Direct Clearing Participant definition

Direct Clearing Participant means a Clearing Participant authorised to clear Trades which have been dealt for its own account or have been concluded for the account of its Clients;
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Direct Clearing Participant means, in respect of Securities Clearing or Derivatives Clearing, a Clearing Participant as specified in article 1.3 of chapter 2.
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Direct Clearing Participant means a Person that submits trades for clearing at Eris Clearing on behalf of its own account(s), has completed a Clearing Participant Agreement and has been granted clearing privileges by the Clearinghouse.
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Examples of Direct Clearing Participant in a sentence

  • DCP CM License Direct Clearing Participant Clearing Member License grants the Direct Clearing Participant Clearing Member (DCP CM) the right to clear its own transactions on ECC cleared Spot Markets.

  • The Company is a registered SEHK Options Trading Exchange Participant (HKATS Customer Code: [FTU]) and Direct Clearing Participant with the SEOCH (DCASS Customer Code: [CFTU]), and shall designate, from time to time, an officer who will be primarily responsible for the Client's affairs for the purpose of this Clause 6.

  • The Target Company is a company incorporated in Hong Kong with limited liability and a corporation licensed by the SFC to carry out Type 1 (dealing in securities) regulated activities under the SFO and is admitted by Hong Kong Securities Clearing Company Limited to participate in CCASS as a Direct Clearing Participant.

  • It is also an Exchange Participant (in the capacity of a Futures Commission Merchant) of the Hong Kong Futures Exchange Limited, a Clearing Participant of HKFE Clearing Corporation Limited, an Exchange Participant and China Connect Exchange Participant of The Stock Exchange of Hong Kong Limited (Participant ID: 01813) and a Direct Clearing Participant and a China Connect Clearing Participant of the Hong Kong Securities Clearing Company Limited (Participant ID: B01813).


More Definitions of Direct Clearing Participant

Direct Clearing Participant means a “Direct Clearing Participant” as defined in and has
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