CLS Bank definition

CLS Bank means CLS Bank International, an Edge corporation organized under the laws of the United States of America;
CLS Bank means CLS Bank International, an Edge Act corporation under Section 25A of the United States Federal Reserve Act, as amended, and a Member which maintains a CHATS Ledger Account with MA.

Examples of CLS Bank in a sentence

  • In the event the exposures of the Clearing Corporation on the members for the trades for a settlement date which are already submitted to CLS Bank for settlement exceed the limit applicable for the member the Clearing Corporation may, at its sole and absolute discretion, unilaterally rescind any or all trades of such member without any further reference to it, so as to bring the exposure within the limit.

  • Clearing Corporation shall enable the settlement of eligible instructions of Members through CLS Bank by availing the third party services of a Settlement Bank.

  • Settlement of all trades shall be governed by rules of CLS Bank in this regard.

  • CLS Bank Int’l, 573 U.S. 208 (2014); Ass’n for Molecular Pathology v.

  • On February 8, 2013, the en banc Federal Circuit heard arguments in CLS Bank v.

  • CLS Bank Int’l, 573 U.S. 208, 216 (2014).In determining whether a claim falls within an excluded category, we are guided by the Supreme Court’s two-step framework, described in Mayo and Alice.

  • The Members (except CLS Bank) who require Special Posting, or any Member (other than CLS Bank) when it is requested by HKICL to do so, should prepare a Special Posting authorisation letter and the instructions for Special Posting in electronic format and pass them to HKICL for triggering the operation of the Special Posting.

  • CLS Bank International (2014).250 The Court of Appeals recently invalidated method and DNA molecule claims that had not been challenged in the case that went to the Supreme Court.251 The US Supreme Court has thus imposed constraints on patentable subject matter in a major patent case for four years in a row, and lower courts are abid- ing by the new jurisprudence.

  • Eurex Clearing AG will instruct CLS Bank to transfer, following the credit of all amounts in all currencies owed to Eurex Clearing AG to the relevant CLS Central Bank Account(s) in the normal course of business, the relevant amounts to the relevant Currency Products Cash Accounts of the relevant Clearing Members in accordance with such instructions.

  • In 2007, CLS Bank filed suit against petitioner, seeking a declaratory judgment that the claims at issue are invalid, unenforceable, or not infringed.

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