Cleared Swaps Customer Account definition

Cleared Swaps Customer Account means “Cleared Swaps Customer Account” as such term is defined in CFTC Regulation 22.1.
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Cleared Swaps Customer Account means “any account for the Cleared Swaps of Cleared Swaps Customers and associated Cleared Swaps Customer Collateral that: (1) a futures commission merchant maintains on behalf of Cleared Swaps Customers (including, in the case of a Collecting Futures Commission Merchant, the Cleared Swaps Customers of a Depositing Futures Commission Merchant) or (2) a derivatives clearing organization maintains for futures commission merchants on behalf of Cleared Swaps Customers thereof.” CFTC Regulation
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Cleared Swaps Customer Account means the account class for cleared swaps accounts (as defined in CFTC Regulations 190.01(a)(i)) for purposes of Part 190 of the CFTC Regulations and Section 4d(f) of the CEA. means “Cleared Swaps Customer Account” as such term is defined in CFTC Regulation 22.1.
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Examples of Cleared Swaps Customer Account in a sentence

  • All FCM Participants must submit a daily Customer Segregated Account statement and a Cleared Swaps Customer Account statement, as applicable, through Company-approved electronic transmissions by 12:00 noon on the following Settlement Bank Business Day.

  • The report reflects the most recent semi-monthly information, and the public also has the ability to see information for the most recent twelve-month period.A 30.7 Customer Funds report and a Customer Cleared Swaps Collateral report provides the same information with respect to the 30.7 Account and the Cleared Swaps Customer Account.

  • Information contained within position- keeping accounts is consolidated into financial accounts, as follows:(a) Relationship with Position-Keeping Accounts Position- keeping Account Financial Account C ClientCLCH ForexClear Client Segregated Depository Account used for Initial Margin Flows ClientLLCH ForexClear Client Segregated Depository Account used for Variation Settlement FlowsH HouseHProprietary Account The C account is a Cleared Swaps Customer Account as defined in Part 22 of the CFTC Regulations.

  • Funds deposited with an FCM, or otherwise required to be held for the benefit of customers, to margin swaps cleared through a registered DCO, i.e., Cleared Swaps Customer Collateral, are held in a Cleared Swaps Customer Account in accordance with the provisions of section 4d(f) of the Act and Part 22 of the Commission’s rules.

  • The report reflects the most recent semi-monthly information, and the public also can see information for the most recent twelve-month period.A 30.7 Customer Funds report and a Customer Cleared Swaps Collateral report provides the same information with respect to the 30.7 Account and the Cleared Swaps Customer Account.

  • The Excess account is a sub-account of the C account and is therefore a Cleared Swaps Customer Account as defined in Part 22 of the CFTC Regulations.

  • LSOC is an acronym for “legally separated, operationally commingled.” Funds required to be held in a Cleared Swaps Customer Account may be commingled in an omnibus account and held with: (i) a bank or trust company located in the US; (ii) a bank or trust company located outside of the US that has in excess of $1 billion of regulatory capital; (iii) a DCO; or (iv) another FCM.

  • Nothing contained herein shall be construed to limit, in any way, the right of a derivatives clearing organization or Collecting Fu- tures Commission Merchant to liq- uidate any or all positions in a Cleared Swaps Customer Account in the event of a default of a clearing member or Depositing Futures Commission Mer- chant.[77 FR 66335, Nov.

  • Information contained within position- keeping accounts is consolidated into financial accounts, as follows:(a) Relationship with Position-Keeping Accounts Position- keeping Account Financial Account C ClientCLCH ForexClear Client Segregated Depository Account used for Initial Margin Flows ClientLLCH ForexClear Client Segregated Depository Account used for VariationSettlement FlowsH HouseHProprietary Account The C account is a Cleared Swaps Customer Account as defined in Part 22 of the CFTC Regulations.

  • LSOC is an acronym for “legally separated, operationallycommingled.” Funds required to be held in a Cleared Swaps Customer Account may be commingled in an omnibus account and held with: (i) a bank or trust company located in the US; (ii) a bank or trust company located outside of the US that has in excess of $1 billion of regulatory capital; (iii) a DCO; or (iv) another FCM.

Related to Cleared Swaps Customer Account

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Cleared Swap means a Swap that is subject to the mandatory clearing requirement of Section 2(h)(1)(A) of the CEA or any Swap that is intended by a Participant to be submitted to a DCO for clearing contemporaneously with execution.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Customer Deposits means deposits made by customers with respect to the purchase of goods or the performance of services.

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Collection Accounts As defined in Section 3.10(a).

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Unallocated Account means the account maintained by us in your name on an Unallocated Basis pursuant to this agreement.

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

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