Examples of Bank Clearing Member in a sentence
Amendments to SGX-DC Clearing Rules2.22.1 Without prejudice to any other provisions of this Rules, every Clearing Member shall forthwith notify the Clearing House upon, or where practicable, pre-notify the Clearing House of, the happening of all or any of the following events:— … 2.22.1.7 the engagement or involvement or proposed engagement or involvement in any new business or any change in any of its business(es) or in the case of a Bank Clearing Member, its business governed by this Rules.
For the avoidance of doubt, reference to "information, books and records" in relation to a Bank Clearing Member shall refer to information, books and records falling within the Bank Clearing Member's business governed by this Rules.
A Clearing Member, except for a Bank Clearing Member, shall, unless exempted in writing by the Clearing House, at least thirty (30) days prior to any general meeting whereat new auditors are to be appointed notify the Clearing House in writing of such meeting and shall consult the Clearing House on such appointment.
Without prejudice to the foregoing, where the internal audit is conducted for a Bank Clearing Member, it shall be limited to the Bank Clearing Member's operations governed by this Rules.
A General Clearing Member or Bank Clearing Member shall cause its internal auditors to conduct an internal audit of its operations annually or at such times and within such scope as prescribed by the Clearing House and to submit a report of each internal audit conducted and the follow-up actions taken to the Clearing House by such time as may be prescribed by the Clearing House.
In the case of a Bank Clearing Member, its net liability shall include, without limitation, the liability of its Asian Currency Unit.
This Letter of Representation should be accompanied by a certified copy of the Power of Attorney or Board Resolution of the Bank Clearing Member authorising the execution of this Letter of Representation the authorised signatory.
Amended on 27 March 2006 and 22 September 2006.7.22.1AA Clearing Member, except in the case of a Bank Clearing Member, shall collect margins for over-the-counter spot trades in Loco-London and foreign currency contracts from Third Parties (including Customers) for whom the Clearing Members procure the over-the-counter spot trades and from the direct buying or selling counterparties.
Added on 1 0 August 2007.2.12.4A Bank Clearing Member can, subject to the Rules and/or unless otherwise notified by the Clearing House:— 2.12.4.1 clear its own trades and trades of Third Parties; 2.12.4.2 by its Clearing Membership with the Clearing House participate in the clearing system established and maintained by the Clearing House to clear Contracts; and 2.12.4.3 have access to each Mutual Offset System.