Carrying FCM Clearing Member definition

Carrying FCM Clearing Member means an FCM Clearing Member carrying an account for a Client, and in respect of which the Contracts and Collateral attributable to such account may be transferred to a Receiving FCM Clearing Member pursuant to Regulation 108 and in accordance with the Procedures.
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Examples of Carrying FCM Clearing Member in a sentence

  • The Carrying FCM Clearing Member agrees to indemnify the Clearing House in respect of all liabilities, costs, loss, fees, damages or expenses suffered or incurred by the Clearing House (howsoever arising or occurring) by reason of a proposed transfer being rejected by the Carrying FCM Clearing Member other than pursuant to the grounds set out in the final paragraph of Regulation 108(a).Regulation 112 Records and Recordkeeping (a) Trading Information.

  • Where the Porting Contracts constitute the entire portfolio of a Client’s Contracts registered with the Carrying FCM Clearing Member (and only in such case), the Receiving FCM Clearing Member may also request in connection with such transfer the transfer of the Collateral attributable to such Client’s Client Segregated Sub-Account (such Collateral, the “Porting Collateral”).

  • A Receiving FCM Clearing Member may, upon the instruction or at the request of a Client, request (in the manner set out in the Procedures) that the Clearing House transfer to the Receiving FCM Clearing Member some or all of a Client’s Contracts registered to its Client Segregated Sub-Account with a Carrying FCM Clearing Member (such Contracts subject to transfer, the “Porting Contracts”).

Related to Carrying FCM 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.

  • 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.

  • Approved Clearing Agency means any other domestic clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 which acts as a securities depository but only if the Custodian has received a certified copy of a resolution of the Board approving such clearing agency as a securities depository for the Trust.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Exchanging Member means a Member that Exchanges some or all of its Units.

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Trading Partner means any external computer interoperating with a Licensed Component through one or more protocols, one or more networks, or one or more adapters;

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

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

  • Joint Trading Account shall have the meaning set forth in the preamble of this Agreement.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Indirect Depository Participant An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.

  • 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”);

  • Unrestricted Global Security means a Global Security that is not a Restricted Security.

  • Regulation S Permanent Global Security means a permanent global Security in the form of Exhibit A hereto bearing the Global Security Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Regulation S Temporary Global Security upon expiration of the Restricted Period.

  • Exchanging Partner has the meaning provided in Section 8.05(a) hereof.

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.

  • Capacity Resource Clearing Price means the price calculated for a Capacity Resource that offered and cleared in a Base Residual Auction or Incremental Auction, in accordance with Tariff, Attachment DD, section 5.

  • Deposit Holder means _________ (state name and location of Deposit Holder) or, if left blank, the Sellers' Bank, which shall hold and release the Deposit in accordance with this Agreement.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Depository Participant A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

  • European Clearing Systems means, collectively, Clearstream, Luxembourg and Euroclear.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Transferring Member has the meaning set forth in Section 9.4.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.