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 chapter 2, article 1.3.
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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

  • The Clearing House may pay interest to each Clearing Participant on all cash balances held by the Clearing House for such Clearing Participant including the Security Deposit, Clearing Fund Contribution, and Direct Clearing Participant Deposit in the manner as the Clearing House determines.

  • There are two categories of SEOCH Participantship: A Direct Clearing Participant (DCP) is entitled to clear options contracts traded in HKATS on the instructions, in its capacity as an Options Trading Exchange Participant, of its clients, as well as trades for its own account.

  • Pursuant to Options Trading Rules 401A(1) & (5), no Options Trading Exchange Participant shall accept instruction from an Options Broker Exchange Participant ("OBEP") in relation to the transaction of any Exchange Traded Options Business for the account of the clients of that OBEP unless and until the Options Trading Exchange Participant is a Direct Clearing Participant or GCP of SEOCH and it has opened separate accounts in DCASS with SEOCH in respect of the transactions cleared by it for the OBEP.

  • First Bullet-Point above is deemed to be fulfilled when:The HUPX Member has concluded a Non-Clearing Agreement or a System Clearing Agreement or a Direct Clearing Participant (DCP) Clearing Agreement with ECC for the market applied for.

  • Under SEOCH, there are two categories of Participantship, namely, Direct Clearing Participant and General Clearing Participant.

  • For an EP who is also a CP (i.e. a Direct Clearing Participant or DCP), all Connect Securities in its CCASS stock accounts (except account 20 which is for collateral recording and management) will be counted for pre- trade checking.

  • SP Securities is the Exchange Participant and Direct Clearing Participant with the Hong Kong Exchanges and Clearing Limited.

  • Strong), Composites 2006, ACMA Annual Conference, October 18, 2006, St. Louis, MO.

  • HKSCC DIRECT CLEARING PARTICIPANT As at the Latest Practicable Date, Chief Securities is a HKSCC Direct Clearing Participant.

  • Different types of stock accounts are made available to each CP in CCASS and a CP may maintain Connect Securities in different CCASS stock accounts.For an EP who is also a CP (i.e. a Direct Clearing Participant or DCP), all Connect Securities in its CCASS stock accounts (except account 20 which is for collateral recording and management) will be counted for pre-trade checking.


More Definitions of Direct Clearing Participant

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

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

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

  • 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.

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • 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.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • 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.

  • 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.

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

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

  • Requesting Participant means a Participant initiating an RFQ.

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

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

  • Major Participant means each Equity Member and each member of the Proposer’s organization: (a) with primary responsibility for design; (b) with primary responsibility for construction; or (c) with a proposed subcontract with a value greater than or equal to 5% of the contract price or $20 million, whichever is greater.

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

  • 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.

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;

  • Study Participant means a person recruited to participate in the Study.

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

  • 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.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Registered Participant means a market participant which has entered into a Participation Agreement with the Allocation Platform Rights Document means a document containing the information of the maximum amount of allocated Physical Transmission Rights (identified by CAI) that can be nominated by a market participant per Bidding Zone border per day per hour and per direction taking into account the volume of Daily Transmission Rights initially acquired and any possible curtailments which occurred before the issuance of the Rights Document. Working Day means the calendar days from Monday to Friday, with the exception of public holidays as specified on the website of the Allocation Platform;

  • L/C Participant shall have the meaning provided in Section 3.3(a).

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

  • Auction Participant or “Bidder” means a Person or Persons who submitted a bid as per the E- Auction Process Memorandum; and shall include a Qualified Bidder or the Successful Bidder and as the context requires;

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