Examples of Cleared Block Trade in a sentence
If the SEF does not promptly receive confirmation or receives confirmation that the Order or Cleared Block Trade does not satisfy the Clearing Member’s pre-execution limits, the SEF will cancel the Order or Cleared Block Trade.
Upon receiving confirmation that the Order or Cleared Block Trade satisfies the Clearing Member’s pre-execution limits, the SEF will accept the Order or Cleared Block Trade for execution.
Rule 4017 Pre-Execution Credit Checks At the time of submitting an Order for any Cleared Swap or any Cleared Block Trade, a Participant must designate a Clearing Member with regard to the Transaction (which may be the Participant if it is a Clearing Member).
Prior to the execution of any Order for a Cleared Swap or any Cleared Block Trade, the SEF will facilitate pre-execution credit screening by or on behalf of the designated Clearing Member.