Designated Clearing Member definition

Designated Clearing Member means a legal person admitted to the System as a Clearing Member, which enters into contractual agreement with a Clearing Member and the Clients for the purposes of implementing portability pursuant to Article 48 of the EMIR Regulation, in case of default by another Clearing Member.
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Designated Clearing Member means a CME Clearing Member or a CBOT Clearing Member approved for the purpose of entering HuRLO Orders on behalf of Eligible Contract Participants together with the duties, rights and privileges attendant to membership in the CME Clearing House.
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Examples of Designated Clearing Member in a sentence

  • The Designated Clearing Member shall take on the role of the Clearing Member from the transfer to him of Contractual Positions and guarantees of the Client-Company.

  • The Designated Clearing Member may operate only if it has entered into an " Agreement between Clearing Member – Client-Company” (Minimum Clauses) with the Client-Company pursuant to the provisions of the Regulations.

  • Article 5 bis-Default of the General Clearing Member 5.1bis In case of default of the General Clearing Member, the Trading Client may avail itself - without the consent of the Defaulting General Clearing Member - of a Designated Clearing Member to which the Contractual Positions and relevant existing guarantees of the Trading Client shall be transferred on the terms and conditions indicated in the Regulations.

  • The Designated Clearing Member may operate only if it has entered into an " Agreement between Clearing Member – Client-Customer Company” (Minimum Clauses) with the Client-Customer Company pursuant to the provisions of the Regulations.

  • The Designated Clearing Member shall be allowed to operate only if it has entered into with the Non-Clearing Member the "Agreement between General Clearing Member and Non-Clearing Member” (Minimum Clauses) pursuant to the provisions of the Regulations and better explained in paragraph g) of the Premises.

  • The Designated Clearing Member shall be allowed to operate only if it has entered into with the Trading Client the "Agreement between General Clearing Member and Trading Client” (Minimum Clauses) pursuant to the provisions of the Regulations and better explained in paragraph g) of the Premises.

  • The Designated Clearing Member shall take on the role of General Clearing Member from the transfer to him of Contractual Positions and guarantees of the Trading Client.

  • Designated Clearing Member had been identified at the time an event of default occurred, shall ask the Members Pro-tem to transmit the documentation indicated in Article B.2.4.1, paragraph 2, for the “segregated client” accounts and in Article B.2.4.2, paragraph 2 for gross omnibus segregated client” accounts within the deadline indicated in Article B.2.4.1, paragraph 4.

  • In cases where you (or, if you are a Non-Clearing Member, you and/or your Designated Clearing Member) are deemed to be or to be likely to become insolvent, and consequently are suspended from, or restricted in, the making of any Interest Rate Futures contract or the entrustment of undertaking of clearing for any Interest Rate Futures contract in accordance with the Trading Member Regulations of the Exchange (such suspension or restriction are hereinafter collectively referred to as a "Suspension, etc.

  • Figure 3: The scene of the textured wall (left) and the installation of cameras and Peltier cooler (right).

Related to Designated Clearing Member

  • 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.

  • Approved Clearing Agency means any other domestic clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 which acts as a securities depository but only if the Custodian has received a certified copy of a resolution of the Board approving such clearing agency as a securities depository for the Trust.

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

  • Trading Member means a Person who has been approved by Nadex to trade directly and not through a FCM Member on the Market, and does not include any FCM Member.

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Exchanging Member means a Member that Exchanges some or all of its Units.

  • Global warming potential means how much a given mass of a chemical contributes to global warming over a given time period compared to the same mass of carbon dioxide. Carbon dioxide's global warming potential is defined as 1.0.

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • Participating Class Member means a Class Member who does not submit a valid and timely Request for Exclusion from the Settlement.

  • Clearing Firm or “Clearing Member” means an entity or individual meeting the requirements of, and approved for, clearing membership at the Clearing House that is authorized pursuant to the Clearing House Rules to clear trades in any or all of the Contracts and that meets the qualification of the Exchange pursuant to Rule 902. A Clearing Firm is authorized to access Eris Exchange to effect transactions. A Clearing Firm may trade for its own proprietary account or an account on behalf of its Customer (e.g., as a broker). A Clearing Firm may trade on behalf of a Customer with an account at a different Clearing Firm acting as a broker or performing an equivalent agency function. The different Clearing Firm is responsible for approving the Clearing Firm for such Customers pursuant to a Clearing Participant Letter of Guarantee. The term “Clearing Firm” collectively refers to all Authorized Traders of a Clearing Firm authorized to utilize Eris Exchange.

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Indirect Depository Participant An institution that is not a Depository Participant but clears through or maintains a custodial relationship with Participants and has access to the Depository's clearing system.

  • Participating member means a member who is required to make mandatory contributions by the applicable retirement act to his or her health reimbursement account.

  • Eligible Member means an employee who is enrolled in one of the designated benefits plans for which you offer participation in the wellness incentive program prior to the end of the first six months of the policy year and who remains enrolled in one of the designated benefits plans at the end of the policy year. Eligible Member also means the employee’s dependents to the extent that dependents are eligible to participate in the Blue Cross and Blue Shield wellness incentive program.) To qualify for a group wellness incentive award, you must meet the following program participation conditions: • You are a group eligible to offer the program as determined by Blue Cross and Blue Shield; and • You elect to offer the Blue Cross and Blue Shield wellness incentive program to your Members who are eligible to participate in the program at the start of your policy year and you continue the program for eligible Members through the end of the policy year; and • At least 20% of your Members who are eligible for the program must participate in the program during the policy year in which you offer the wellness incentive program; and • This Agreement is not be terminated before the end of the policy year in which you offer the wellness incentive program. When you offer a Blue Cross and Blue Shield wellness incentive program, Blue Cross and Blue Shield will determine if you qualify for a group incentive award within 90 days after the end of the policy year. Your group wellness incentive award will be calculated as a percentage of the total medical insurance premium you paid for the policy year for benefits plans for which you offer wellness incentive program participation, excluding any premium payments that are received by Blue Cross and Blue Shield after the end of the policy year. The percentage used to calculate your wellness incentive award will vary depending on how many of your eligible Members participate in the program during the policy year as follows: 1.25% when 20% to 49% of eligible Members participate; or 2.5% when 50% to 79% of eligible Members participate; or 7.5% when 80% to 100% of eligible Members participate. For the purpose of calculating your group wellness incentive award, an eligible Member who earns his or her individual maximum member wellness incentive payment in the policy year is considered to have participated in the program for that policy year. If you qualify for a group incentive award, Blue Cross and Blue Shield will issue the incentive amount to you (by means of a credit and/or a check) once the incentive amount has been calculated. You are solely responsible for determining whether you have any obligation to distribute all or part of your group wellness incentive award to your employees, or to credit a portion of your group wellness incentive award toward their benefits, or otherwise to notify them of your group wellness incentive award. You agree to indemnify and hold Blue Cross and Blue Shield harmless from any and all actions that may be brought against you or Blue Cross and Blue Shield due to your failure to provide any required distribution of, credit, or notification about, your group wellness incentive award to your employees.

  • Trading Partner means any external computer interoperating with a Licensed Component through one or more protocols, one or more networks, or one or more adapters;

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

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Restricted Global Security As defined in Section 3.01(c).

  • Participating Class Members means all Class Members who do not submit valid

  • Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;