Defaulting RCM definition

Defaulting RCM means a RCM who is a Defaulter

Defaulting RCM means a RCM, including a Sponsored Member, who is a

Defaulting RCM means a RCM who is a Defaulter"Defaulting SCM "means a SCM who is a Defaulter"Default Loss"has the meaning assigned to it in Default Rule 16(b)"Default Management Process Agreement Amendment Agreement"has the meaning assigned to it in Regulation 11(s)"Default Notice"has the meaning assigned to it in Default Rule 3"Default Rules"means the Clearing House’s Default Rules including the Supplements from time to time in force pursuant to Part IV of The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001 which, for the avoidance of doubt, form a part of these General Regulations"Deliverable Forward Settled ForexClear Option Transaction"means a ForexClear Option Transaction which the parties thereto have agreed (as evidenced by the ForexClear Deliverable Forward Contract Terms applicable to that ForexClear Option Transaction) shall be settled by the entry into a ForexClear Deliverable Forward Transaction"delivery contract"means a Cleared Exchange Contract or Listed Interest Rates Contract between the Clearing House and a Member: (a) for the immediate sale and purchase of a reference asset or commodity arising on the exercise of an option pursuant to these Regulations; or (b) for the sale and purchase of a reference asset or commodity for delivery on the date specified in the contract or on the date agreed between the parties, in either case being an open contract under which tender is not required to be given"delivery month"means in respect of an exchange contract, the meaning ascribed to it in the Exchange Rules governing such contract, or in respect of a Listed Interest Rates Contract, the meaning ascribed to such Contract in the Listed Interest Rates Contract Terms"Depository"means a collateral agent, custodian, central securities depository, securities settlement system or other similar entity"Designated Group Member"has the meaning assigned to it in Chapter XIV(k)"Designated Rates Exchange"has the meaning assigned to it in Regulation 100(a)

Examples of Defaulting RCM in a sentence

• Whenever the RepoClear DMP is implemented by the Clearing House in respect of a Defaulting RCM, the Clearing House will, with the assistance of the Fixed Income DMG, provide such ongoing information to RCMs (including the Agent Members of Sponsored Members) as the Clearing House deems reasonably appropriate in respect of the progress of the RepoClear DMP.

• Where a Rule 26 Certificate is to be issued in respect of the Default of an RCM, the Clearing House may assume that no further recoveries will be made in respect of obligations of the Defaulting RCM beyond the value of its RepoClear Contribution.

• Whenever the RepoClear DMP is implemented by the Clearing House in respect of a Defaulting RCM, the Clearing House will, with the assistance of the Fixed Income DMG, provide such ongoing information to RCMs as the Clearing House deems reasonably appropriate in respect of the progress of the RepoClear DMP.