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).