EquityClear Clearing Client definition

EquityClear Clearing Client means, in respect of EquityClear Client Clearing Business,
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Examples of EquityClear Clearing Client in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Related to EquityClear Clearing Client

  • 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.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • 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”);

  • Clearing Agreement means Clearing, Settlement and Sponsorship Services Agreement by and between the Borrower and Fifth Third Bank dated as of June 30, 2009, as the same may be amended, modified, supplemented, restated or amended and restated from time to time.

  • Clearing Participant has the meaning given to such term in the rules of CCASS.