Account Balances to that appointed Backup Clearing Member.

  • Porting of RepoClear Contracts, following a RepoClear Clearing Member's Default is always subject to the Clearing House's receipt of consent from the relevant Backup Clearing Member.


More Definitions of Backup Clearing Member

Backup Clearing Member means the Clearing Member(s) indicated by a Clearing Client as acting as such and notified to the Clearing House from time to time"Backup Client"means an Indirect Segregated Account Clearing Client identified by a Clearing Member to the Clearing House for the purposes of a transfer of Related Contracts and Collateral pursuant to a Client to Client Porting"Backload Registration Cycle"has the meaning assigned to it in the Procedures"Backloaded Registration Trade"has the meaning assigned to it in the Procedures"Block IRS Trade"Mmeans a trade the notional amount of which is at or above the minimum block size established by the CFTC pursuant to CTFTC Regulation 43.6 for the interest rate asset class and in effect as of the date of submission of such trade to the Clearing House for registration"Board"means the board of directors or other governing body (whether called a board, a committee or otherwise) of an Exchange"Bond Trade"means a trading activity in which a RepoClear Participant offers to sell RepoClear Eligible Securities, and another RepoClear Participant offers to purchase those RepoClear Eligible Securities, and a trade subsequently ensues"Bulk Threshold"means the threshold (defined as a given number of SwapClear Contracts) established from time to time by the Clearing House in its sole and absolute discretion to distinguish Intra-Day Bulk Transfers from Intra-Day Non- Bulk Transfers and notified to SwapClear Clearing Members"Business"means any transactions, liabilities or obligations arising out of any contract and includes, in relation to the relevant Services, Commodities Business, Equities Business, ForexClear Business, RepoClear Business and Rates Service Business."business day"means in respect of a Cleared Exchange Contract, an OTC Contract (except where specified otherwise in the relevant OTC Contract Terms), an LCH EnClear Contract (except where specified otherwise in the LCH EnClear Contract Terms), an EquityClear Contract, and a Listed Interest Rates Contract (except where specified otherwise in the Listed Interest Rates Contract Terms) a day on which the Clearing House is open for business
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Backup Clearing Member has the meaning specified in the LCH General Regulations.
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Backup Clearing Member means the Clearing Member(s) (a) indicated by a Clearing Client as acting as such, and (b) notified to the Clearing House from time to time in an Appointment Notice and in accordance with the procedure determined by the Clearing House
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Related to Backup Clearing Member

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Trading Member means a Person who has been approved by Nadex to trade directly and not through a FCM Member on the Market, and does not include any FCM Member.

  • Clearing Participant has the meaning given to such term in the rules of CCASS.

  • Restricted Global Security As defined in Section 3.01(c).