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

  • Any Designated Clearing Member entering into a Crossing Transaction that is not cleared through the Clearing House must provide the Clearing House with documentary evidence that it has entered into the required Crossing Transaction.

  • If no Designated Clearing Member is identified at the time when a Clearing Member’s default event occurs, pursuant to Article B.6.1.1, paragraph 1, the Clients may sign the agreement envisaged in the preceding paragraph and the Clearing Member has to send this agreement to CC&G as soon as it is finalised and, in any event, within 3 hours after the default event.

  • The Designated Clearing Member shall sign a relevant contract with the Clients for the purposes of administering the portability of the Contractual Positions and collateral, and shall promptly communicate this to CC&G.

  • For the Non- Clearing Member, the Designated Clearing Member must also transmit the agreement as indicated in the above Part 2.3. 2.

  • For the Trading Client, the Designated Clearing Member must also transmit the agreement as indicated in the above Part 2.3. 2.

  • The Designated Clearing Member must also provide CC&G with evidence of the factthat the Contractual Positions being transferred refer to all the Clientsof the “omnibus client” account.

  • 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.

  • No one shall be permitted to store any private property, including any Kayak, at the Allenhurst Beach Club except during the “season.” g.

  • 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.

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.

  • 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 means an entity that meets the requirements of clearing membership at a Clearing House that clears Trades in any or all of the MarketAxess SEF Swaps and is authorized to submit Trades for clearing to the Clearing House.

  • 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;

  • Participating member means an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • 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.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Trading Partner means an entity that has registered with the Commission to exchange data through Electronic Data Interchange.

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

  • Clearing Account has the meaning set forth in Section 2.7.1 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.

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