Examples of Client Clearing Agreement in a sentence
An Affiliate of a Clearing Member wishing to utilize the clearing services offered by OTC Clear in respect of Original Transactions to which it is a party may enter into a Client Clearing Agreement with (and become a Client of) its Clearing Member or any other Clearing Member.707.
The Client Clearing Agreement contains, in particular, provisions regarding the establishment, margining, termination or transfer of clearing contracts between the Clearing Member and the Bank (each a "Client Clearing Transaction") relating to the respective Contracts entered into the execution system of the central counterparties for Indirect Clearing purposes.
For these Transactions, Section 7 paragraph (1) sentences 2 to 4 and paragraph (3) of the Framework Agreement apply, provided that references to Contracts, the Rules and Regulations and collateral are to be replaced with references to Client Clearing Transactions, the Client Clearing Agreement and collateral pursuant to the Client Clearing Agreement.
For such purposes and in addition to the Client Clearing Agreement Eurex Clearing AG, the relevant Clearing Member and the relevant ICM Client will enter into a Clearing Agreement in the form appended to the Clearing Conditions as Appendix 4 (hereinafter an “ICM Clearing Agreement” and “ICM Clearing Agreement for ICM-CCD”).2.2 In such case, Subpart A and C of this Part 3 apply (together the “Individual Clearing Model Provisions under Client Clearing Documentation” or “ICM-CCD Provisions”).
Party A and Party B agree that their execution of this Agreement shall constitute their entry into, on the date hereof, a Client Clearing Agreement relating to the clearing of certain transactions with LCH.Clearnet on the terms of the Client Clearing Standard Terms, as modified, amended or supplemented by the Schedule hereto.
For these Transactions, section 7 paragraph (1) sentences 2 to 4 and paragraph (3) of the Framework Agreement apply, provided that references to Contracts, the Rules and Regulations and collateral are to be replaced with references to Client Clearing Transactions, the Client Clearing Agreement and collateral pursuant to the Client Clearing Agreement.
It shall be a pre- condition for the execution of the ICM Participation Agreement by Eurex Clearing AG that the Clearing Member and the ICM Client deliver to Eurex Clearing AG to provide a legal opinion from a counsel of recognised standing regarding the fulfilment of the requirements ofn an Eligible Client Clearing Agreement Type by theeir specific Client Clearing Agreement and on the validity of its provisions.
Subject to the requirements of the applicable laws, the forgoing must not apply to the occurrence of a close-out netting following a default by the ICM Client under the Client Clearing Agreement (however described in the Client Clearing Agreement).
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The Client Clearing Agreement is not a Standard Agreement or Corresponding Standard Agreement for the purposes of the Clearing Conditions.[…] 2.4 Responsibility for Client Clearing AgreementIt is the responsibility of the Clearing Member and the ICM Client to ensure compliance of their Client Clearing Agreement with the requirements ofn an Eligible Client Clearing Agreement Type.