Examples of DC Market Participant in a sentence
Upon request in writing, Eurex Clearing AG will grant this approval for once, if the applicant possesses a clearing license of Eurex Clearing AG or is a DC Market Participant recognized by Eurex Clearing AG.
If FWB Transactions of a Clearing Member, acting as a DC Market Participant, are cleared by another Clearing Member, the rules applicable or relating to DC Market Participants shall apply accordingly.
A DC Market Participant or DC With System Access which has entered into an ICM Clearing Agreement between Eurex Clearing AG, a Clearing Member and such DC Market Participant or such DC With System Access in the form appended to the Clearing Conditions as Appendix 3 or Appendix 4 is referred to as “ICM Client”.
Each Participating DMC Member Institution which is a Clearing Member may request its substitution by an affiliated DC Market Participant or DC With System Access/Basic DC by giving written notice at least one month in advance of the intended substitution.
A Clearing Member may enter with one or two other Clearing Members into a bilateral legal relationship as a DC Market Participant in respect of FWB Transactions.
The DC Market Participant/ DC with Member ID will continue to pay the Assignee its usual remuneration for the duration of an Assignment and to reimburse any costs incurred by the Assignee in connection with an Assignment.
In case the Liquidity Provider is not a Clearing Member and, thus, did not enter into a direct contractual relationship where the Price List of Eurex Clearing AG is applicable (e.g., where the Liquidity Provider is a DC Market Participant), Eurex Clearing shall apply the rebates towards the responsible Clearing Member which collects the transaction fees towards its customers.
In connection with any Assignment, the Assignee is neither an authorised agent (Bevollmächtigter) nor a vicarious agent (Erfüllungsgehilfe) of the DC Market Participant/ DC with Member ID.
Eurex Clearing AG will neither reimburse the DC Market Participant/ DC with Member ID for the personnel costs of the Assignee nor pay the Assignee a remuneration.
The DC Market Participant/ DC with Member ID hereby acknowledges the acknowledgements, agreements and undertakings given by the Assignee in the Acknowledgment and Undertaking Letter.