Examples of EquityClear Clearing Client in a sentence
An EquityClear Clearing Member's position and financial information are further identified by a single character code: C for EquityClear Clearing Client Business; and H for EquityClear Clearing House Business.
Prescribed Language and End-User NoticePursuant to the Clearing House's General Regulations, each EquityClear Clearing Member is required to ensure that it includes certain language in its agreement with its EquityClear Clearing Client (the " Clearing House Prescribed Language").
The H account is obligatory, the C account will be used in respect of any EquityClear Clearing Member which engages in EquityClear Clearing Client Business.
An EquityClear Clearing Client may appoint a Backup Clearing Member for the purposes of the porting of the EquityClear Contracts entered into by a EquityClear Clearing Member on its behalf, in accordance with the Client Clearing Annex.
Where, following the Default of a EquityClear Clearing Member, the Clearing House is notified of the existence of such a Backup Clearing Member in respect of a EquityClear Clearing Client, the Clearing House is entitled, in accordance with the Client Clearing Annex, to immediately and without notice to any person, send details of the Relevant Contracts and Account Balances to that appointed Backup Clearing Member.
Note: The appointment by an EquityClear Clearing Client of a Backup Clearing Member and the notification of a Backup Clearing Member to the Clearing House does not mean that EquityClear Contracts will always be transferred to that Backup Clearing Member.
An EquityClear Clearing Member agrees that the Clearing House is permitted, after the Default of such EquityClear Clearing Member, to disclose the Portfolio in respect of a Relevant Client Account and EquityClear Clearing Client of such EquityClear Clearing Member, to each Backup Clearing Member appointed by such EquityClear Clearing Client in respect of the EquityClear Service.
An EquityClear Clearing Client may, at any time, appoint one or more Backup Clearing Member(s) in respect of the EquityClear Service, for the purpose of porting EquityClear Contracts entered into by an EquityClear Clearing Member on its behalf and corresponding Account Balance(s), in accordance with the Client Clearing Annex.
The Clearing House will determine whether a Client to Client Porting or a Direct Account Opening is possible within the period of time considered by the Clearing House (in its sole discretion) to be appropriate in the relevant circumstances and published on its website in relation to the relevant EquityClear Clearing Client.