Clearing Business definition

Clearing Business has the meaning set forth in Section 7.2.
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Examples of Clearing Business in a sentence

  • The H account is obligatory, the C account will be used in respect of any SCM which engages in SwapClear Client Clearing Business.

  • The account types are: H for SwapClear Clearing House Business; and C for SwapClear Client Clearing Business.

  • A SwapClear Clearing Member may request that the Clearing House opens one or more Proprietary Accounts in respect of its House Clearing Business.

  • An FXCCM may request that the Clearing House opens one or more Proprietary Accounts in respect of its House Clearing Business.

  • If an SCM engages in SwapClear Client Clearing Business, the Clearing House will maintain a client "C" position-keeping account and a client "C" collateral account for such SCM, which may have any number of segregated sub- accounts.

  • An SCM's position and financial information are further identified by position-keeping accounts corresponding to a single character code: C for SwapClear Client Clearing Business and H for SwapClear Clearing House Business.

  • An EquityClear Clearing Member may request that the Clearing House opens one or more Proprietary Accounts in respect of its House Clearing Business.

  • The Rates Service Default Management Process in respect of Rates Service Clearing House Business, Relevant Auction Contracts in respect of Rates Service Client Clearing Business and FCM SwapClear House Business shall involve the processes described in this Rule 2.

  • If an FXCCM engages in ForexClear Client Clearing Business, the Clearing House will maintain a client "C" position-keeping account and a client "C" collateral account for such FXCCM, which may have any number of segregated sub-accounts.

  • A RCM may request that the Clearing House opens one or more Proprietary Accounts in respect of its House Clearing Business.

Related to Clearing Business

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • Competing Business means any business, individual, partnership, firm, corporation or other entity which wholly or in any significant part engages in any business competing with the Business in the Restricted Area. In no event will the Company or any of its affiliates be deemed a Competing Business.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Clearing Systems means, in relation to a Series of Securities, any of Euroclear, Clearstream, Luxembourg and DTC, as the case may be, and includes any additional or alternative clearing systems specified in the Issue Terms.

  • Qualifying business means a business which establishes a qualifying project in this state and which is certified by the Department of Economic Opportunity to receive tax credits pursuant to this section.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Banking Business Day means any day other than a Saturday or Sunday that is not a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close.

  • Remaining Business means all IAC Businesses other than the Spun Businesses.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • Separate Business means each of the activities of the Licensee connected

  • Surviving Business Entity has the meaning assigned to such term in Section 14.2(b).

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • Active business operations means all business operations that are not inactive business operations.

  • Competitive Business Activity means:

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Clearing Organization means (a) The Depository Trust Company, or, if agreed to by Borrower and Lender, such other “securities intermediary” (within the meaning of the UCC) at which Borrower (or Borrower’s agent) and Lender (or Lender’s agent) maintain accounts, or (b) a Federal Reserve Bank, to the extent that it maintains a book-entry system.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Resource clearing price or "RCP" means the clearing price

  • Competitive Business means any firm, partnership, joint venture, corporation and/or any other Person, and/or any licensee of such entity, that develops, manufactures, markets, distributes, provides, offers, or sells any services or products substantially similar to First Party’s services or products.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Company Business means the business of the Company as presently conducted.