Examples of Bidding Participant in a sentence
Any amount received by Eurex Clearing AG from the relevant Bonds Non- Bidding Participant shall be added to, and forthwith be part of, the Dedicated Amount of Eurex Clearing AG in accordance with Number 6.1.3. If, upon the occurrence of a Realisation Event, any Contributions to the Clearing Fund of the Bonds Non-Bidding Participant are realised, the amount calculated in accordance with this provision shall be reduced by the sum of the realised Contributions (but shall in no case be a negative amount).
Notwithstanding clause 6, the Participant is a (please tick the applicable box): Bidding Participant only Offering Participant only Bidding Participant and an Offering Participant View-Only Participant The Participant will only: make Bids if it is a Bidding Participant; and make Offers if it is an Offering Participant.
The proposed rule change would further clarify that in such a case, a Clearing Participant will take on the same position as a Senior Bidder, Split Bidder, Subordinate Bidder, or Non- Bidding Participant as the affiliate, as appropriate.
Under this proposed provision, no Bidding Participant shall vote in the process narrowing the set of Shortlisted Bidders, if a Bid submitted by or including the Participant or an Affiliate of the Participant is a Shortlisted Bid.