Examples of Clearing Fund in a sentence
This Uncovered Residual Risk is calculated and attributed to Clearing Members through their Clearing Fund contribution.
Clearing Members and the Clearing House shall settle their obligations on a daily basis, as stipulated in the Internal Regulations of the Clearing House, incorporating in that settlement any premium agreed upon in the negotiation, re-calculation of Minimum Initial Contributions and the Clearing Fund, accrued interest and any fees due.
The proceeds from the sale of the Bonds shall be paid to the Trustee and deposited as follows (a) a sum equal to accrued interest, if any, shall be deposited in the Bond Fund and (b) the balance shall be deposited in the Clearing Fund.
The Clearing House may pay interest to each Clearing Participant on all cash balances held by the Clearing House for such Clearing Participant including the Security Deposit, Clearing Fund Contribution, and Direct Clearing Participant Deposit in the manner as the Clearing House determines.
Effective October 1, 2020, and in accordance with the implementation of GASB Statement No. 84, the Payroll Clearing Fund, previously reported as a Fiduciary Fund, was reclassified and reported in the General Fund.