Clearing Organisation definition
Examples of Clearing Organisation in a sentence
In the event that any Severity 1 or 2 Incident occurs two (2) hours prior to critical delivery timeline of Storage Certificates as per the Clearing Rules1, the Client accepts without any caveat that the Clearing Organisation and the Client shall automatically apply the present contingency procedure.
The Services will provide Clearing Members with the ability to hold and present to the Clearing Organisation the electronic Storage Certificates created by Approved Silos that evidence the ownership in commodities, goods and materials stored in the Approved Silos.
The Services provides the Clearing Organisation with facilities to manage the contract settlement process for commodity futures cleared by the Clearing Organisation.
Euronext may transfer the logs of a Client to the Clearing Organisation to the extent they have been anonymised (i) at the request of a Regulatory body and/or (ii) in case of a Client claim against the Clearing Organisation and/or Euronext.
The Clearing Organisation will communicate the technical disruption status by email to Clients.