Clearing Facility definition

Clearing Facility means, in relation to a Market Transaction, the clearing and settlement facility, within the meaning of section 761A of the Corporations Act, through which the Market Transaction has been or will be cleared.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Clearing Facility means the clearing and settlement facility, within the meaning of section 761A of the Corporations Act, through which transactions in Cash Market Products or Derivative Products have been or will be cleared. Clearing Participant means Interactive Brokers Australia Pty Ltd (ACN ▇▇▇ ▇▇▇ ▇▇▇; AFSL 453554; a participant of ASX Clear and ASX Clear (Futures)).

Clearing Facility means a facility for the clearing and settlement of securities traded on a securities exchange;

Examples of Clearing Facility in a sentence

• The Client acknowledges that each Option registered with an Approved Clearing Facility is subject to operating rules and the practices, directions, decisions and requirements of that Approved Clearing Facility.

• Similarly, the Client acknowledges that each Option registered with an Alternative Clearing Facility under ASX Operating Rule 1.1050 is subject to the operating rules and the practices, directions, decisions and requirements of that facility.

• EEX AG as such oper- ates exchange trading and an OTC Clearing Facility by which it offers to exchange clearable OTC contracts for corresponding EEX contracts.

• Trades are primarily cleared by netting them in the clearing and settlement system of the European Multilateral Clearing Facility acting as the central counterparty and executed in Euroclear Finland’s automated clearing and settlement system on the second (2nd) banking day after the trade date (T+2) unless otherwise agreed by the parties.

More Definitions of Clearing Facility

Clearing Facility means a facility for the clearing or settlement of transactions in financial instruments;

Clearing Facility means the facility provided by ASX Clear as described in Rule 1.1.

Clearing Facility means a person that –

Clearing Facility means a person that – maintains records of trades of securities for the purpose of settling claims for money and securities; maintains records of transfers and pledges of securities for the purpose of permitting securities to be transferred by record entry; holds security certificates deposited with it for the purpose of permitting securities to be transferred by record entry; performs any combination of two or more functions referred to in paragraphs (i) to (iii), or operates a centralised facility for the settlement of trades and other activities regularly undertaken by persons referred to in paragraphs (i) to (v); and does not include a licensee or financial institution acting exclusively in the ordinary course of its customary business;

Clearing Facility means a facility for —

Clearing Facility means a facility for the —

Clearing Facility means ASX Clear (Futures) Pty Ltd (ACN 050 615 864)LCH.Clearnet.