Examples of Clearing Rule Book in a sentence
Capitalised terms used in this CDS Clearing Supplement and not otherwise defined herein shall have the meaning given pursuant to the Index Cleared Transaction Confirmation, Single Name Cleared Transaction Confirmation, the 2003 ISDA Credit Derivatives Definitions or the CDS Clearing Rule Book, as applicable.
Pursuant to Article 1.2.8 (Time reference) of the CDS Clearing Rule Book, any reference to a time of day herein shall be deemed to be a reference to Central European Time unless otherwise provided herein.
Upon novation of an Original Transaction at the Novation Time in accordance with Title III (Clearing Operations) of the CDS Clearing Rule Book, each resulting Index Cleared Transaction or Initial Single Name Cleared Transaction is entered into by LCH SA and the relevant Clearing Member on the terms of the related Index Cleared Transaction Confirmation or Single Name Cleared Transaction Confirmation (as applicable).
In the case of any such terms defined in the CDS Clearing Rule Book, such terms shall be interpreted in accordance with the governing law specified therefore in the CDS Clearing Rule Book.
By way of clarification to Chapter 3 (Compression) of Title III (Clearing Operations) of the CDS Clearing Rule Book, LCH SA shall effect compression of relevant Cleared Transactions if and to the extent requested by a Clearing Member.
For the purposes of this Clearing Rule Book, the following capitalised terms shall, unless specifically provided otherwise, have the respective meanings set out below: Account Structure: The House Account Structure(s) and the Client Account Structure(s) registered in the Clearing System in the name of a Clearing Member.
Article 1.2.2.4Capitalised terms used in this Clearing Rule Book and not defined in Instructions or in other communications of LCH SA shall have the meaning as set forth in this Clearing Rule Book.
Article 1.2.2.7The Clearing Rule Book shall be implemented and interpreted through Instructions and by Notices, issued by LCH SA and published in accordance with Section 1.2.4. Instructions and Notices shall not be used to amend the principles and general conditions set out in the Clearing Rule Book.
This Clearing Rule Book sets out the principles and general conditions governing the organisation and operation of the clearing activities of LCH SA.
Article 1.2.1.2General or specific decisions, which are provided by the Clearing Rule Book, to fall within the authority of LCH SA shall be adopted in accordance with the conditions established by the board of directors of LCH SA.