Defaulting Clearing Participant definition

Defaulting Clearing Participant means a Clearing Participant determined by JSCC to be in Default, and when Defaulting Clearing Participant is acting for a Customer, it may also be referred to as “Defaulting Clearing Broker”;
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Defaulting Clearing Participant means a Clearing Participant for which JSCC has determined the Default, Etc.
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Defaulting Clearing Participant means a Clearing Participant in Default.
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Examples of Defaulting Clearing Participant in a sentence

  • The Funds of which delivery to the Defaulting Clearing Participant has been suspended pursuant to the provisions of Article 89.2 shall be applied to the payment of the Unsettled Obligations in respect of the relevant currency, and the amount so applied shall be deducted from the total amount of Unsettled Obligations remaining after the deduction set forth in b.


More Definitions of Defaulting Clearing Participant

Defaulting Clearing Participant means a Clearing Participant whose Default, etc.
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Related to Defaulting Clearing Participant

  • Clearing Participant has the meaning given to such term in the rules of CCASS.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Participant has the meaning specified in Section 10.06(d).

  • Clearing Agency Participant means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.

  • Market Participant means an entity that, for its own account, produces, transmits, sells, and/or purchases for its own consumption or resale capacity, energy, energy derivatives and ancillary services in the wholesale power markets. Market Participants include transmission service customers, power exchanges, Transmission Owners, load serving entities, loads, holders of energy derivatives, generators and other power suppliers and their designated agents.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).