Client Buffer Account definition

Client Buffer Account means a sub-account of a SwapClear Clearing Member’s Proprietary Account opened for the purpose of recording Client Buffer"Client Clearing Business"means each of RepoClear Client Clearing Business, SwapClear Client Clearing Business, EquityClear Client Clearing Business, LSE Derivatives Markets Client Clearing Business, ForexClear Client Clearing Business and Listed Interest Rates Client Clearing Business"Client Clearing Default Management Process"means the processes of the Clearing House outlined in the Client Clearing Annex to the Default Rules and includes the Rates Service DMP in relation to any Contract which is a SwapClear Contract and/or Listed Interest Rates Contract in respect of Rates Service Client Clearing Business, the RepoClear DMP in relation to any Fixed Income Contract in respect of RepoClear Client Clearing Business and the ForexClear DMP in relation to any Contract which is a ForexClear Contract in respect of ForexClear Client Clearing Business"Client Clearing End-User Notice"means the Client Clearing End-User Notice as specified by the Clearing House from time to time"Client Clearing Entitlement"has the meaning assigned to it in the Client Clearing Annex to the Default Rules"Client Clearing Services"means SwapClear Client Clearing Services, RepoClear Client Clearing Services, EquityClear Client Clearing Services, LSE Derivatives Markets Client Clearing Services, ForexClear Client Clearing Services, FCM Clearing Services and/or Listed Interest Rates Client Clearing Services"Client Collateral"means: (i) Client Securities Collateral; and/or (ii) cash that a Custodial Segregated Client provides to the Clearing House, in respect of the relevant Custodial Segregated Account and in accordance with the relevant Collateral Management Agreement, and that the Clearing House designates as such in its books and records
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Client Buffer Account means a sub-account of a SwapClear Clearing Member’s Proprietary Account opened for the purpose of recording Client Buffer
Sample 1Sample 2Sample 3
Client Buffer Account means a sub-account of a SwapClear Clearing Member’s
Sample 1

Examples of Client Buffer Account in a sentence

  • Prior to the Default of an SCM or the occurrence of a Termination Date specified by such SCM under Regulation 45, amounts standing to the credit of its Client Buffer Account are not available to support House Clearing Business and can only be used to support its SwapClear Client Clearing Business.

  • By requesting the opening of a Client Buffer Account, the Clearing Member represents and warrants to the Clearing House that its participation in the Client Buffer arrangements will not give rise to a breach of Applicable Law or any contract.

  • By requesting the opening of a Client Buffer Account, the Clearing Member represents and warrants to the Clearing House that its participation in the Client Buffer arrangements will not give rise to a breach of any applicable law, regulation or contract.

  • In such circumstances, the SwapClear Clearing Member would be required to transfer the relevant Collateral out of and back into the Clearing House should it wish to return it to the Client Buffer Account (assuming such an arrangement would be consistent with the SwapClear Clearing Member’s agreement with its client and that the Clearing House has not exercised any of its rights under the Default Rules following the Clearing Member’s failure to meet the call for such additional Collateral).

  • Any Collateral released and re-recorded to the Client Buffer Account will immediately be used to replace and reduce the amount (if any) of SwapClear Tolerance utilised in respect of any other Client Account opened by the same SwapClear Clearing Member.

  • The study was significant because it showed that providing emotional support helps promote smoking cessation, which are especially important following CABG surgery.

  • Any additional Collateral transferred by a SwapClear Clearing Member to the Clearing House in respect of the relevant Client Account will be used to reduce the amount of SwapClear Tolerance utilised in respect of that Client Account to zero before any Collateral previously transferred from the Client Buffer Account is released and re-recorded to the Client Buffer Account.

  • Where more than one relevant Client Account utilises SwapClear Tolerance at the time the relevant Collateral is re-recorded to the Client Buffer Account, the newly available Client Buffer shall be allocated to those Client Accounts pro rata to the sum of the Collateral transferred from the Client Buffer Account and currently recorded to the relevant Client Account (if any) and the amount of SwapClear Tolerance utilised by the relevant Client Account (if any) for each such Client Account at that time.

  • Where the SwapClear Clearing Member fails to provide such additional Collateral and/or settlement payments (as applicable), the Collateral previously transferred from the Client Buffer Account to the Client Account will continue to be recorded in the relevant Client Account and the Clearing House will not permit it to be transferred back to the Client Buffer Account in the manner envisaged above.

  • However, prior to the Default of the SwapClear Clearing Member or the occurrence of a Termination Date specified by the relevant SwapClear Clearing Member under Regulation 45,amounts standing to the credit of the Client Buffer Account are not available to support House Clearing Business and can only be used to support SwapClear Client Clearing Business.


More Definitions of Client Buffer Account

Client Buffer Account means a sub-account of a SwapClear Clearing Member’sProprietary Account opened for the purpose of recording
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Related to Client Buffer Account

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Cardholder Account is the account of a Cardholder as represented by a Card.

  • Eligible customer-generator means a customer-generator whose net energy metering system for renewable resources, cogeneration, fuel cells, and microturbines meets all applicable safety and performance standards.

  • Collection Accounts As defined in Section 3.10(a).

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Consumer account means an account established primarily for personal, family, or household use.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Direction-indicator lamp means the lamp used to indicate to other road-users that the driver intends to change direction to the right or to the left;

  • Non-Administrator Dialysis Facility means a Dialysis Facility which does not have an agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan but has been certified in accordance with the guidelines established by Medicare.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Separate Accounts means the accounts which are to be prepared for each

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate: