Clearing Procedures definition

Clearing Procedures means the OTC Clearing Hong Kong Limited Clearing Procedures, as amended from time to time.
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Clearing Procedures means the practices, procedures and administrative requirements prescribed by OTC Clear from time to time in effect.
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Clearing Procedures means the Procedures appended to the Rules under the title "Clearing Procedures";“Clearing Risk Committee”means the committee established by LME Clear to oversee the day-to-day risk management of LME Clear and to assist LME Clear's chief risk officer to support the work of the Board Risk Committee;"Clearing System"means the formal arrangements, rules and procedures operated by LME Clear and the services provided by it for the clearing and settlement of Contracts, as described in the Rules and the Procedures (each as amended from time to time) as published from time to time by LME Clear;"Client"means a person that has an agreement with a Member pursuant to which: (a) the Member enters into Transactions with or for that person; or (b) the Member agrees to take responsibility for the clearing via the Clearing System of Transactions entered into by such person, (and which person may include a Non-Clearing Firm);"Client Account"means an Account in the books and records of LME Clear established in accordance with Rule 4 (Accounts), to record Respective Entitlements in respect of Transactions cleared by a Member for one or more of its Clients;"Client Acknowledgement Form"means a form, executed by a Member and a Client, in the form prescribed in Part A of Annex 6 (Client Business Terms);"Client Business"means the business of a Member of entering into or clearing transactions in relation to Clients, which may, without limitation include:(a) the entering into Transactions by a Member with Clients; (b) the entering into Transactions by a Member (whether as principal or otherwise) with another counterparty in order to satisfy an order from, or another obligation to, a Client; or (c) the acceptance of responsibility by a Member for the clearing, via the Clearing System, of a Transaction on behalf of a Client;“Client Clearing Agreement”has the meaning set out in paragraphs 3.1(b), Part A or paragraph 2.1(b), Part B of Annex 6 (Client Business Terms);
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Examples of Clearing Procedures in a sentence

  • As explained in the Clearing Procedures, in the event that an intra-day Margin call is anticipated, the Clearing House will contact the Clearing Member by phone to notify them of the requirement.

  • The Client may instruct the Company to override such an “automatically generated exercise instruction” before the System Closure on the expiry day in accordance with the Operational Clearing Procedures of SEOCH.

  • The term "Procedures" means the procedures of the Clearing House from time to time, as amended pursuant to Rule 109(e) and any reference to the "Business Continuity Procedures", "Clearing Procedures", "Complaint Resolution Procedures", "Default Auction Procedures", "Delivery Procedures", "Finance Procedures", "Contract Terms Procedures", "Membership Procedures", or any other section of the Procedures shall be interpreted accordingly.

  • Any Original Transaction which is submitted for registration is required to fulfil the applicable product eligibility requirements set out in section 3.4 and “Margin Process” as described in section 4.6 of these Clearing Procedures.

  • Accounts shall be subject to the application of such processes as are specified in the Clearing Procedures and the Respective Entitlements of LME Clear and each Member under each Open Contract, and the Positions that reflect such rights and obligations, shall be subject to the processes described in the Clearing Procedures.

  • The result will be communicated to the relevant Approved Trade Registration System.If an Original Transaction satisfies the applicable product eligibility requirements set out in section 3.4, but does not satisfy the “Margin Process” as set out in section 4.6 of these Clearing Procedures, such Original Transaction will be put on “pending” status in the Rates and FX Clearing System.

  • Contracts may also be created by OTC Clear registering a Contract on its system in accordance with sections 3.17 and 3.18 of these Clearing Procedures.

  • All payments made under this Section of the Operational Clearing Procedures shall be made in the Base Currency.

  • Clearing Members (or Designated Person on behalf of the relevant Clearing Member) and Clients may from time to time submit Original Transactions to OTC Clear for registration in accordance with the Clearing Procedures.

  • Other paragraphs of these Clearing Procedures are subject to specific provisions in respect of Sponsored Principals and Sponsors and Individually Segregated Sponsored Accounts.


