Clearing Agency Accounts definition
Clearing Agency Accounts means the DTC Accounts, the NSCC Accounts, the FICC Accounts, the OCC Accounts and any other clearing agency accounts (including any related clearing fund or guaranty fund deposit) of Transferor related to the provision of Correspondent Clearing Services.
Examples of Clearing Agency Accounts in a sentence
In order to effect the transfer, concurrently with the Closing, the Transferor will novate to Transferee, so that Transferee owns and controls these accounts at Closing, the Clearing Agency Accounts, the Novated Bank Accounts and Reserve Bank Accounts (collectively, the “Novated Accounts”).