Examples of Direct Clearing Member in a sentence
If a Market Participant is not itself authorized to participate in the clearing procedure (a ”Non-Clearing Member”), it may only effect transactions through the General Clearing Member or the affiliated Direct Clearing Member that performs the clearing of its transactions on Eurex Bonds.
The Non-Clearing Member and the Direct Clearing Member shall be obliged to inform Eurex Clearing AG promptly in the event that they cease to meet such prerequisites.
If a Trading Participant of a Market pursuant to Paragraph 1 is not itself authorised to engage in Clearing activities (a "Non-Clearing Member"), its transactions may only be effected through the General Clearing Member (Number 1.7 Paragraph 1) or an affiliated Direct Clearing Member (Number 1.
A Clearing Agreement may only be entered into by a Non-Clearing Member and a Direct Clearing Member if the Non-Clearing Member is an affiliated company (as determined by Eurex Clearing AG and notified to the Clearing Members) of the Direct Clearing Member.
A Member must not execute a contract on BHB unless it is qualified by a General Clearing Member, or is itself a Direct Clearing Member of the CSD.
Direct Clearing Member: The Clearing Member, as defined in the Clearing Rulebook for Balancing Market Positions, which participates in the clearing procedures of the Clearing House and is responsible for the fulfillment of obligations arising from the Positions it represents in accordance with the Clearing Rulebook for Positions on Balancing Market.
Meet all the requirements stipulated by the CCP for trading the products of MIBGAS Derivatives Futures, which include having clearing capacity in the CCP, either directly (assuming the role of Direct Clearing Member of the CCP), or indirectly (signing a clearing agreement with a General Clearing Member of the CCP).
Whenever an order or quote entered into the systems of the Markets pursuant to Paragraph 1 by a Non-Clearing Member is matched with another order or quote, a transaction takes place between such Non-Clearing Member and the General Clearing Member or the Direct Clearing Member, and a corresponding transaction simultaneously takes place between the General Clearing Member or the Direct Clearing Member and Eurex Clearing AG.
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.
Direct Clearing Agreement betweenEurex Clearing AG, Frankfurt am Main, and as Direct Clearing Member (DCM) 1.