Designated Clearing Participant definition

Designated Clearing Participant means a person designated by a Non-Clearing Participant, among General Clearing Participants who have a clearing qualification for the commodity markets in which the Non-Clearing Participant executes transactions, as a person to whom the Non-Clearing Participant always consigns commodity clearing transactions under a clearing agreement to be concluded with that person.
Sample 1Sample 2Sample 3

Examples of Designated Clearing Participant in a sentence

  • I/we shall not assign or pledge in the claims which I/we have against JSCC and your company (in the case where your company is a Non-Clearing Participant; JSCC, your company and your company’s Designated Clearing Participant).

  • Your company and JSCC (in the case where your company is a Non-Clearing Participant; your company, your company’s Designated Clearing Participant, and JSCC) shall not be liable for any damages on clearing margin or customer margin, etc., such as loss, destruction or mutilation, due to the reasons set forth in the preceding paragraph.

  • A customer shall not appoint any person other than the Broker Member (or the Broker Member and its Designated Clearing Participant if the said Broker Member is a Non-Clearing Participant), prescribed in the preceding paragraph as an agent for depositing and receiving the reimbursement of his/her Clearing Margins with and from JSCC.

  • A customer shall deposit and receive reimbursement of his/her Clearing Margins, with and from JSCC, through a Broker Member (or the Broker Member and its Designated Clearing Participant if said Broker Member is a Non-Clearing Participant) acting as his/her agent.

  • Cash and Equivalents, deposited by a Customer of Clearing Intermediary with JSCC through the Clearing Intermediary, Non-Clearing Participant Broker Member, and Designated Clearing Participant, who are acting as agents of the Customer of Clearing Intermediary, for management with respect to transactions in the commodity markets.

  • I/we shall deposit my/our clearing margin with JSCC and receive the return of the same through your company (in the case where your company is a Non-Clearing Participant, your company and your company’s Designated Clearing Participant) acting as my/our agent.

  • I/we shall not object to your company reporting the matters in connection with the Futures/Options Trading carried out by me/us to the governmental authorities of Japan, the Financial Instruments Exchange or JSCC (in the case where your company is a Non- Clearing Participant; governmental authorities of Japan, the Financial Instruments Exchange or your company’s Designated Clearing Participant), etc., if it is required under the laws of Japan or the rules of the Financial Instruments Exchange or JSCC, etc.

  • I/we shall not object to your company reporting the matters in connection with the Futures/Options Trading carried out by me/us to the governmental authorities of Japan, the Financial Instruments Exchange or JSCC (in the case where your company is a Non-Clearing Participant; governmental authorities of Japan, the Financial Instruments Exchange or your company’s Designated Clearing Participant), etc., if it is required under the laws of Japan or the rules of the Financial Instruments Exchange or JSCC, etc.

  • Notwithstanding the provisions of Article 56.3, in cases where an Intermediary deposited Clearing Margin as the agent of its customer, the Non-Clearing Participant who is a Broker Member shall deposit the whole amount to the Designated Clearing Participant as an agent of such customer of Intermediary.

  • In cases when a Non-clearing Participant made notification of option exercise pursuant to the provisions of Paragraph 1 (include the case that the notification deemed to have been made as provided for in Paragraph 3), the Non-clearing Participant shall notify the Designated Clearing Participant of the details of such notification without delay.

Related to Designated Clearing Participant

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

  • Registered Participant means a market participant which has entered into a Participation Agreement with the Single Allocation Platform;

  • 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.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

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

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

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

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Reporting Participant means a Participant who is subject to the reporting requirements of Section 16 of the Exchange Act.

  • 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.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Book Entry Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • 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).

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Requesting Participant means a Participant initiating an RFQ.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Other Participant means a cooperative project participant other than the United States.