Clearing Organisation definition

Clearing Organisation means any clearing house or organisation duly authorised, regulated, licensed or recognised under Applicable Laws in any jurisdiction, including, without limitation, any recognised clearing house, recognised overseas clearing house or similar entity;

Clearing Organisation means an entity which is in the business of holding obligations for member organisations and transferring obligations among such members by credit or debit to the account of a member without the necessity of physical delivery of the obligation.

Clearing Organisation means any clearing house duly authorised, regulated, recognised or

Examples of Clearing Organisation in a sentence

• In case a decision is adopted to change the Clearing Organisation engaged in the clearing of transactions concluded on the Exchange in a specific Trading Mode/Market Section, Trading Members shall be notified accordingly within 20 days before the entry of this decision into force.

• Credit/Deposit Issue Date, Credit/Deposit Maturity Date – the date in accordance with the terms of the concluded transaction and the Trading Rules on which Trading Members and/or the Clearing Organisation shall settle their obligations under the transaction (first and second legs of a Repo Transaction, credit or deposit agreement) following the procedure established in bylaws of the Clearing Organisation and/or the Trading Rules.

• The procedure for determining, registering and fulfilling obligations under Trades T+ as well as the procedure for calculating, registering and fulfilling obligations to provide collateral for such trades are set out in the Clearing Rules and other internal documents of the Clearing Organisation.

• OTC Clear obtained exemption from registration as a DCO from the U.S. CFTC, which allows OTC Clear to provide clearing services to Clearing Members that are branches or affiliates of US banks in Hong Kong without being registered as a Derivatives Clearing Organisation.

• The OTC IRS FCM Client fails to comply in any material respect with the provisions of the rulebook(s) of any other Derivatives Clearing Organisation.

More Definitions of Clearing Organisation

Clearing Organisation means any clearing house duly authorised, regulated, recognised or licensed under Applicable Laws in any jurisdiction, including any recognised clearing house, remote clearing house, recognised overseas clearing house, derivatives clearing organisation, securities clearing agency or similar entity;

Clearing Organisation means the person or organisation which acts as a medium for clearing transactions in commodities for future delivery or commodity option

Clearing Organisation means the person or organisation which acts as a medium for clearing transactions in commodities for future delivery or commodity option transactions, or for effecting settlements of contracts for future delivery or commodity option transactions, for and between members of any contract market;

Clearing Organisation means any clearing house or organisation duly authorised, regulated, licensed or recognised under Applicable Laws in any jurisdiction, including,

Clearing Organisation means any clearing house duly authorised, regulated, recognised or licensed under Applicable Laws in any jurisdiction, including any recognised clearing house, remote clearing house, recognised overseas clearing house, derivatives clearing organisation, securities clearing agency or similar entity;“Coal Contract”a contract containing the terms set out in Sections U, KK, WW, EEE and GGG of the Contract Rules and/or any other contract determined to be a Coal Contract by the Directors from time to time;“Complaints Resolution Procedure”the procedure issued by the Exchange from time to time setting out the procedures for the making of a complaint against the Exchange or its personnel by a complainant, and the investigation of such complaint;“Cross Trade”the meaning set out in Rule G.6A.1;“the compliance officer”the person or (if more than one) any of the persons for the time being holding office as compliance officer under Rule C.11.1;“Conformance criteria”means the criteria determined by the Exchange from time to time to which a front end application must conform;"Contingent Agreement to Trade"means an agreement between two parties to submit details to the Exchange of a proposed transaction with a view to registration for clearing of one or more ICE Futures Europe Block Contracts pursuant to Section F;“Contract”a contract containing the terms set out in the Contract Rules and the Clearing House Rules and, for the avoidance of doubt, a contract shall not be regarded as falling outside this definition solely by virtue of the fact that it contains additional terms which apply on the default of a party to such contract provided that such terms do not conflict with the terms of the default rules, where such rules apply, or contains terms which modify the terms of the Contract Rules to take account of the fact that the Clearing House is not a party to such contract;“contract date”the meaning given in Rule I.3;“contract month”the meaning given in Rule I.3;“the Contract Rules”with regard to a product, the contract rules for the time being applicable under the Regulations to Contracts for that product; and with regard to an option, the contract rules for the time being applicable under the Regulations to Contracts for options of that kind;“Corresponding Contract”a contract arising between the parties other than the Clearing House as set out in Rule F.1.4, F.1.7, F.1.10 and F.1.12 subject to Rule C.6 and Rule F.2;“Credit Institution”has the same meaning as given to the ...

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

Clearing Organisation means any clearing house duly authorised, regulated, recognised or licensed under Applicable Laws in any jurisdiction, including any recognised clearing house, recognised overseas clearing house, derivatives clearing organisation or similar entity.