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 Clearing member who has such rights and obligations as set out in Chapter 2 of the Clearing Rules.
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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 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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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.

  • 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.

  • 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.

  • 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.

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

  • 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.

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

  • 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”);

  • 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.

  • Foreign Clearing Agency means Clearstream and the Euroclear Operator.

  • Transferring Member has the meaning set forth in Section 9.4.

  • 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.

  • 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.

  • Purchasing Member means a municipal utility which purchases electricity from a municipal electric cooperative association of which it is a member.

  • 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.

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

  • Presiding Member means the presiding member of a committee or the deputy presiding member, or a member of the committee when performing a function of the presiding member in accordance with the Act;

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

  • Economic Load Response Participant means a Member or Special Member that qualifies under Operating Agreement, Schedule 1, section 1.5A, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.5A, to participate in the PJM Interchange Energy Market and/or Ancillary Services markets through reductions in demand.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • 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;

  • Selling Member has the meaning set forth in Section 10.5(a).

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

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