CCMS Collateral Account definition

CCMS Collateral Account has the same meaning as in the Clearing Rules.
Sample 1Sample 2Sample 3
CCMS Collateral Account means any account established in CCMS for a Participant other than an Investor Participant for debiting and crediting collateral, as referred to in Rule 601A. For the purposes of the Rules and the Operational Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS for a Participant by another Recognized Clearing House under its rules;
Sample 1Sample 2Sample 3
CCMS Collateral Account means any account established in CCMS for a Participant other than an Investor Participant for debiting and crediting collateral, as referred to in Rule 601A. For the purposes of the Rules and the Operational Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS for a Participant by another Recognized Clearing House under its rules;“CCMS House Collateral Account”means House Collateral Account 0001 established in CCMS for a Participant (other than an Investor Participant) or, in the case of a Clearing Agency Participant which is a China Connect Clearing House, for such Participant in respect of each Special Participant, as referred to in Rule 601A;“China Connect Securities Trade”means a trade in China Connect Securities (including Special China Connect Securities) executed on a China Connect Market through an SEHK Subsidiary under a Trading Link;“Clearing Links Agreement”means an agreement that is or may be entered into by HKSCC with a China Connect Clearing House relating to one or more Clearing Links (as may be amended, restated and/or supplemented from time to time);“Collateral Security”means an Eligible Security which is from time to time held by or deposited with HKSCC by a Participant for credit into the relevant CCMS Collateral Account of such Participant, in accordance with Rule 3601, 3601A, 3603 or 3608;
Sample 1

Examples of CCMS Collateral Account in a sentence

  • To the extent that the collateral in the SEOCH Participant’s relevant CCMS Collateral Account is insufficient, funds will be collected from the appropriate SEOCH Participant’s account with the Designated Bank or Settlement Bank by Direct Debit Instructions.

  • Upon verifying the availability of excess securities collateral in its CCMS Collateral Account, the SEOCH Participant may withdraw securities held in its CCMS Collateral Account by inputting a transfer instruction via a CCASS terminal to transfer securities from the SEOCH Participant’s CCMS Collateral Account to one of the Stock Accounts in CCASS maintained by that SEOCH Participant or the CCASS GCP, where applicable, other than the Stock Collateral Control Account.

  • The cover call request will be confirmed via DCASS if the quantity of underlying securities available in its CCMS Collateral Account is sufficient and upon confirmation, such underlying securities will be used as Specific Securities Collateral in CCMS.

  • A securities collateral withdrawal request will be accepted only to the extent that the value of the General Collateral in the CCMS Collateral Account exceeds the SEOCH Participant’s current margin requirement.

  • A SEOCH Participant or the CCASS GCP with which a SEOCH Participant has entered into a CCASS Clearing Agreement, must input a transfer instruction via a CCASS terminal to transfer securities from one of its Stock Accounts in CCASS other than the Stock Collateral Control Account to the SEOCH Participant’s CCMS Collateral Account.

  • Upon verifying the availability of excess securities collateral in the CCMS Collateral Account, the relevant short call positions that are being covered will be excluded from calculation of margin requirements.

  • Upon successful transfer, the Stock Collateral Control Account of the SEOCH Participant or the CCASS GCP, where applicable, in CCASS and the CCMS Collateral Account of the SEOCH Participant will be updated automatically and the securities balance in the CCMS Collateral Account of the SEOCH Participant will be immediately made available for use as securities collateral of the SEOCH Participant.

  • No transfer will be made if there are insufficient funds in the designated House CCMS Collateral Account of the SEOCH Participant for this purpose or if the pending stock positions are not accepted by HKSCC for settlement under the CNS System.

  • All To-be-Released collateral are DCASS account specific and will be released as General Collateral in the SEOCH Participant’s CCMS Collateral Account after day-end processing and settlement of next day margin call, if any.

  • Upon receipt of the underlying securities in full settlement of the pending stock positions, SEOCH will credit the related Settlement Amount to the SEOCH Participant's CCMS Collateral Account on T+2 for same day value.


More Definitions of CCMS Collateral Account

CCMS Collateral Account means an account established in CCMS for
Sample 1Sample 2
CCMS Collateral Account means any account established in CCMS for a Participant other than an Investor Participant for debiting and crediting collateral, as referred to in Rule 601A. For the purposes of the Rules and the Operational Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS for a Participant by another Recognized Clearing House under its rules;“CCMS House Collateral Account”means House Collateral Account 0001 established in CCMS for a Participant (other than an Investor Participant) or, in the case of a Clearing Agency Participant which is a China Connect Clearing House, for such Participant in respect of each Special Participant, as referred to in Rule 601A;
Sample 1
CCMS Collateral Account means an account established in CCMS for each HKCC Participant for debiting and crediting collateral. For the purposes of the Clearing House Rules and the Clearing House Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS for an HKCC Participant by another Recognized Clearing House under its rules;
Sample 1
CCMS Collateral Account means an account established in CCMS for each SEOCH Participant for debiting and crediting collateral. For the purposes of these Clearing Rules and the Operational Clearing Procedures, unless otherwise specified, the term “CCMS Collateral Account” does not include an account established in CCMS by HKSCC or by HKCC under their respective rules;“CCMS Terminal User Guide”means the manual entitled “CCMS Terminal User Guide” relating to the operation of CCMS, as amended from time to time by SEOCH;“Chairman of the SEOCH Board”means the person from time to time holding the office of Chairman of the SEOCH Board or his designee;"Clearing Agreement"has the same meaning as in the Options Trading Rules;"Clearing Rules"means these rules of SEOCH, as from time to time in effect;"Client Contract"has the same meaning as in the Options Trading Rules;"closing contract"has the same meaning as in the Options Trading Rules;“CNS System”has the same meaning as in the CCASS Rules;"Commission"has the same meaning as in the Exchange Rules;"Contract"has the same meaning as in the Options Trading Rules;“controller”has the same meaning as in Part III of the Securities and Futures Ordinance;“Currency of the Contract”means the currency in which a Contract is traded;"Daily Margin"means the aggregate amount determined by SEOCH after System Closure on each trading day to be payable in respect of a SEOCH Participant’s open positions and delivery obligations as determined by SEOCH;;“DCASS”means the Derivatives Clearing and Settlement System operated by SEOCH and HKCC;“DCASS Agreement”means the subscription and license agreement in such form as may be prescribed by SEOCH from time to time and which is entered into between SEOCH and a SEOCH Participant entitling the SEOCH Participant to participate in DCASS in accordance with Chapter 11;
Sample 1

Related to CCMS Collateral Account

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.