More Definitions of Clearing Procedures

Clearing Procedures means the clearing procedures published by the Clearing House from time to time pursuant to the Clearing Rulebook;
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Clearing Procedures means the Procedures appended to the Rules under the title "Clearing Procedures"; “Clearing Risk Committee” means the committee established by LME Clear to oversee the day-to-day risk management of LME Clear and to assist LME Clear's chief risk officer to support the work of the Board Risk Committee; "Clearing System" means the formal arrangements, rules and procedures operated by LME Clear and the services provided by it for the clearing and settlement of Contracts, as described in the Rules and the Procedures (each as amended from time to time) as published from time to time by LME Clear; "Client" means a person that has an agreement with a Member pursuant to which:
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Related to Clearing Procedures

  • Ordering Procedures means the ordering and award procedures specified in Clause 6 (Ordering Procedures) and Framework Schedule 5 (Ordering Procedure);

  • Bidding Procedures means the procedures governing the Auction and sale of all or substantially all of the Debtors’ assets, as approved by the Bankruptcy Court and as may be amended from time to time in accordance with their terms.

  • Remarketing Procedures means the procedures for conducting Remarketings set forth in Part II of these Articles Supplementary.

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • Operating Procedures means the standard internal operating procedures and compliance policies established by the Company to implement the Compliance Plan.

  • Depositary Procedures means, with respect to any conversion, transfer, exchange or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction.

  • Security Procedures means rules and regulations governing access to, and health and safety procedures while on, Government premises; and information technology security protocols;

  • Servicing Procedures means the servicing procedures of Ford Credit relating to retail installment sale contracts originated or purchased by Ford Credit as the procedures may change.

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • Operation Procedures means the procedures contained in Annexure A hereto which the Contractor is obliged to follow when performing work on behalf of the company

  • Rights Offering Procedures means the procedures governing the Rights Offering, which procedures are attached as an exhibit to the Disclosure Statement, and shall be Acceptable to the Debtors and each of the Required Parties.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

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

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Standard Operating Procedures or “SOP” means the procedures as specified in the Annexes or Attachments to the relevant Schedules;

  • Procedures shall collectively mean DST’s transfer agency procedures manual, third party check procedures, checkwriting draft procedures, Compliance + and identity theft programs and signature guarantee procedures;

  • Customary Servicing Procedures means procedures (including collection procedures) that the Assuming Institution (or, to the extent a Third Party Servicer is engaged, the Third Party Servicer) customarily employs and exercises in servicing and administering mortgage loans for its own accounts and the servicing procedures established by FNMA or FHLMC (as in effect from time to time), which are in accordance with accepted mortgage servicing practices of prudent lending institutions.

  • Applicable Depositary Procedures means, with respect to any transfer or transaction involving a Global Security or beneficial interest therein, the rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transaction and as in effect from time to time.

  • Change Control Procedures Has the meaning given in Section 9.6(a) of the Agreement. Change Management or Change Management Process Means the processes relating to planning and performing all changes in DIR Customer's IT environment pertaining to the Services, including changes to individual components and coordination of changes across all components. The Change Management processes will support and include checkpoints to determine any potential or required Change Control Procedures. Chargeback Has the meaning given in Exhibit 4 of the Agreement.

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • Clearing Systems means, in relation to a Series of Securities, any of Euroclear, Clearstream, Luxembourg and DTC, as the case may be, and includes any additional or alternative clearing systems specified in the Issue Terms.

  • Clearing Rules means, as the case may be, (a) the general rules, operational procedures and other applicable rules, procedures and regulations of HK-DCASS from time to time in force; and/or (b) the rules, procedures and regulations of the relevant Foreign Clearing System, from time to time in force;

  • Associated Procedures means those procedures and/or statements that have been adopted by the Underwriter, the Adviser, a Fund or the Compliance Department, and which are designed to supplement this Code and its provisions.

  • Settlement Procedures means the Settlement Procedures attached hereto as Exhibit A.