Direct Clearing Member definition

Direct Clearing Member means a Person that submits trades for clearing at Eris Clearing on behalf of its own account(s), has completed a Clearing Member Agreement and has been granted clearing privileges by the Clearinghouse.
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Direct Clearing Member means a Direct Clearing Member, as defined in the Clearing Conditions.
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Direct Clearing Member means a Person that submits fully funded trades for clearing at Cboe Clear Digital on behalf of its own account(s), has completed a Clearing Member Agreement and has been granted clearing privileges by the Clearinghouse excluding trading on margin.
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Examples of Direct Clearing Member in a sentence

  • Direct Clearing Agreement betweenEurex Clearing AG, Frankfurt am Main, and as Direct Clearing Member (DCM) 1.

  • Where the Clearing Member is a Direct Clearing Member the Interest Rate Derivatives Clearing License entitles it to clear OTC Interest Rate Derivative Transactions that (i) are Own Transactions under the Elementary Clearing Model Provisions and (ii) the currency of which is Euro (EUR), US-Dollar (USD), Pound Sterling (GBP), Swiss Franc (CHF) or Japanese Yen (JPY).

  • The account held in the System by a Direct Clearing Member in its own name for the Clearing of the Electricity Transactions it conducts as a Participant in Electricity Markets.

  • In order to be connected to the electronic trading system, companies with the clearing status Direct Clearing Member (DCM) and General Clearing Member (GCM) need at least one leased line plus a backup connection based on leased lines.

  • NCM-DCM Clearing Agreement between as Direct Clearing Member ("DCM") and as affiliated Non-Clearing Member ("NCM") andEurex Clearing AG, Frankfurt am Main.

  • ANNEX B.511B PARTIAL DELIVERY OF RECEIPT INSTRUCTIONS – ICSD BOND SECTION Long Contractual Positions of the Direct Clearing Member in bonis (CC&G deliveries), in the ICSD Bond Section may be partially settled pursuant to Article B.4.1.1 within the limits of the securities received from CC&G (deliveries from CC&G).

  • Covered Reporter LEI ......................Direct Clearing Member LEI .............

  • To the extent such Direct Clearing Member is also entitled to clearing transactions of affiliated Exchange Participants which do not have a Derivatives Clearing License (the “Non-Clearing Members of a Direct Clearing Member”), Clause 1 shall apply mutatis mutandis to all Non-Clearing Members for which such Direct Clearing Member acts to the extent the clearing of the futures and options transactions of such Non-Clearing Members is effected through the relevant Direct Clearing Member.

  • Covered Reporter LEI .........................................Direct Clearing Member LEI ...............................Transaction Side .................................................

  • NCM-DCM Clearing Agreement between_ as Direct Clearing Member ("DCM")and _ as affiliated Non-Clearing Member ("NCM")and Eurex Clearing AG, Frankfurt am Main.


More Definitions of Direct Clearing Member

Direct Clearing Member means a Clearing member who has such rights and obligations as set out in Chapter 2 of the Clearing Rules.
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Direct Clearing Member means a clearing member only permitted to conduct clearance and payment for its own derivative transactions and for those of its brokerage clients.
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Related to Direct 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.

  • 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.

  • 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”);

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Voting Member means a Member holding one or more Voting Shares.

  • 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.