Examples of Cboe Clear in a sentence
The Clearing Participant shall procure that debit instructions received from Cboe Clear are honored by the relevant bank.
The relevant direct debit instructions will be released by Cboe Clear at approximately 07:00 CET.
Cboe Clear shall credit the relevant account of a Clearing Participant for the net amount receivable by the Clearing Participant on the next Clearing Day following such calculation of the amount receivable, after 08:30 CET.
As the transaction and settlement reporting for the Spanish market requires additional information, which Clearing Participants/settlement agents in Spain are required to process, Cboe Clear has developed a file containing details of the Spanish Transactions and Settlements, called STS file.
For a Clearing Participant, this SFI account maintained at Cboe Clear can be a sub account of the House Position Account.
Cboe Clear may request Clearing Participants to shape a settlement instruction as from T+1.
Based on the STS file or a download from the PTI, a settlement agent may request Cboe Clear to hold individual gross sell executions by sending a file containing the Trade Leg references and the requested status change.
Cboe Clear will only process this report as from 07:10 CET until 15:10 on SD until SD+5.
Cboe Clear offers the option “hold by default” for Clearing Participants delivery obligations that settle on a Third Party Account.
In addition to the before described ownership reporting process, Cboe Clear offers an ownership reporting service which allows the Clearing Participants to report ownership during all Clearing Days between 07:00 – 19:30 CET.