Central counterparties definition

Central counterparties means the parties set out in Article 2, point (1) of EU regulation no. 648/2012 on OTC derivatives, central counterparties and trade repositories;
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Central counterparties means persons who, in the operation of a clearing and guarantee system for financial instruments pursuant to Article 70 of the Consolidated Law on Finance, interpose themselves between the direct participants in the system and act as exclusive counterparties with respect to their transfer orders;
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Central counterparties means the entities specified in Article 2, paragraph 1, of European Regulation (EU) No. 648/2012 (EMIR Regulation) and the Council of 4 July 2012, concerning OTC derivatives, central counterparties and trade data repositories;
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Examples of Central counterparties in a sentence

  • Exposure to Central counterparties arising from over-the-counter derivative trades, exchange traded derivatives transactions and security financing transactions (SFTs), attracts capital charges applicable to Central Counterparty.

  • Central counterparties (“CCPs”) play a key role in financial markets by mitigating counterparty credit risk on transactions of their participants.

  • Annex 1: Example of how to calculate the market value of forwards and swaps 16 Annex 2: Central counterparties (CCPs) 17 Annex 3: Definition of technical terms 20 1.

  • Central counterparties (CCPs) are critical market infrastructures that contribute to reducing and mitigating counterparty credit risk in derivatives markets.

  • Central counterparties facilitate the market participants’ risk management and reduce the complex- ity of the financial system.

  • Central counterparties do not publicly share anything, or share very little information, on how they measure and capture their intra-day risk in their Clearing Fund.

  • Central counterparties, or clearing houses, have existed in the financial markets since the late 19th century.

  • Central counterparties are defined as entities that are set up to clear standardized credit default swap contracts.

  • Central counterparties (CCPs) interpose themselves between counterparties to a derivative contract, becoming the buyer to every seller and the seller to every buyer.

  • Central counterparties and FCMs can require termination of existing cleared swap upon the occurrence of certain events, and can also require increases in margin above the margin that is required at the initiation of the swap agreement.


More Definitions of Central counterparties

Central counterparties means the entities specified in Article 2, paragraph 1, of European Regulation (EU) No. 648/2012 (EMIR Regulation) and the Council of 4 July
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Central counterparties means those central counterparties which:
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Central counterparties. : «Central counterparties» shall mean the parties set out in Article 2, point (1) of EU regulation no. 648/2012 on OTC derivatives, central counterparties and trade repositories; entities that, in the management of a netting and guarantee system for financial instruments, interpose themselves between direct participants in the system, acting as exclusive counterparties with regard to their transfer orders;
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Central counterparties means the entities specified in Article 2, paragraph 1, of
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Central counterparties means financial institutions intermediating between the securities market participants. Financial Collateral Arrangements
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Related to Central counterparties

  • central counterparty means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;

  • Counterparties means banks and/or brokers through whom the Company may cover its transactions with Clients;

  • Financial Counterparty has the meaning given to such term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 12 C.F.R. 382.1 and 12 C.F.R. 47.2.

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • Treasury Management Bank means (a) any Person that is a Lender or an Affiliate of a Lender at the time that it becomes a party to a Treasury Management Agreement with any Loan Party and (b) any Lender or Affiliate of a Lender that is a party to a Treasury Management Agreement with any Loan Party in existence on the Closing Date.

  • Local Parties shall be defined as the Board or the local OSSTF/FEESO bargaining unit party to a collective agreement.

  • Cash Management Agreements means those certain cash management agreements, in form and substance satisfactory to Agent, each of which is among the applicable Credit Party, Agent, and one of the Cash Management Banks.

  • Party/Parties means Buyer and Seller individually/collectively.

  • Lender Counterparty means each Lender or any Affiliate of a Lender counterparty to a Hedge Agreement (including any Person who is a Lender (and any Affiliate thereof) as of the Closing Date but subsequently, whether before or after entering into a Hedge Agreement, ceases to be a Lender) including, without limitation, each such Affiliate that enters into a joinder agreement with Collateral Agent.

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Hub Provider means an entity that (i) provides Common Channel Signaling (SS7) connectivity between the networks of service providers that are not directly connected to each other; or (ii) provides third party database services such as LIDB. The SS7 messages received by Hub Providers are accepted or rejected by the Hub Provider depending on whether a contractual arrangement exists between the Hub Provider and the message originator (sender) and whether the message originator has contracted for the type of SS7 messages being submitted for transmission to the Hub Provider.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Reporting Counterparty means, for purposes of Part 45 of CFTC Regulations, the Participant or Authorized Trader that is designated as such pursuant to Rule 528(b).

  • Secured Treasury Management Agreement means any Treasury Management Agreement between any Loan Party or Subsidiary and any Treasury Management Bank; provided, that for any of the foregoing to be included as a “Secured Treasury Management Agreement” on any date of determination by the Administrative Agent, the applicable Treasury Management Bank (other than the Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination.

  • Swap Providers means, collectively, the Asset Swap Providers, the Liability Swap Providers and the providers of any other swap agreements entered into in connection with the Programme;

  • Rural county means a county of the third, fourth, fifth, or sixth class.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • High managerial agent means an officer of a nursing facility, the administrator and assistant administrator of the nursing facility, the director and assistant director of nursing services, or any other agent in a position of comparable authority with respect to the formulation of policies of the nursing facility or the supervision in a managerial capacity of subordinate employees.

  • Agent’s Group has the meaning specified in Section 8.02(b).

  • Treasury Management Agreement means any agreement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Co-Documentation Agents as defined in the preamble hereto.

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • Providers means individuals or organizations --------- licensed to practice dentistry (including specialists) as well as other dental professionals who provide ancillary reimbursable dental services.

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • Telecommunications provider means that term as defined in section 102 of the Michigan telecommunications act, 1991 PA 179, MCL 484.2102.