Clearing Party definition

Clearing Party a company underwriting transactions that take place on a Gas Exchange. The Clearing Party plays a central and independent role within the marketplace. It provides protection against default through a margin system and a default fund, and anonymity for buyers and sellers. The Clearing Party notifies GRTgaz of the Daily Quantities Requested corresponding to the delivery schedules resulting from the transactions.
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Clearing Party means a clearing broker or clearing member which DBS uses to clear the Indirect Client’s trades on an EEA CCP;
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Examples of Clearing Party in a sentence

  • It specifies the name of the Gas Exchange, the identity of the Clearing Party and the list of the Title Transfer Points (PEGs) the Shipper intends to use within the scope of the Gas Exchange in question.

  • You either (i) are a CDS participant in respect of equity securities, or (ii) have a clearing arrangement with a Clearing Party that is a CDS participant in respect of equity securities, as required under Section 3 above.

  • The Clearing Party plays a central and independent role within the marketplace.

  • You either (i) are a CDS participant in respect of equity and other securities, or (ii) have a clearing arrangement with a Clearing Party that is a CDS participant in respect of equity and other securities, as required under Section 3 above.

  • The Clearing Party notifies GRTgaz of the Daily Quantities Requested corresponding to the delivery schedules resulting from the transactions.

  • You either (i) are a CDS participant in respect of equity and other securities, or (ii) have a clearing arrangement with a Clearing Party that is a CDS participant in respect of equity and other securities, as re- quired under Section 3 above.

  • Clearing Party: company underwriting transactions that take place on a Gas Exchange.

  • Without disclosing the party's prior written consent, neither the Receiving Party nor its Representatives of any other person shall apply, except to the extent, the provisions of paragraph 2: (a) the fact that Confidential Information has been made available to it or that it has inspected any part of the Confidential Information; b) The fact that the Clearing Party and the receiving party are in discussions or negotiations on the Transaction.

  • The Clearing Party notifies GRTgaz of the Calls for Nomination corresponding to the delivery schedules resulting from the transactions.

  • The Clearing Party notifies to GRTgaz the Nominations corresponding to the delivery schedules arising from the transactions.

Related to Clearing Party

  • 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 Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Clearing Firm means an entity that meets the requirements of clearing membership at a Clearing House that clears Trades in any or all of the MarketAxess SEF Swaps and is authorized to submit Trades for clearing to the Clearing House.

  • Clearing Systems means Euroclear and Clearstream, Luxembourg;

  • Clearing Organization means The Depository Trust Company, or, if agreed to by Borrower and Lender, such other clearing agency at which Borrower (or Borrower's agent) and Lender (or Lender's agent) maintain accounts, or a book-entry system maintained by a Federal Reserve Bank.

  • Clearing Agency means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Clearing Agreement means Clearing, Settlement and Sponsorship Services Agreement by and between the Borrower and Fifth Third Bank dated as of June 30, 2009, as the same may be amended, modified, supplemented, restated or amended and restated from time to time.

  • Clearing Rules means SGX-DC Clearing Rules as amended or supplemented from time to time;

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • European Clearing Systems means, collectively, Clearstream, Luxembourg and Euroclear.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Subcustodian means a bank (including any branch thereof) or other financial institution (other than a Foreign Depository) located outside the U.S. which is utilized by Custodian in connection with the purchase, sale or custody of Securities hereunder and identified to the Fund from time to time, and their respective successors and nominees.

  • Clearing Corporation Security means securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.