Clearing Member definition

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.
Clearing Member means a member of a Clearing House that is authorized to clear trades in any or all Swaps for a Participant or its Accounts or Customers. Each Clearing Member must sign documentation required by BSEF.
Clearing Member means a clearing member as defined in point 14 of Article 2 of Regulation (EU) No 648/2012;

Examples of Clearing Member in a sentence

  • If an Agreed CCP or Clearing Member does not accept a transaction for clearing, the Firm will notify the Client promptly and the Firm will have no obligation under this Agreement or otherwise (and, in particular, no obligation in respect of any Loss which may arise as a result of any interval before notification of non-acceptance is made) to the Client in respect of the transaction.

  • If the Firm is not a member of a particular trading venue, the Firm may choose to transmit orders for execution on the Client's behalf with or through an intermediate broker, including a Clearing Member, and the Firm may use other parties or agents in the course of providing related Services.

  • Where the relevant Infrastructure or Clearing Member does not specify a particular CM/Firm Transaction (as applicable) when making a delivery or exercising an option, the Firm may allocate the delivery or exercise to any Transaction.

  • The Client agrees to cooperate with the Firm and that any information relevant to the enquiry may be passed to any Associate of the Firm or any Infrastructure, Clearing Member, other intermediate broker or regulatory body as may be appropriate and the Client will update that information or data as required by the Firm from time to time.

  • The Client will promptly provide the Firm with any information the Firm determines is required, permitted or desirable to enable the Firm or any Associate of the Firm to comply with any Applicable Regulations, to respond to requests from any Infrastructure, Clearing Member, other intermediate broker or regulatory body in relation to the Client's orders or Transactions or other matters relating to the Services (including the identity of Clients given direct access to a trading venue by electronic means).


More Definitions of Clearing Member

Clearing Member means an undertaking which participates in a CCP and which is responsible for discharging the financial obligations arising from that participation;
Clearing Member means a member of a Clearing House that is authorised to clear trades in financial instruments for itself or others.
Clearing Member means General Clearing Member or Individual Clearing Member;
Clearing Member means a firm qualified to clear trades through the Clearing House.
Clearing Member means a member of a Clearing House that is authorised to clear Trades in Instruments for a Participant or its Principal.
Clearing Member means a member of a DCO that is authorized to clear Swaps for itself and/or for other Persons.
Clearing Member. : shall mean a legal person admitted to the System