Derivatives Clearing Organization definition

Derivatives Clearing Organization means an organisation designated and registered as such by way of United States Code Title 7, Chapter 1, paragraph 7a-1;

Derivatives Clearing Organization or “DCO” means a “derivatives clearing organization” registered with the CFTC pursuant to Section 5b of the Act or a Clearing House operating pursuant to a CFTC no-action letter or exemption from registration with the CFTC.

Derivatives Clearing Organization means an organization designated and registered as such by way of 7 U.S.C.A. § 1a(15).

Examples of Derivatives Clearing Organization in a sentence

• Applicable LawThe term “Applicable Law” means, with respect to any Person, any statute, law, regulation, rule or ordinance of any governmental authority, Derivatives Clearing Organization or self- regulatory organization applicable to such Person, including without limitation the CEA, the Exchange Act and CFTC Regulations.

• The Clearing House will treat all Confidential Material in the terms envisaged in Schedule 1 (Confidentiality, non-disclosure and participation in the ForexClear Default Management Group), confining use to the ForexClear Default Management Process, restricting its availability on a "strictly need to know basis", and exercising every duty of care required of it as a Recognised Clearing House and as a Derivatives Clearing Organization.

• The Clearing House will treat all Confidential Material in the terms envisaged in this Schedule, confining use to the Rates Service DMP, restricting its availability on a "strictly need to know basis", and exercising every duty of care required of it as a Recognised Clearing House and as a Derivatives Clearing Organization.

• Applicable LawThe term “Applicable Law” means, with respect to any Person, any statute, law, regulation, rule or ordinance of any governmental authority, Derivatives Clearing Organization or self-regulatory organization applicable to such Person, including without limitation the CEA, the Exchange Act and CFTC Regulations.

• The Company shall submit Cleared Contracts entered into on or pursuant to the Rules to a Derivatives Clearing Organization on behalf of the parties to such Cleared Contracts.

• The Company shall submit Cleared Swaps to a Derivatives Clearing Organization on behalf of the parties to such Swaps.

• All Customer Segregated Funds may be commingled in a single account, called a customer omnibus account, and held with: (i) a bank or trust company located in the US; (ii) a bank or trust company located outside of the US that has in excess of $1 billion of regulatory capital; (iii) an FCM; or (iv) a Derivatives Clearing Organization.

• A decision by the Company to adjust trade prices or bust a trade will be made as soon as practicable, and the Company shall notify all Participants and Authorized Traders, the Swap Data Repository and, if applicable, the Derivatives Clearing Organization of any such decision.

• A decision by the Company to adjust trade prices or bust an RFQ will be made as soon as practicable, and the Company shall notify the affected Participants and/or Authorized Traders, the Swap Data Repository and, if applicable, the Derivatives Clearing Organization of any such decision.

• Rules of the Derivatives Clearing Organization The clearing services provided by the Derivatives Clearing Organization with respect to any Contract, and the rights and obligations of purchasers and sellers under Cleared Contracts (including rights and obligations in respect of clearing and settlement, variation payments and performance at maturity), will be governed by the rules of the Derivatives Clearing Organization.

More Definitions of Derivatives Clearing Organization

Derivatives Clearing Organization shall have the meaning given the term in Section 1a(15) of the CEA.

Derivatives Clearing Organization or “DCO” means “derivatives clearing organization” registered with the CFTC.